Retirement tax questions

To enter your exempt state employee pension, you will first have to enter the necessary information in your Federal Income tax return section, which will flow to your state return.

You may have to update your state return.  

You have to indicate when you initially enter your Form 1099-R, that it is a tax-exempt pension in the State of NY.  (You may have to indicate it as a Qualified Governmental Retirement Distribution.)

Find your Form 1099-R by typing 1099-R in the search box, and follow the steps below:

1. Click on Jump to 1099-R
2. Scroll down to Retirement Plans and Social Security
3. At IRA,401(k), Pension Plan Withdrawals (1099-R), click Update
4. Click on Edit then Continue
5. Answer the next questions until you get to the Where Is This Distribution From? screen
6. Select the source State Employees and enter the information requested: This will carryforward the information needed to your state tax return to make your pension tax exempt.
7. Click on Continue
8. Click on From a Qualified Plan
9. Continue answering the questions

Now on your state return: 

1. At the Changes to Federal Income page, scroll down to Received retirement income, click Start/Update
2. At the Retirement Distributions Summary page, click on Edit State
3. If no additional information is required, click on Continue
4. Click Done

Click here for information regarding previewing your NYS Return to make sure he entry is correct.

Click here to contact Turbo Tax for assistance.