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Retirement tax questions
Yes & no.
An inherited (non spousal) IRA is taxable by NY State. From the instructions for form IT-201: "The computation of your New York State (and New York City and Yonkers) income tax is based on information you reported on your federal income tax return, including your income and federal adjustments to income".
But, since you are over age 59-1/2 there is an up to $20,000 deduction allowed for qualified pension distributions, including inherited pensions. See the instructions for line 29 (page 18) at https://www.tax.ny.gov/pdf/current_forms/it/it201i.pdf
May 31, 2019
6:09 PM