If you withdraw more than your Required Minimum Distribution (RMD) from your 403-B and it exceeds the $20,000 exemption for New York State, here's how to handle it in TurboTax:
- Open your return and go to the Federal section.
- Navigate to the Wages & Income section.
- **Scroll down to Retirement Plans and Social Security and select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
- Enter your 1099-R information: Follow the prompts to enter the details from your 1099-R form.
- Answer questions about excess and indicate the amount over the $20,000 exemption: TurboTax will guide you through the process of reporting the taxable portion of your distribution.
For more detailed guidance, you can refer to the TurboTax Community support page.
