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Retirement tax questions
But do you have a box 14? (14a just refers to the first state line on the 1099-R, since some folks move and have two state lines).
If so, copy the value of box 2a into box 16...IF box 2a is empty/blank or undetermined, and you haven't made any after-tax contributions to that account, you can probably use the box 1 value.
NY requires box 16 to be filled in with the Federally-taxable distribution, if box 14 has a value in it.....thsu the box 2a or box 1 $$ value.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 9, 2025
10:21 AM