I posted the NY rules. As you can see the rules vary but a lump sum from a Keogh qualifies along with inherited accounts that would have qualified. If you had a 403b, then it would need to be periodic.
I am not sure if you income is even taxable in NY. Your pension income is not taxable in New York State when it is paid by:
- New York State or local government
- the federal government, including Social Security benefits
- certain public authorities
What kind of retirement (401k, 403b, etc) plan from what type of employer (government or private) do you have? Let's solve the riddle!
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