Retirement tax questions

If you have an excluded pension from New York because it is a U.S. Government pension or a New York State Retirement pension, the way you exclude it is as follows:

You will do this on your federal return after you have entered your Form 1099-R for your New York pension. The information will flow to your New York state tax return.

Certain New York State pensions and Government pensions are not taxable on your New York State tax return.

After you enter your Form 1099-R for your New York State retirement, you will have follow-up questions about your distribution.

On your TurboTax screen that says, "Where is this Distribution From?" You will select  "Other Pensions of New York State and Local Governments" or whatever entry that applies to your situation. This will flow to your New York State Income Tax Return and your pension will not be taxed. 

You will then finish answering any follow-up screens.  This information will flow to your New York State Tax return and your pension will be tax-exempt.

You can get back to that  screen in TurboTax by selecting "Edit" next to your Form 1099-R and continuing through the screens until you see the screen "Where is this distribution from?"

This is where you will select your nontaxable New York pension. You do not override the Pension Worksheet because that will cause an error.

This screen will look like this:

Click here for NYS Taxes and your Pension