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Retirement tax questions
<a rel="nofollow" target="_blank" href="https://www.tax.ny.gov/pdf/advisory_opinions/income/a05_7i.pdf">https://www.tax.ny.gov/pdf/advisory_... contributions rollover retains it status as nontaxable contribution for federal purposes. In my opinion, it does not qualify for a new contribution for NY State purposes unless it was rolled within 60 days from the other state. Please contact the NY Dept of Revenue. If you think logically, the money funded one state that you may have worked in and gotten a state tax credit in and then you rolled it into a NY Plan but it's not new monies in 2017, it just qualifies to maintain the 529 status as a rollover.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎June 3, 2019
4:39 PM