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Retirement tax questions
I am filing a non-resident return for NY (IT-203). I am reporting a 1099-R RMD for an inherited IRA. I am one of 2 beneficiaries (50% each). Despite my reporting that I am only 50% beneficiary, TurboTax is deducting the full amount (which is greater than $10,000 but less than $20,000) under NY subtractions. Shouldn't the deduction be limited to $10,000 (since I got only 50% of inheritance)? Thanks.
‎February 15, 2020
12:07 PM