1099-R

[DE66]

I borrowed money from my retirement account in 2024 to pay personal expenses.  I received Form 1099-R and under the State portion all the fields are empty.  Does this mean the amount I took out is not taxable income for NYS filing purposes and should show as a subtraction on my state return?

[SabrinaD2]

No, the empty state fields on your Form 1099-R do not automatically mean the amount is not taxable for New York State (NYS) purposes.

Here are points to consider

• Withdrawals from retirement accounts are generally taxable in NYS
• NYS allows a pension and annuity income exclusion of up to $20,000 if you are 59½ or older
• Form 1099-R: The empty state fields might indicate that the payer did not withhold state taxes, but it does not determine taxability.

Here how to enter the 1099-R in TurboTax. Once you complete, TurboTax will ask you questions to help you determine federal and state taxability.

1. You can import or upload your 1099-R, or manually enter the information yourself.
2. Sign in to TurboTax
3. Then click this link 1099-R.