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During the federal interview in TurboTax you will need to indicate that it's a New York State Teacher's Retirement, after you enter the 1099-R. Make sure to choose that your distribution came from New York State and City Education since you indicated you have a New York State Teachers' Retirement System pension.
Make sure to say Yes when TurboTax asks if your distribution was from a qualified plan.
Your New York State Teachers' Retirement System pension will be a subtraction on your New York State return (IT-201) on line 26.
Click on the screenshots below for visual references.
This doesn't work, my NY Teachers Retirement Pension is not being deducted from NY state income like in 2018 ... I went back to 2018 and now it is showing like I entered that it was a US Government distribution when I know I didn't .... so for NY state the deduction is limited to $20,000 and I am showing an extra tax of over $2,000 What is going on? Please help.... I have used Turbotax for years on this same issue and have never had a problem.
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