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Level 2
posted Feb 9, 2020 10:06:46 AM

Mother (84 yrs) died in 2019 and she had an annuity. I was a beneficiary along with 3 others. My 1099R has a taxable amount $1,200, can I deduct this for NYS taxes?

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1 Replies
Expert Alumni
Feb 9, 2020 10:27:11 AM

Yes, you can get an exclusion for pensions that are taxable in New York.  Because your mother was 84 years old, she was eligible to exclude up to $20,000.  As the beneficiary, you are entitled to the same exclusion your mother would have had.

 

The New York State tax website for retired persons at this link has the details.