New York State and City Education (optional retirement program)

[nmacomber44]

How do I enter New York State and City Education to prevent New York State tax?

[LindaS5247]

If you are eligible for the New York State pension exclusion because you have a New York State and City Education Retirement Program, you can make sure this pension is excluded using the steps listed below.  This exclusion will show on Line 26 of your New York State Tax Return Form IT-201.

To exclude your New York State and City Education Retirement Plan, after your Form 1099-R is entered into TurboTax you will see a screen that says, "Where is your distribution from?" You should select the second circle Retirement distributions from New York State and City Education (optional retirement program) to ensure your pension is properly excluded.

When you do this, your distribution information should flow to your New York State Income Tax Return and be recognized as excluded.  

To get to those screens in TurboTax to review your entries, you can:

1. Click on Search at the top right of your TurboTax screen
2. Type Form 1099-R in the search box
3. Click on the link Jump to Form 1099-R
4. Select your Form 1099-R for your New York State pension and follow through the screens until you see "Where is your distribution from?"
5. Click on the second circle and "Continue"

For additional instructions on how to enter a Form 1099-R in TurboTax click here for " Where do I enter my 1099-R?"

Please return to Community if you have any additional information or questions and we would be happy to help.