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New Member
posted Mar 9, 2022 1:15:09 PM

Nyc retired teacher exempt from nys income tax where do i enter this

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1 Replies
Employee Tax Expert
Mar 9, 2022 1:25:54 PM

In the TurboTax software, please make sure that you pick the correct classification in the software if your 1099-R is fully exempt. 

 

Your pension income is not taxable in New York State when it is paid by:

  • New York State or local government
  • the federal government, including Social Security benefits
  • Certain public authorities

Please follow these steps and make sure all the required fields are completed:

  1. Open your return.
  2. Search 1099-R with the magnifying glass tool. 
  3. Select the Jump-to link at the top of the search results.
  4. Enter the information as shown on your 1099-R. 
  5. Answer the questions on the next two screens.
  6. Make sure the correct source of your 1099-R is selected.
  7. Click on From a qualified plan on the screen Was this distribution from a qualified plan?
  8. Answer the required minimum distribution questions on the next screen.
  9. Finish answering the questions about your 1099-R.
  10. Once you are back to your federal 1099-R summary screen, click on the State on the left hand side.
  11. Click on Continue for New York.
  12. Click Start next to Received Retirement Income on the screen Changes to Federal Income
  13. Click Edit next to your 1099-R.
  14. On the page Pension Deduction Summary, you will see New York deduction for government pensions for the full amount.