how to subtract ny pension

[user17725687268]

ny deduction for goverment pensions

[LeticiaF1]

Residents 59 1/2 and older can exclude up to $20,000 of qualified non taxable pensions in the state of New York.  To make sure TurboTax calculates the exclusion on your return:

1. Open or continue your return.
2. Go back through your entries for your 1099-R on your federal return.
3. Edit for your New York return.
4. Follow the on-screen instructions until you reach Changes to Federal Income.
5. On this screen, select Start next to Received retirement income.
6. On your Retirement Distributions Summary, select Edit next to the pension you’re reviewing. If no more info is needed for your state return, you’ll see the message We don’t need any further information about the retirement distribution.
7. If New York needs more info for your pension distributions, answer the questions on the following screens, until you return to your Retirement Distributions Summary.
8. Select Done.

If you qualify to take the deduction, you will be able to see the deduction on the Pension Deduction Summary. 

Is my pension distribution taxable in New York?