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ubgrad
New Member

My New York State pension is federally taxed but is exempt from tax onNY state return, yet it still shows as taxable income on my state return. How do I fix that?

 
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3 Replies
FangxiaL
Expert Alumni

My New York State pension is federally taxed but is exempt from tax onNY state return, yet it still shows as taxable income on my state return. How do I fix that?

When you enter your 1099-R form, on the screen that asks What kind of retirement plan do you have with trs?, select Qualified plan. 

 

 

 

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ubgrad
New Member

My New York State pension is federally taxed but is exempt from tax onNY state return, yet it still shows as taxable income on my state return. How do I fix that?

My pension is from NYS teachers retirement. I did fill in anything but NY state when I entered my 1099-R. I also checked NY S retirement and qualified plan. Still shows as taxable income on state return

 

DaveF1006
Expert Alumni

My New York State pension is federally taxed but is exempt from tax onNY state return, yet it still shows as taxable income on my state return. How do I fix that?

I have created a scenario in Turbo tax online and did the same thing you did. I then verified to see if there was a subtraction made in the NYS tax summary and it reported the subtraction correctly.

 

To verify, go to tax tools>tools>view tax summary>view the NYS Tax summary. Look at the New York Subtractions in the summary to see if the amount of the pension is being substracted.

 

@ubgrad

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