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Please follow the steps below to ensure your NYS exclusion of $20,000 populates on your return:
The 457 distribution is reported on W2 box 11, not on 1099. TurboTax does not populate the NYS deduction of $20,0000 max from the W2 box 11
According to the NY state common questions about the pension subtraction 457 plans are not eligible for this exclusion.
Thank you Susan. I checked the link you provided and found this: "Since these plans are not funded by the employer, they wouldn’t qualify for full exclusion but would qualify for the $20,000 pension and annuity income exclusion under Tax Law section 612(c)(3-a)." I am satisfied with a max exclusion of $20,000 (better than nothing). But TurboTax is not populating it onto the tax form.
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