The $20,000 New York pension exclusion was not applied in 2024 has it was in previous years. Why not?

1099-R forms for 2023 and 2024 were the same, but the $20,000 new york exclusion was not applied

posted

The only thing I can think of, is you may not have entered the state distribution amount in box 16 of the 1099-R forms (even if empty on your paper/PDF 1099-R forms). You can't get a deduction for NY state retirement income not reported in box 16.

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@Opus 17 Other thoughts?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

The $20,000 New York pension exclusion was not applied in 2024 has it was in previous years. Why not?

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The $20,000 New York pension exclusion was not applied in 2024 has it was in previous years. Why not?