Under where is the 1099-R distribution from

[DianeW777]

If you are referring to the screen 'Who gave you a 1099-R?' (TurboTax Online), you would select 'Financial Institution or Other Provider' (see image below).

If you do not have a pension from the federal government or the Railroad Retirement Board, do not select those options.  The taxable amount for these pensions or retirement plans has special worksheets to determine the taxable amount and a cost in the plan (after tax contributions by the employee) that can be recovered as the pension is received.

Please update here with more details if you need further assistance.

[markedward53]

Thank you for your response.  My question got truncated somehow.  What I am baffled by is on Turbotax's next screen which I pasted below.  Under what conditions would I choose "Not eligible for exclusion for those over 59 1/2"?

[LenaH]

Per NYS, pension and annuity income that is not eligible for exclusion for those over age 59 1/2 include:

• Distributions received from a  nongovernment pension plan as a nonemployee spouse in accordance with a court-issued qualified domestic relations order  (QDRO)  or in accordance with a  domestic relations order (DRO)  issued by a  New  York court.
• Distributions received as a result of an annuity contract purchased with your own funds from an insurance company or other financial institution. The payments are attributable to premium payments made by you, from your own funds, and are not attributable to personal services performed. 

Otherwise, your pension might qualify for full exclusion or a deduction of up to $20,000 per taxpayer.

A pension is eligible for exclusion if it is a distribution received by officers and employees of the United States, New York State, or local governments within New York State. These types of pensions are fully exempt from New York State, New York City, and Yonkers income taxes. 

Any other type of pension may qualify for a pension and annuity exclusion of up to $20,000 in NYS, as long as you are or turn 59 ½ during the tax year and your pension is:

• included in federal adjusted gross income (FAGI);   
• received in periodic payments (except IRA or Keogh); 
• attributable to personal services performed by the individual before their retirement; and 
• from an employer-employee relationship or from an employee’s tax-deductible contributions to a retirement plan.

Publication 36

@markedward53

[markedward53]

Thank you LenaH!  I could not answer "none of the above" without knowing what is not eligible for exclusion.  I wish TurboTax would include that info in a help popup for that item.

[23-2384840]

Wells Fargo Clearing Services, LLC

[PatriciaV]

@23-2384840 Please clarify your question about Form 1099-R.