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xxxjimbo
New Member

Why were my pension reductions from NY return greatly reduced?

 
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Accepted Solutions
Anita01
New Member

Why were my pension reductions from NY return greatly reduced?

You would need to return to the federal program an review your 1099- r entries.  After you enter the form, you continue until you come to a screen where you choose the source of the pension.  Your entry there determines the taxable portion in NY.


Enter 1099-R in the Find window in the federal program, hit enter, then click the Jump To.

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4 Replies
Anita01
New Member

Why were my pension reductions from NY return greatly reduced?

You would need to return to the federal program an review your 1099- r entries.  After you enter the form, you continue until you come to a screen where you choose the source of the pension.  Your entry there determines the taxable portion in NY.


Enter 1099-R in the Find window in the federal program, hit enter, then click the Jump To.

xxxjimbo
New Member

Why were my pension reductions from NY return greatly reduced?

No
There is no taxable portion
All NY teacher pensions and military retirement pension
Are fully deductible from federal income
xxxjimbo
New Member

Why were my pension reductions from NY return greatly reduced?

Unless there has been a recent change
If so where’s the scale to explain it?
Anita01
New Member

Why were my pension reductions from NY return greatly reduced?

Then you made an error when you chose the source of the plan in the federal program, as I suggested earlier.  Follow the prior instructions to correct it.

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