Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
christineonlyno
New Member

Re: the New York State form IT-201, New York Subtractions, line 29 "Pension and Annuity Income Exclusion" ---does the $20,000 apply to my Traditional IRA distribution?

 
1 Reply
jskauf
New Member

Re: the New York State form IT-201, New York Subtractions, line 29 "Pension and Annuity Income Exclusion" ---does the $20,000 apply to my Traditional IRA distribution?

You can exclude up to $20,000 from a traditional IRA distribution if you were more than 59.5 years old before 1/1/2017. The only restriction is you cannot exclude payments made from contributions after you retired.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.46m
Members

2.57m
Discussions

Manage cookies
v