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?
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.
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