turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

diehl61
Returning Member

How is the New York state amount on line 29 calculated. It is a NYS subtraction for Pension and Annuity income. It appears that I enter an amount in the Federal section and it some how comes up with different NYS amt. I would like to understand so I can e

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
JohnW152
Expert Alumni

How is the New York state amount on line 29 calculated. It is a NYS subtraction for Pension and Annuity income. It appears that I enter an amount in the Federal section and it some how comes up with different NYS amt. I would like to understand so I can e

The Form IT-201 Line 29 calculation can be somewhat complicated. 

Please see Line 29 – Pension and annuity income exclusion in the Instructions for Form IT-201, Full-Year Resident Income Tax Return for guidance.

diehl61
Returning Member

How is the New York state amount on line 29 calculated. It is a NYS subtraction for Pension and Annuity income. It appears that I enter an amount in the Federal section and it some how comes up with different NYS amt. I would like to understand so I can e

  • Thank you for your email.
    Let me reword the question. 
    I am familiar with the tax code for line 29 that you refer to but...
    How does turbo tax calculate the amount?
    It gets the amount from distribution of IRA on the fed form but the amounts are quite different. Please explain.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies