NY tax on federal retirment TSP rollover

[rj12s]

Turbotax deducts my federal TSP rollover withdrawals from my New York taxable income, but New York is billing me for annuity withdrawals ovef $20,000. Who is wrong--TurboTax or NY state?

[rj12s]

Turbotax deducts my federal TSP rollover withdrawals from my New York taxable income, but New York is billing me for annuity withdrawals over $20,000. Who is wrong--TurboTax or NY state?

[MaryK4]

It depends.  The TSP as a federal government pension, is excludible from your New York state income.  If you indicated in TurboTax that your distribution was an IRA rolled over from a former government pension but the rollover account also had non TSP contributions, you would have been limited to the $20,000 deduction.  If the entire distribution was TSP rollover, you must send the New York proof of the rollover from TSP funds.

Also, did you indicate in TurboTax that is was a qualified plan?  

@rj12s