I am Pennsylvania resident working in NY and filing a nonresident NY state tax. I took an IRA distribution in 2019 (I'm over 59 1/2) of $50,000. The IRA was earned from work outside of NY. Turbo tax does is only allowing a $20,000 deduct from this distribution on my total taxable income. This would be the case if I was a resident or IRA was earned from NY source. I have reviewed all the information in the forms and it is correct. Line 28 of the deduct forces the $20,000 maximum. I reported the IRA as NY taxable as "0" when prompted and it shows in the form as such. Has anyone encountered this issues?
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What code are you using in Box 7?
Thank you, but are referencing Box 7 on W2? Social Security Tips?
there's no such thing as 'IRA from NY Sources'.
A state where you are filing non-resident will not tax your IRA income.
Thank you, I understand that, but TurboTax is not properly deducting my IRA distribution from my NY taxable income, that is my issue, I was curious if anyone else was having this problem
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