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TT is not excluding 20,000 of my IRA distributions from my NYS taxable income.

 
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2 Replies
ThomasM125
Expert Alumni

TT is not excluding 20,000 of my IRA distributions from my NYS taxable income.

That deduction should be automatic once you enter the pension income in the federal section of TurboTax. You must be a minimum of 59 and half years old to qualify. I suggest you look on your federal return to insure that your pension is showing as taxable on line 5(b) of Form 1040, if not then it would not be deducted on your state return:

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done
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TT is not excluding 20,000 of my IRA distributions from my NYS taxable income.

Thank you. After puzzling for an hour and digging into forms (before I got your reply), I gave up, closed TT and had dinner. I reopened and it's now working... weird and one of many TT idiosyncrasies. But I greatly appreciate your prompt and clear reply! 

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