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33222
Returning Member

Why can I subtract 101,108 in income from our New York State tax return

I should have to pay some N.Y. State tax. Why is it zero?
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3 Replies
ChenC
Expert Alumni

Why can I subtract 101,108 in income from our New York State tax return

What kind of income for New York? Is it from state and local governments?

33222
Returning Member

Why can I subtract 101,108 in income from our New York State tax return

Income is from Soc. Sec. Pension. IRA & annuities.  No Govt. income

BillM223
Expert Alumni

Why can I subtract 101,108 in income from our New York State tax return

After you enter each 1099-R, there is a screen that asks what the source of the 1099-R distribution is, like the following screen that appears in the Online product for retirement distributions:

 

Retirement distributions from:

  • US Government (including military)
  • New York State and City Education
  • Certain public authorities
  • NYC Variable Supplemental Funds (VSF)
  • Certain annuity funds
  • Other Pensions of New York State and Local Governments

 

Retirement distributions from:

  • New York State and City Education (optional retirement program)
  • IRA rolled over from a former government pension

What did you check off for each of your distributions?

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