austitus
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Thank you Susan. I checked the link you provided and found this: "Since these plans are not funded by the employer, they wouldn’t qualify for full exclusion but...
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The 457 distribution is reported on W2 box 11, not on 1099. TurboTax does not populate the NYS deduction of $20,0000 max from the W2 box 11
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To get the exemption in Turbotax 2024, enter it on the NYS Pension/Annuities Worksheet, Part II, item 4b as an override, to a max of $20,000, for New York State...
Activity Feed for austitus
- Posted Re: Sec 457 pension distribution is not taxable by New York up to $20k. Turbo tax is not populati... on Retirement tax questions. February 18, 2025 5:25 PM
- Posted Re: Sec 457 pension distribution is not taxable by New York up to $20k. Turbo tax is not populati... on Retirement tax questions. February 7, 2025 4:42 PM
- Posted Re: Where do you enter the exemptions for distributions from a 457b (government) plan? "Identify the Plan" lists Qualified, Non-Qual, Annuity, or Endowment. None apply. on Retirement tax questions. February 6, 2025 7:18 PM
- Posted Sec 457 pension distribution is not taxable by New York up to $20k. Turbo tax is not populating it to pension worksheet. How to navigate to get the $20k deduction? on Retirement tax questions. February 6, 2025 6:29 PM