Question

The NYS tax form is taxing my NYS pension. That is incorrect. It is treating it like it is a taxable pension minus $20,000. NYS pension is only taxed federally.

Forum|Forum|5 years ago
February 15, 2021
1 reply
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I am entering the information in the same box as previous years but it will not allow EXEMPT as in previous years.

TurboTax Self Employed Online

To get the exclusion to work correctly, try selecting US Government (Including Military) instead of New York State and Local Retirement System (NYSLRS).

Other users have encountered this issue and found that their NYS pension was correctly treated (tax-exempt for BY) selecting US Government (Including Military) as the answer to "Where did this distribution come from?"

R

RZHA

Have the same problem Used that federal "solution" although this is the first year of the ten I have been retired where the problem arose. I reported it by phone to TT on 1/22/2021 and received a case number. I also reported the problem to the NYS Tax Department representative who works with TT. Still no resolution as of the issue. NYS Local and State Employee Pensions are tax exempt in NYS.