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ythorneley
March 6, 2025
Question

Where do I enter an income exclusion for pension receieved as a beneficiary. It should be up to $20,000. it was included in last years tax return

  • March 6, 2025
  • 1 reply
  • 0 views
it isn’t a NYS, local government, or federal pension and the decedent would have been entitled to it

1 reply

AmyC
AmyC
Employee
March 8, 2025

The decedent was entitled to the $20,000 exclusion. The beneficiaries must divide that up and receive their share of the $20,000. If you are the sole beneficiary, you qualify to take the full $20,000.

 

See NY Pub 36.

 

 

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