Excluding payments for non qualified plans from NYS taxes

Forum|Forum|3 years ago
February 8, 2023
1 reply
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I live in NJ and work in NY. I recently switched jobs in NY and I receive a pension from the Firm in NY that I left. For monthly payments from my qualified plan I receive a 1099R and am able to report the pension income for Federal and NJ and exclude from NY. I also receive monthly payments from the non-qualified plan which is reported on a W-2 in box 1 as wages but not in box 11 (non qualified plans). The total of the non qualified payments also appears in 14 as 'other SUPP PEN'. I've read articles that payments from a non qualified plans that last for life should be excluded from NYS taxes but I don't know how to get that reflected in Turbo Tax. Am I right that these payments should be excluded from NYS and, if yes, how do I do that in Turbo Tax.

mglauner

If you have no New York income, you don't need to file a New York return.

Your pension payments (of any kind) get reported in your Resident State only, since you did not live in New York at all (unless NY tax was withheld).

Here's more info on Non-Qualified Pension Payments.

Why Would I File a Non-Resident Return

E150Author

Thanks so much for responding. The non-qualified payments are reported as wages in box 1 of my NYS W-2 (from the Firm I left) and also reported in box 14 listed as 'Other - SUPP PEN'. Right now turbo tax is including in my NY tax return as taxable wages. I have to file a NYS tax return as I'm working for another Firm in NY where I do have taxable wages. How do I get turbo tax to exclude these supplemental pension payments from this non qualified plan that are included in box 1 from my former Firm? Thanks again!