jamessite
Level 3
02-02-2025
07:18 PM
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If a child living in NY inherits an IRA from an 80-year-old parent who lives in Alabama for $50000, can the child use the $20000 pension deduction on NY State return even if the parent did not live in NY. I understand the child can use the $20000 exclusion if the parent was eligible to use it, but since the parent was not a NY State resident, can it still be used.
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