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Your question is about making input but the more important question is whether you have already reviewed the income tax treaties as well as the protocols to determine the appropriate reporting positions. Federal income tax treatments for social security benefits from France and Germany are very different.
In terms of input, foreign social security benefits are fundamentally treated as pension for US tax purposes; you may, therefore, enter them on Line 4 or Line 5. My preference in this case would be to use Line 5 (i.e. Screen 14.1).
NY generally follows all federal income tax treaties. In other words, no NY adjustment would normally be required for treaty positions taken.
Your question is about making input but the more important question is whether you have already reviewed the income tax treaties as well as the protocols to determine the appropriate reporting positions. Federal income tax treatments for social security benefits from France and Germany are very different.
In terms of input, foreign social security benefits are fundamentally treated as pension for US tax purposes; you may, therefore, enter them on Line 4 or Line 5. My preference in this case would be to use Line 5 (i.e. Screen 14.1).
NY generally follows all federal income tax treaties. In other words, no NY adjustment would normally be required for treaty positions taken.
That is a nice response. Can you send me a link to an article or some authority that would corroborate your view point. I am particularly interested to know whether foreign pension (that was treaty exempted from fed t/r) would be ALSO exempted from NY state t/r. I'd really appreciate.
LN.
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