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Level 2
April 3, 2022
Question

New York State government pension subtraction

  • April 3, 2022
  • 1 reply
  • 21 views

This is my first year with ProSeries and I can't figure out how I can subtract a New York state government pension from New York taxable income. The entire pension is exempt, but I can only see how to enter an exclusion for $20,000.

Thanks, John

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1 reply

Camp1040
Level 10
April 3, 2022

NYS exempts the first $20,000 of pension income. If you have a total NYS exempt pension then may not be entering the correct code on the 1099-R. I think the code is G box 15 1/2

johnmcpaAuthor
Level 2
April 3, 2022

Thanks very much!

Camp1040
Level 10
April 3, 2022

Did it work?

You're welcome.