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Can you deduct a 529 contribution on an IT203 NY nonresident return? I am getting conflicting answers when I research the topic

chiodoinc
Level 4
 
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4 Comments 4
Camp1040
Level 10

You contribute to a 529 plan with after tax funds and then if the distributions meet the education use qualifications then the basis AND earnings are tax free. 

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Accountant-Man
Level 13

I think it only works on a resident return. Is there a deduction line on the non-resident return?

** I'm still a champion... of the world! Even without The Lounge.
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chiodoinc
Level 4

Is there a box to mark for the earnings to be tax free if the distribution is used for education?

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chiodoinc
Level 4

Thank you.  There is a box but when I add the contribution but it doesn't populate it on return so I think it is disallowing it on a nonresident return.  The literature I could find was two years old so I wasn't sure if it was accurate.  I appreciate the feedback

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