Client and Wife both worked for NYS, wife 1099-R info shows as other pension and annuity income on NYS return and should show as exclusion

[richvilla123]

 Override will not work for e-file and I do not see anything on the 1099-R schedule to fix this

[Camp1040 · Accepted solution]

State code G on the 1099-R, below the payers state # on the 1099-R worksheet. Not all NYS employess get a tax free pension other than the $20k exclusion for each.

[richvilla123]

That works

Thank you

[MICHAELMARS]

Exclusion is on NY only go code G isnt' the answer.  Go to NY return and click on the pension/annuity worksheet and click government exclusion. 

[Camp1040]

Some older NYS employees may have tier 1, tier 2 or tier 3 pension plans, If they have these older non taxable pensions you use a code G in the state code box so as not to waste the NYS $20,000 Pension, IRA ect exclusion.

Yes, state only, nothing to do with the federal.

Your pension income is not taxable in New York State when it is paid by:

• New York State or local government
• the federal government, including Social Security benefits
• certain public authorities

In addition, income from pension plans described in section 114 of Title 4 of the U.S. code received while you are a nonresident of New York State is not taxable to New York. 

If your pension is taxable to New York and you are over the age of 59 ½ or turn 59 ½ during the tax year, you may qualify for a pension and annuity exclusion of up to $20,000. This exclusion from New York State taxable income applies to pension and annuity income included in your recomputed federal adjusted gross income. For more information on the pension exclusions and other benefits for retired people