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Handling inherited IRA distribution on a NYS return

lewis bronx
Level 1

Taxpayer, 50 y.o, was a 33.33% beneficiary of an 80 y.o. decedent's IRA.  New York excludes up to $20K of retirement distributions and in this case, the taxpayer was one of 3 beneficiaries and therefore is eligible to exclude 33.33% of $20K.  I can get Lacerte to apply the 20K exclusion by checking these boxes on screen 13.1, but how do I get it to apply the 33.33% allocation?   

Screenshot 2024-02-13 at 5.33.33 PM.png

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1 Comment 1
violajr
Level 3

Not familiar with Lacerte but in Proseries this is done in NY State on the Pension/Annuity Ira worksheet for the corresponding 1099-r from the federal return,.

There are question for the Decedents Date of birth, and percentage of distribution.

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