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ayalastaxes
Level 3
March 7, 2021
Solved

Who qualifies for the $20,000 retirement exclusion in new York State?

  • March 7, 2021
  • 1 reply
  • 10 views

I have a young couple that took early distribution, but the IT-201is not excluding the $20,000 on line 29.

This topic has been closed for replies.
Best answer by sjrcpa

They don't qualify. It's intended for bona fide retirees.

Read the NY form instructions.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
March 7, 2021

They don't qualify. It's intended for bona fide retirees.

Read the NY form instructions.

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