dchannam
Level 2

Yes, you are correct, I wasn't clear in my description.

2020 - $30,000 applies to FAGI and 10% Penalty

        - 33,333 applies to FAGI for 2020

        - 63,333 applies to FAGI for 2020, and 33,333 each for 2021, 2022

I'm looking to confirm if the 2020 FAGI of $63,333 can be excluded from NYSAGI as Pensions of the US Government on line 26 of IT-201 as a New York State resident. 

Normal distributions are qualified for the exemption as stated in TSB-A-15(6)I.

Thanks for taking time to reply and take interest.

0 Cheers