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

ayalastaxes
Level 3

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

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sjrcpa
Level 15

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

Read the NY form instructions.


ex-AllStar

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1 Reply 1
sjrcpa
Level 15

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

Read the NY form instructions.


ex-AllStar

View solution in original post