Follow the remainder of your NYS nonresident return.On the page titled New York Income Allocation, enter $0 for the unemployment compensation exclusion as it is fully taxable in NYS.On the page titled New York Income Allocation, enter $10,200 for the NYS portion of your unemployment (since it is from a NYS source).Please follow the steps and the screenshots that are shown below.
In order to assist you further with your question, I have prepared a mock tax return with $10,200 of unemployment as a nonresident of New York receiving NYS sourced unemployment. Or.do I go rogue and enter 0 because NY is not honoring the exclusion? Surely TurboTax doesn't expect us to keep up with this legislation and do all kinds of mental gymnastics/read their mind. Please advise on if I should enter +/- $10,200 and if all other steps I explained here are correct. But, what do I enter in the box? -$10,200 or +$10,200? It seems entering it as a negative number would make better logical/mathematical sense, but it feels unintuitive. I think all of the exclusion is attributable to NY since my unemployment income was all from NY. It's asking me to allocate the unemployment compensation exclusion of -$10,200 (now listed as NY non-resident income) to NY sources. This much I think is right (correct me if I'm wrong) but the issue comes a couple screens later. I put 0 because I received all unemployment income in OH.
#10200 unemployment tax break new york how to
I allocated all of the income to NY but don't understand how to allocate the exclusion.įor the first screen where I am allocating my unemployment compensation exclusion of -$10,200 (listed as federal income here), it asks how much of this exclusion was received when I was a NY resident. All of my unemployment income is from NY sources but was all received in OH. Hi, I have the same sort of question as the last comment. Can you please spell this out more simply with special attn to your double negatives? (-: thanks Since you know the NY tax law concerning the exclusion, this should be calculated automatically since thee are no scenarios where you can exclude the 10,200 form NY income. I am not sure why Turbo tax is doing it this way. "For the New York part, it has to be added, subtracted then added again." I think you mean.the income is added and then subtracted via the negative 10,200 ($-10,200) but how is it "added again?"ĭo you mean to allocate 0 of the negative 10,200 ( $-10,200)-this seems as though it would add the income to NY but EXCLUDE THE EXCLUSION. Do I allocate the whole $-10,200 ( negative number)? So is this not excluding the exclusion? The next screen is asking how to allocate the $-10,200 exclusion.
I am a non resident of NY but my UI is derived solely from NY income. This is different from "not excluding the exclusion" "New York is not excluding the exclusion of the unemployment income" But it is, isn't it? NY is not excluding the first 10,200 of UI from taxable income. I guess my question is what I should enter for the NY source portion? I don't know how the exclusion is handled in terms of being NY sourced. I'm confused why this is the exact number as in the above 1) "NY income allocation" except it it positive in 2) instead of negative. The total amount is auto filled ($XX,XXX), then enter NY source Portion. Enter the New York portion of the unemployment compensation exclusion. If you claimed an unemployment compensation exclusion on your federal return, TurboTax automatically calculates the amount of adjustment below.
Then you enter the amount of New York source income is it the exact same value (-$XX,XXX)? I'd collected NY unemployment and it auto fills the federal Income (-$XX,XXX) (unemployment compensation exclusion).
#10200 unemployment tax break new york software
There are two confusing screens in the turbo tax software when filing my NY taxes:Įnter the amount of federal income that was derived from New York sources.
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