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Old 03-29-2002, 04:38 PM
Bexec
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Inherited annuity - New York State

I am the beneficiary of a private annuity. The decedant was 84 years old. Is this deductible on line 28 - New York Income Tax Form IT-201?
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Old 04-03-2002, 01:15 PM
loku
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If the annuity was from a qualified pension fund, IRA or other periodic payment for services the decedent performed as an employee, then you can deduct the annuity income on line 28, up to a maximum of $20,000.

For more details, see the instructions to NY Form IT-201 at page 21.
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