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Old 03-27-2002, 03:23 PM
Bexec
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NYS Income Tax - line 28 form IT-201

I am the beneficiary of a decedent's (age 84) private annuity. Is this amount deductible on line 28?
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Old 03-28-2002, 07:06 PM
loku
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Up to $20,000 of the annuity income would be deductible, but only if the annuity was from certain types of employee pensions or annuities of the decedent . This is explained in detail in the instructions to line 28 of the return.
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Old 04-03-2002, 06:24 PM
Bexec
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Thank you for taking the time to respond to my question. The instructions for line 28 are "detailed" as you say but this college-educated math major had read and re-read them several times and was still confused. Finally "bit the bullet" and called NY State - three times - all agreed it was a legimate subtraction.
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