Thanks Ruth but need to make sure of something. This would be an RMD distribution from the deferred annuity not a pension or basically any annuity distribution.
Are you referring to the $20,000 exclusion for pension and annuity income?
I know the deferred annuity distribution is subject to Federal tax . I know a pension from the State or City of New York is totally excluded. I feel you have referred me to this $20,000 exclusion area. Please confirm.thanks
Just to add on. Again, the teachers tda plan is definitely a 403(b) designated plan and actually a supplemental retirement plan. I receive a separate pension from the New York City TRS plan which is excluded from State not Federal.
Want to make sure this separate tda plan falls under the above publication and Any distribution I do not have to pay New York State tax.
Comments from anyone familiar who has had a TDA DISTRIBUTION is also appreciated.