NYS K-1 for 1041

Technical topics regarding tax preparation.
#1
philly  
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14-Sep-2014 4:48am
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New York
Trust has been named as the beneficiary of an IRA. 2021 is the final year of trust and the IRA has been distributed to the trust.
On the final NYS K-1 would the resident beneficiaries get the benefit of the the NYS pension exclusion of $20,000 ?
The $ 20,000 would have to be allocated to the beneficiaries.
 

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