Question

In March 2024, Julliet moved permanently from New York to Florida. During that year, she received $75,000 of federally taxable pension income from a qualified retirement plan. Of this, she received $50,000 after she became a Florida resident.

How is the $50,000 of pension income received while a Florida resident treated on Julliet's New York return? The amount is:
Fully taxable.
Taxable to the extent it relates to New York employment.
Taxable to the extent it is excluded from Florida taxable income.
Not taxable.

Answer 1

Taxable to the extent it relates to New York employment.

Reason: As a part‑year resident, New York taxes all income received while you were a NY resident and only NY‑source income while you were a nonresident. Pension payments received after she became a Florida resident are NY‑taxable only to the extent they are attributable to services performed in New York (i.e., relate to NY employment); any portion not tied to NY employment is not taxable by New York.