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All of the following statements regarding the subtraction of pension distributions from New York state and local governments on the New York return are true

All of the following statements regarding the subtraction of pension distributions from New York state and local governments on the New York return are true EXCEPT:

To be eligible for this subtraction, the distribution must have been included in federal AGI.

The subtraction is reported on Form IT-201 or IT-203.

Those eligible for the subtraction include federal, state, and local employees who receive a pension distribution.

The subtraction is worth up to $30,000 for a joint return ($15,000 for all other filing statuses.)

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