- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Massachusetts doesn't tax Roth IRA distributions as long as you have had the account for five years (which obviously you have) and meet at least one of the following conditions-
You're at least 59 and a half
You're disabled
You're dead and the money is being paid to a beneficiary
You're a first time homebuyer and you're using the money for that
If you meet one of those (and you're also clearly not dead) then it's not taxable. Otherwise Michigan does tax the distribution.
Here's a good thread on this subject.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 31, 2024
4:16 PM