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2018 Roth IRA penalty amended return
I received an email from Turbo Tax stating I should file an amended return because "Amending return to remove the additional tax incorrectly calculated on 1099-R distribution converted to Roth IRA." It was stated in the email that I overpaid my taxes, and this amendment would gain me a refund. When I followed the instructions, I ended up with a federal refund of $100, but a Minnesota state BILL for $84! Is this right? Why would federal give a refund, but state require a payment? Plus, it's a lot of hassle for a new $16 refund.
Any thoughts?
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‎September 26, 2019
4:50 PM