Turbotax is asking me two questions as it calculates our Massachusetts state return.
It says my IRA/Keogh plan distributions received during 2021 were “X dollars”. Then it goes on, “To determine the taxable amount for Massachusetts, enter the following information” It then asks two questions.
FIRST QUESTION Other Contributions Previously Taxed by Massachusetts (and gives me a box to fill in).
And
SECOND QUESTION Total Distributions Received in Previous Years (and gives me a box to fill in).
Although I have used Turbotax for a number of years now, I admit that I still don’t remember the terms and categories used in the tax world.
In the first question, I am not sure what Turbotax wants. I usually think of “contributions” as “giving to the Red Cross” and things like that. And the term “previously taxed by Massachusetts” implies that it was done last year or even before that. So that you understand better my situation, here is some information about my situation.
Our income this year (i.e. mine and my wife) comes from the following:
One 1099-R form from ”A” investments which is for retirement income from the “Y Corporation.” This is the “X dollars” that is part of the question.
Four1099-R forms from “B”, which is retirement income from the “Y Corporation” for me before they changed their retirement program.
Two 1099-R forms from ”B”, which is retirement income from the “Y Corporation” for my wife.
One 1099-R form from DFAS which is retirement income from many years in the Air Force.
One 1099-DIV form from “C” which is from an old investment by my wife.
Two SSA-1099-SM forms from Social Security, one for each of us.
The second question, Total Distributions Received in Previous Years, is also a little confusing. My guess would be that they are interested in retirement pay. I have been retired from the Air Force since 1982. I do not have data going back that far.
Any help you can give me would be appreciated.
