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Massachusetts return - What is this pension/annuity form?
I just filed my state taxes, and included an annuity we inherited from my husbands father. It's supposed to be exempt from MA state taxes since it was due to death, and it was a public/state employee pension/annuity. That part came out accurate, but because I marked it as waived, it's making me file by mail. I printed my return and it has an additional form that says:
Additional Information from your 2020 Massachusetts Return
Form 1: Resident Tax Return
Taxable Pensions and Annuities
Explanation: 10 Year Average Pension
My question is, what does "10 Year Average Pension" mean? I tried googling it and found nothing. I want to make sure I entered everything correctly.
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March 3, 2021
3:10 PM