aborges
New Member

Retirement tax questions

If you are under 59 1/2 and take a distribution from your Roth IRA - what amount is taxable on the Massachusetts tax return?

 

Is it the same as federal    (gross distribution less contributions - excess taxable (assuming held 5 years plus)

 

or is it the entire gross distribution because you are under 59 1/2.

 

the MA website is not clear to me.

 

Thanks for your help.