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Level 2
posted Jan 19, 2024 3:21:03 PM

A 1099-R was provided for an incorrect state (change of address not timely handled.) How do I correct this?

I moved from Maine to New Mexico in November 2022.  I changed residence for 2023 with my IRA (TDA), but apparently it was not processed in a timely manner as I received two 1099-R; one for Maine and one for New Mexico.  Called and was told to contact my tax advisor; hence this request.

 

I figure I can file a Maine return with NO income and get a refund.

 

For Fed and NM, how do I add the taxable amount and withholding that the 1099 attributes to ME?

0 4 377
4 Replies
Level 15
Jan 19, 2024 5:52:13 PM

"For Fed and NM, how do I add the taxable amount and withholding that the 1099 attributes to ME?"

 

The ME state tax withholding will be credited on your ME non-resident tax return for which you will receive a refund and cannot be credited on your NM resident tax return.

Level 2
Jan 20, 2024 11:18:12 AM

Thank you.  

One point raised in my original question remains: how do I inform NM of the distribution incorrectly attributed to ME?

Fed is OK and a non-resident ME return is ok (thanks).

A "manual" 1099-R form with the ME distribution amount, but no state withholding, shown with NM information, is what I need, but I don't see how to do that.

 

Michael

Level 15
Jan 20, 2024 11:31:19 AM

I think that on a full-year NM resident tax return TurboTax will automatically treat the entire distribution as NM income.  Only on part-year or non-resident state tax return would income need to be allocated by state.

Level 2
Jan 20, 2024 11:42:14 AM

That would be great.  When I switch from FED to state, I'll check to see if that happens.