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I received a 1099-R from my broker out of state with VA withholding, I live in NM. I submitted the 1099-R as NM withholding but need to correct this. How?

 
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DanielV01
Expert Alumni

I received a 1099-R from my broker out of state with VA withholding, I live in NM. I submitted the 1099-R as NM withholding but need to correct this. How?

If you have already submitted the NM return, you will have to wait until it is accepted or rejected.  If accepted, you will have to file an amended return.  If rejected, you may make the correction before re-filing.

You will also want to include a Virginia mistaken withholdings return (Form 763-S).  Virginia does not tax your retirement because you do not live there.  So you will pay NM with what you receive from VA.

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