turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

taxable ira/keogh distributions on MA state tax

I am trying to complete my MA returns today (Marc, 2024) for the tax year 2023 and am a little confused with the word "previous" in both questions for taxable IRA section.

My history for this is - All my contributions to my traditional IRA were non-deductible and made in MA and were therefore taxed by both the Fed and MA (have filed 8606 for 2022 and will be in 2023). I then converted the trad IRA to Roth IRA the same years for 2022 and 2023. 
 
For tax year 2022
I contributed $6000
Converted - $6001
Balance at end of 2022 - $4
 
For tax year 2023 
I contributed $6500
Converted - $6514
Balance at end of 2022 - $0
 
My questions:
QUESTION 1-
"Other Contributions Previously Taxed by Massachusetts":
"Previously", do they mean Taxed non-deductible contributions for 2022 and 2023? In my case this would be $12500 isn't it? 
Or is it just for the year 2022 and not considering what I did in 2023, then it would be just $6000?
 
QUESTION 2-
"Total Distributions Received in Previous Years":
I assume this means total distributed in tax year 2022 and 2033.
So my answer would be $0 as I converted everything in their respective years and never took any money from the accounts. Am I correct?.
 
For my scenario I am thinking the correct answers: $12500 for question 1 and $0 for question 2.
Am I correct here off base?? Any help please.
Thanks!!
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DanaB27
Expert Alumni

taxable ira/keogh distributions on MA state tax

Q1. Yes, you will enter all previously taxed contributions. In your case: $12,500.

 

Q2. It means distributions prior to 2023 and this included the amounts that were converted. Therefore, you would answer $6,001.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies