topic I got a 1099-r from another state (NH) is that taxable in MA? in Retirement tax questions

I got a 1099-r from another state (NH) is that taxable in MA?

lclarknh — Sat, 01 Jun 2019 06:58:12 GMT

If you are a Mass resident or were when you received it,...

MaryK1 — Sat, 01 Jun 2019 06:58:14 GMT

If you are a Mass resident or were when you received it, it is taxed in Mass. Public Law 104-95 (P.L. 104-95) allows the state of residence to tax and prevents any state from taxing income from certain pensions and deferred compensation plans paid to individuals who are not residents or domiciliaries of that state.

A Massachusetts resident may deduct income received from a contributory annuity, pension, endowment or retirement fund of another state or its political subdivisions if:

the other state has a specific income exclusion for pension income which applies to Massachusetts state or local contributory public employee pension plans; or
the other state has a specific deduction or exemption for pension income which applies to Massachusetts state or local contributory public employee pension plans; or
the other state has no income tax.

But this is what the MA tax law says "A Massachusetts re...

lclarknh — Sat, 01 Jun 2019 06:58:16 GMT

But this is what the MA tax law says "A Massachusetts resident may deduct income received from a contributory annuity, pension, endowment or retirement fund of another state or its political subdivisions if:

the other state has a specific income exclusion for pension income which applies to Massachusetts state or local contributory public employee pension plans; or
the other state has a specific deduction or exemption for pension income which applies to Massachusetts state or local contributory public employee pension plans; or
the other state has no income tax." It's a little confusing

Yes, I understand what you mean- essentially Mass taxes i...

MaryK1 — Sat, 01 Jun 2019 06:58:16 GMT

Yes, I understand what you mean- essentially Mass taxes it because you are a resident but THEN allows you to exclude it under the public pension exemption. So it has to be included then removed. Let me check in Turbo Tax for you.

Thank you!! It is so confusing

lclarknh — Sat, 01 Jun 2019 06:58:18 GMT

Thank you!! It is so confusing

Updating...

MaryK1 — Sat, 01 Jun 2019 06:58:22 GMT

Updating...

Well now another question...I had the same thing last yea...

lclarknh — Sat, 01 Jun 2019 06:58:24 GMT

Well now another question...I had the same thing last year and I didn't see this part so I got taxed...can I get that money back?

In doing my Turbo tax return for Mass., where do I post o...

fdimaggio — Sat, 01 Jun 2019 06:58:26 GMT

In doing my Turbo tax return for Mass., where do I post on Schedule Y, line 13, “deductible amout of qualified contributory pension income from another state"?