Question about Massachusetts taxing of an IRA distribution from a Rollover-IRA account...

BruceR — Sat, 01 Jun 2019 07:41:55 GMT

I have both a Traditional-IRA account and a Rollover-IRA account.

For the Trad-IRA, I know my MA previously-taxed basis. I've never taken any distributions from this Trad-IRA.

The RollOver-IRA was created from a 401K rollover, so none of RO-IRA has ever been taxed by MA. I've never taken any distributions from this RO-IRA.

So, for a distribution and Roth-conversion from my RO-IRA account, I'm assuming that MA taxes the entire RO-IRA distribution amount, correct?

What confuses me is that the MA Schedule X Line 2 worksheet doesn't differentiate where the Roth-conversion distribution comes from.

And since the worksheet talks about "Total" contributions & distributions, should these totals be based on just the Trad-IRA, or the sum of my Trad-IRA & RO-IRA?

As an example, if my Trad-IRA basis is $20K, and I do a distribution/Roth-conversion of $5K from my RO-IRA, and this is my first distribution from either account, does MA expect to tax the $5K Roth conversion or not?

Do I only fill out the Schedule X Line 2 worksheet based on distributions from my Trad-IRA?

Or do I fill out the Schedule X Line 2 worksheet based on all my IRA accounts (both Traditional and Rollover)?

Thank you for any help!

This is answered in the following thread: https://ttlc.in...

BruceR — Sat, 01 Jun 2019 07:41:57 GMT

This is answered in the following thread:

https://ttlc.intuit.com/questions/3086877-massachusetts-taxable-ira-distributions

@BruceR thank you- you caught that one before I saw it

ScruffyCurmudgeon — Sat, 01 Jun 2019 07:41:59 GMT

@BruceR thank you- you caught that one before I saw it

topic This is answered in the following thread: https://ttlc.in... in Retirement tax questions

Question about Massachusetts taxing of an IRA distribution from a Rollover-IRA account...

This is answered in the following thread: https://ttlc.in...

@BruceR thank you- you caught that one before I saw it