Massachusetts Taxable IRA distributions (RMD)

[amt_blues]

Decades ago when I left a company, I rolled over my 401K into two IRA mutual funds. Through the years, I have not contributed to any IRA, and both mutual funds have made gains.

I withdrew my first RMD from one of the two mutual funds in 2019, including for 2018.

I'm filing the 2020 return, what should I enter for "Other Contributions Previously Taxed by Massachusetts", and for "Total Distributions Received in Previous Years"?

Thanks.

[DanaB27 · Accepted solution]

If you did not make any after-tax contributions to the IRA then you will enter $0 for "Other Contributions Previously Taxed by Massachusetts"

For "Total Distributions Received in Previous Years" enter the amount you withdrew in 2019 since this was your only distribution.

[amt_blues]

Thanks for the response.

Just want to confirm that "Total Distributions Received in Previous Years" is accumulative. For my next year's (2021) filing, I would enter the combined RMDs for 2019 and for 2020. And so on.

[DanaB27 · Accepted solution]

Yes, it is accumulative.

[amt_blues]

Thanks.