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.

SL40
Level 1

Backdoor Roth IRA entry causes MA State Tax

I did a backdoor Roth IRA in 2023 ($5900 for 2022 Financial Year and $6400 2023 Financial Year). My IRA provider has given 1099-R that shows a total gross distribution (box 1) of 12,300. I did convert all the money to Roth IRA (backdoor roth).

 

When I follow the instruction given below, the state tax liability went up approx. by $620. Is there any other step that I need to do to ensure the "after-tax" money that I converted from Traditional IRA to Roth IRA for backdoor is not taxed again?

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...

 

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

Backdoor Roth IRA entry causes MA State Tax

You will need to enter your total traditional IRA contributions and any distributions you took in previous years on the "Taxable IRA/Keogh Distributions" screen during the MA state interview.

 

**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