Massachusetts 2013: Inherited IRA Rollover
When a person inherits an IRA from a spouse who died, the person can elect to roll over that IRA into another IRA. Usually that rollover is not taxable.
Certain Massachusetts customers, who rolled over an inherited IRA, may have filed an incorrect state tax return.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if all of the following apply to you:
- You filed your Massachusetts state tax return prior to March 13, 2014 AND
- You inherited an IRA AND
- You rolled over that IRA into another IRA account AND
- Your federal return includes that IRA rollover amount on Form 1040 line 15a, IRA distributions (or Form 1040A, line 12a) AND
- That amount is not included on your Form 1040, line 15b, Taxable amount (or Form 1040A, line 12b) AND
- Your Massachusetts Form 1 shows that rollover amount on line 9, Other income.
If you are affected, you may have overpaid your state tax. You may need to amend your Massachusetts return.
To amend your return:
- Follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy of your amended state return.
- Your printed return will include instructions on how and where to mail it.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Massachusetts 2013: Inherited IRA Rollover