A 1099-R was provided for an incorrect state (change of address not timely handled.) How do I correct this?

Forum|Forum|2 years ago
January 19, 2024
1 reply
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I moved from Maine to New Mexico in November 2022. I changed residence for 2023 with my IRA (TDA), but apparently it was not processed in a timely manner as I received two 1099-R; one for Maine and one for New Mexico. Called and was told to contact my tax advisor; hence this request.

I figure I can file a Maine return with NO income and get a refund.

For Fed and NM, how do I add the taxable amount and withholding that the 1099 attributes to ME?

D

dmertz

Employee

"For Fed and NM, how do I add the taxable amount and withholding that the 1099 attributes to ME?"

The ME state tax withholding will be credited on your ME non-resident tax return for which you will receive a refund and cannot be credited on your NM resident tax return.

S

snowflakeAuthor

Employee

Thank you.

One point raised in my original question remains: how do I inform NM of the distribution incorrectly attributed to ME?

Fed is OK and a non-resident ME return is ok (thanks).

A "manual" 1099-R form with the ME distribution amount, but no state withholding, shown with NM information, is what I need, but I don't see how to do that.

Michael

D

dmertz

Employee

I think that on a full-year NM resident tax return TurboTax will automatically treat the entire distribution as NM income. Only on part-year or non-resident state tax return would income need to be allocated by state.