Solved
If I inherited an ira from out-of-state (NY), how do I calculate the "amount previously taxed" in Massachusetts?
No text available
It depends but if the original owner of the IRA never lived in MA, then no amount (zero) will have been previously taxed in MA. (You may need to contact the administrator of the IRA (or the estate) and ask it any IRA contributions were made by original owner as an MA resident).
As a general rule, if the IRA contributions were made by an NY state resident and that individual claimed a deduction for these IRA contributions on his/her federal income tax return then no amount of the IRA contributions will have been previously taxed in NY either.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
