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June 21, 2022
Question

Schedule X, Form 1, MA

  • June 21, 2022
  • 1 reply
  • 0 views

Can you provide the source or regulation reference in MA that stipulates that:

 

"Since Massachusetts does not allow a deduction for amounts originally contributed to IRA or Keogh, the distributions are NOT taxable until the full amount of our contributions which were previously subject to MA taxes are recovered"

    1 reply

    SteamTrain
    Employee
    June 21, 2022

    Check the FULL instructions for line 2 of the Schedule X.   It starts on page 19 of the MA Form 1 "Instructions" available as a PDF at the following URL:   Other details are also provided in that PDF

     

    2021 Massachusetts Personal Income Tax forms and instructions | Mass.gov

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    Employee
    June 21, 2022