Question

Live in NH, filing a NR-1 for MA. Question on Investments/Retirement accounts

Forum|Forum|4 years ago
March 5, 2022
1 reply
0 views

I live in NH and work in MA. So I need to file the NR-1 for MA. When entering the Pensions and Annuities Summary, under the Federal Taxable Pension and Annuities section, the question is this retirement distrubtion an excludable distribution for MA? the option Yes, this distribution is excludable (This does not include rollovers) or No, this distribution should not be excluded or the distribution is a rollover to another retirement account. So in this case, I should select No if I roll it over to another retirement account?

Also, do I need to report Capital Gains from Investments if I don't live in MA?

Thanks

TurboTax Premier Online

R

RaifH

No, your capital gains should not be included in your MA-sourced income. If they feed through from your federal return, you may need to click Edit on them and select the box that says Non-Massachusetts sourced.

Likewise, the retirement income should not be considered Massachusetts sourced. If you rolled it over, it should not be taxable federally or by Massachusetts and you can select No.