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ProSeries Frequently Asked Questions

Massachusetts Individual Pension Amount from a 403(b) Plan May Incorrectly Flow from the Federal Return as 100% Taxable

Products Affected:

  • ProSeries/Massachusetts Individual
  • ProSeries Basic/Massachusetts Individual

Situation

The federal pension amount flows to the Massachusetts individual tax return as 100% taxable, even when it may not be fully taxable.

Workaround

In the Pensions and Annuities Smart Worksheet on Form 1, make an adjusting entry to back out the amount previously taxed.

This situation has been reported to our development team.

Tax Year: 2007
Last Updated:  11/07/2008

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