Personal Finance and Investing

Sounds like Minnesota (my state too). Background for non-Minnesotans, the legislature (R) and Governor Dayton (D) couldn't agree with a tax bill that would make Minnesota conform or mesh with the new federal tax law. I've been hearing MN state taxes will be a really big mess. Am hoping that Turbo Tax will make that effortless.


Thanks for the heads up. I'm new to Turbo Tax this year. In the past 35 years, I've used a tax preparer (the same one).


My guess is that some portion of it might not be taxable -- that would involve any contributions you made to traditional IRAs or 401Ks with after-tax dollars, aka "non-deductible contributions". They might not have that information, or enough information to determine exactly how much of your RMD is taxable, and how much isn't.

I have that box checked on my Vanguard Roth conversion. Some of the Traditional IRA that I converted to Roth consists of non-deductible contributions from decades ago. I (my tax preparer really) uses Form 8606 to determine the taxable amount of my Roth contribution.