eddieebear
Level 1
12-07-2019
07:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Best Answer Click here
Labels
itonewbie
Level 15
12-07-2019
07:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes, to the extent the taxpayer does not have a basis for NJ tax purposes and the earnings are not from tax-exempt NJ or federal obligations.
In other words, the distribution will be taxable if that's a pre-tax 401(k) and partially taxable for other types of plans.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
George4Tacks
Level 15
12-07-2019
07:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When all else fails, read the instructions https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf I think you will find what you need on page 21ff.
Answers are easy. Questions are hard!
