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Level 4
April 22, 2021
Question

Coronavirus-related distributions

  • April 22, 2021
  • 1 reply
  • 6 views

How do you enter in a New Jersey individual the $100,000 coronavirus-related distributions that were paid back?  NJ seems to be taxing the entire distribution even though it is coded correctly in the federal 1040.

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1 reply

dkh
Level 15
April 24, 2021

Let's clarify some information:   your client took the $100,000 in 2020 but qualified for a rollover for some of the money?