I did a first time ROTH conversion in 2022. In March 2022, opened a new Traditional IRA account. Contributed $6,000 to Traditional IRA and then converted $6000.10 to ROTH IRA very next day.
I have completed Federal Income (1099-R) and Deductions using the steps described @https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US.
Now I am doing my NJ state return. It is asking me following questions:
"Enter the following information to determine the New Jersey taxable amount of your Roth Conversion"
For Total Distribution of $6,000:
1. Value of Account on Date of Distribution: ?
2. Contributions Related to This Distribution Previously Taxed by New Jersey: ?
Could you please help if you have done this for New Jersey or other states?
Thanks a lot!
