Amy C,
Thanks for the info, but this is about 1) a rollover from a 401k to my personal IRA and 2) making a one time withdrawal from my IRA that qualified for the CARES act last year.
I understand I can spread the taxes on the withdrawal over 3 years for federal tax, but the total of both appear to be showing up as income on my NJ income tax return and charging me NJ tax for it.
As I understand 1) these funds WERE taxed by NJ when I deposited them, 2) I shouldn't have to pay NJ tax on them again. I'm trying to find out why TurboTax is not calculating (or moving it over from federal return) correctly. Do I have to even list them on my NJ return? And if so, how do I show them as exempt from NJ tax?
Thanks.
