Hi, I had a rollover into IRA in 2021 from an employer 401K last year and was shocked that NJ charges income tax on the entire amount. My 1099R does show G as distribution code. According to Turbo tax instructions, NJ has a different rule than federal and that unless you paid taxes on these contributions, the rollover is taxable income. I would assume the contributions were not taxed in NJ since they were not taxed Federal. Does Turbo Tax have a glitch or am I understanding something wrong?
Thank you!
