No. IRA contributions are not taxable in New Jersey, but earnings are. You must determine who much was of the total account was contributions and how much was earnings.
The NJ return includes a worksheet to keep track of your remaining after-tax contributions each year, since it is withdrawal proportionally to taxable IRA income and not all at once.
Interest, dividends, and other earnings credited to an IRA are taxable when withdrawn, as are any amounts
that were rolled over into an IRA tax-free from a pension plan.
GIT-2 -IRA Withdrawals
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
