Hi @fanfare , I found out more and it gets interesting. Apparently, for the distribution code of 8J in 1099-R (Return of Excess Contribution) which is what I have, NJ incorrectly taxes the full contribution and not just the earning. So the question becomes how can I circumvent this excess tax? How can I override the taxable amount from the full $6713 to $213?
Or should I file my NJ taxes off-line? Is there a way to download the current NJ forms and edit them manually and then mail them?
Also, yes, I'm planning to contribute $7000 to traditional IRA (for backdoor Roth conversion) for both me and my wife each for 2024 before April 15, 2025 and that's why the answer in line 4 is 14,000.
I'm using the latest version of TurboTax in the browser which I believe is 2024. I am below 59 1/2.
Thanks for all your help.
