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Annuity funded from a 401(k) in NJ
The 1099-R I receive for an annuity I funded from a 401(k) has IRA/SEP/SIMPLE checked. TT treats it as an IRA distribution on the federal forms. Is this cause for concern?
It seems to me that it is a cause for concern on NJ state forms. In NJ, money put into a tradition IRA is taxed as income while money put into a traditional 401(k) in 1984 or thereafter is not taxed. How do I persuade TT to treat the annuity appropriately on NJ state forms? Furthermore, how do I deal with my 401(k) including contributions made prior to 1984?
‎April 10, 2025
3:24 PM