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457b NJ question
I left my employer and elected to take my non government 457b over 3 yearly distributions. The first occurred last year. New Jersey taxes were paid on the contributions ( I believe). I received a W2 (not 1099R) for the first distribution taken last year. Turbo tax wants to add the total W2 amount to my income. Using the General rule, I can calculate my taxable portion vs my excluded portion for NJ tax. How do I a report my income in Turbo tax as the program defaults to adding the complete W2 listed amount to my income?
‎January 25, 2021
8:18 PM