In 2020, I both had a rollover from a 401k to my personal IRA (due to employer closing) and a small withdrawal from my same personal IRA.
I've entered all the data correctly in TT deluxe federal from both 1099-R forms.
When I get to NJ forms, the total amount for both the withdrawal AND rollover are showing up as income on line 20a (and the box above showing the full amount under Taxpayer and zero under spouse). Nothing is listed in 20b "Excludable Withdrawals".
My question is that all these funds (withdrawal and rollover from 401k to IRA) come from accounts that were already taxed in NJ (I read that 401k contributions are taxed by NJ at the time of contribution)
So why does it appear that the total withdrawal and rollover amount on my NJ form is being taxed?
BTW - when I did it the first time, the rollover showed as income for both my spouse and myself and the owed taxed jumped up. Now going thru it with the TT online help, it only shows on NJ as my income, but the total taxes due haven't changed.
Thanks!
