You will need to include the excess contribution amount in the contribution amount previously taxed during the NJ state return. On the “IRA Information” screen:
- If this is the first year of withdrawal then select “Yes, this was the first year of withdrawal from this IRA” enter your contribution (including the excess contribution for 2024) next to “Total of IRA contribution previously taxed”
- If you withdrew funds before 2024 then select "No, I've made withdrawals from this account before" and click “Continue” and enter on the “IRA Withdrawal” screen your contribution (including the excess contribution) for 2024 next to “Taxable Contributions Made to IRA during 2024”
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