- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Hi @DanaB27
I have one follow up question here: When filling the state tax return (New Jersey), it asks on a screen:
Roth Conversion for You
Enter the following information to determine the New Jersey taxable amount of your Roth conversion
[Company name] total distribution of 14yyy.
Value of account on date of distribution: 14yyy
Contributions related to this distribution previously taxed by New Jersey: 12000. <-- This is what it should be, right? Since the 12K is the non deductible amount, and will lead to a taxable amount in New Jersey to be 2yyy, which is what I'd expect.
‎April 26, 2021
10:07 AM