FangxiaL
Expert Alumni

Retirement tax questions

I just did an experiment. The $5000 showed up on Form 1040, but $0 was taxable for federal tax purposes as it is supposed to be. 

But on the NJ return, the $5k is not even showing up as taxable income at all. 

My question to you is, how did you confirm that the Roth distribution was taxed on your NJ return?

By NJ tax law, the Roth is not taxable as long as it meets the requirements for federal purposes.

 

 

@Steve-NJ

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