rouge_prince001
Returning Member

401k withdrawal

I took a withdrawal from my 401k after I turned 59 1/2.  I used the three-year rule method, though I'm not sure of which method to use.  I'm not retired; I'm still working for the same company.  With the 3-year rule, turbo-tax is asking, in the New Jersey portion, for numbers for "annuity cost (basis)" and "cost recovered in prior years."  

 

What am I calculating to put there?  Am I using the correct method --- the 3-year or the general method for a 401k withdrawal?   The hyperlinked note doesn't tell me what I need to do.  Help!

 

Rouge Prince 001