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Retirement tax questions
Thank you very much. Just one more question? I am no tax expert, so I may be confused, but your reply says "According to NJ state sources you would use the Three-year Rule Method to exclude your pension so it is not reported as taxable income until the payments you receive from the plan equal the amount you contributed. "
But then you say: "you will indicate that this is the General Rule". Is there a contradiction here?
Thank you!
March 31, 2022
1:00 PM