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1099-R Distribution
I received a 1099-R distribution (over 65 and retired). In the state of New Jersey, they tax your contributions to your 401k in each pay check. Unlike Federal where you pay the taxes at the time you withdraw . The problem
is there is no way to exclude the distribution amount in turbo tax. I should not have to pay state taxes on the amount I withdrew. My investment company told me the money I received was all from my contributions and didn't include any profits.
Any Help would be great.
‎February 11, 2023
6:11 AM