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Retirement tax questions
Hi @DanaB27, in my case, I did a first time withdrawal from my Roth IRA in 2024 to correct my 2023 excess contributions.
Within the NJ state taxes section,
- Would the 'Value of IRA on 12/31/23' be the value on my statement at the end of the year minus the withdrawal amount since I withdrew it in 2024? (Otherwise, it seems to double count my withdrawal amount in the 'Total Value of IRA' since the statement was given before my withdrawal)
- Within 'Total of IRA contribution previously taxed', do I include the total contributions of my Roth IRA history? Or only the contributions I made while living in NJ?
Thank you!
‎April 1, 2024
4:35 PM