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Withdrawal of Roth IRA contributions before 59
I’ve read this is a problem people have had in the past. I am under 59 and withdrew money from a Roth IRA that was only contributions - no earnings. federal is not racing me on it but NJ is. On my 1099R there is a code J and it has the box checked taxable amount not determined.
I’ve had this for more than five years and this is the first time I withdrew. I only withdrew from it because I thought I would not be taxed by just taking out my contributions… and my withdrawal was less than my contributions amount. Importing from federal taxes - NJ still taxes me. Do I even have to report it in my taxes to NJ. I read somewhere on Google you don’t have to include it. I gave the proof these were all contributions if IRS reaches out to me, but I rather submit it if I can get the NJ turbo tax to work correctly….. any advice?