jjh_nj
New Member

Retirement tax questions

Try again.   The problem is the Fed 1040.   Because we filed jointly, TTax lumped all the rollovers into one value ($X) on the Fed form.   This got imported into the NJ State form, but the program doesn't know who this applies to.   So it attributes it to both of us ($X to me and $X to my wife).   This might not mean anything unless it was rolled over into a SIMPLE IRA, which ours wasn't (all rollovers went into Traditional IRAs).   But if ht HAD gone into SIMPLE IRAs, NJ would have taxed the $X rollover amount twice, and that is a BIG problem when $X is a 7-figure number!!