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http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git2.pdf">http://www.state.nj.us/treasury/t...>
NJ is creating a tax nightmare for it's residents.........Have no idea, at this point, if the TTX NJ software can handle it
.....how in the world would a NJ resident keep track of what sub-portion of their IRA RMD, is from US or NJ-bonds and update their own files properly every year. Only 1-out-of 1000 could even figure out how to keep track....unless they carefully kept the US/NJ bonds in an entirely separate IRA account. I suspect that TXT may not be able to support this.
IF the user is lucky, the new NJ pension exclusion will cover it all and keeping track will be unnecessary.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
