Bwilt114000
Returning Member

401k rollover to Simple IRA.

I did a direct rollover (PART 2 of 2) of my 401k to a Simple IRA within the 20 days (or whatever) window. Would the funds be taxed by either Federal or State?  I think the answer is "no" to Federal but I'm confused about State.  I live in NJ. Please advise.