VictorW9
Expert Alumni

Retirement tax questions

The tax treatment for inherited Roth IRA in New Jersey is similar to that of the federal treatment and are not taxable, provided they are qualified distributions.  

 

As long as the distribution is made:

1) After the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit.

 

2) The distribution is :

     a) Made on or after the date you reached age 591/2 

     b) Made because you are disabled

     c) Made to a beneficiary or to your estate after your death.

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