dmertz
Level 15

Retirement tax questions

I was commenting in regard to the questions TurboTax asks in regard to the federal tax return; I failed to see that you were asking in regard to your state tax return.  I don't know why TurboTax would ask similar questions for a NJ tax return in regard to a distribution from a traditional IRA.

 

[Edit]  The method of applying the NJ basis does seem to depend on how the distributions are made if made over several years.