A fraction of my 403B distributions from my contributions are not taxable in NJ since I already paid NJ taxes on them. The annuities and the MRDs are handled differently. How does turbotax handle this? As a rough guess it will reduce my taxable income by about 1/8 of the total 403B distribution, so in is not ignorable. Also, since the distributions are spread across 10 contracts (5 annuities and 5 MRDs) can I combine all of them or must I enter all separately?
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For pensions and annuities, use the Three Year Rule method or the General Rule method.
See NJ Resident Return Instruction booklet.
For pensions and annuities, use the Three Year Rule method or the General Rule method.
See NJ Resident Return Instruction booklet.
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