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Level 1
posted Mar 23, 2025 6:16:08 AM

457(b) plan General Rule Method calculations after moving out a portion of the 457(b) funds into an IRA

I am getting distributions from 457(b) plan and used Worksheet B to calculate excludable amount. Excludable amount corresponds to my contributions that were taxed in NJ. After two years of distributions, I rolled over a potion of 457(b) to an IRA. How to calculate excludable portion (contributions) on my remaining 457(b) funds?  I need to allocate my total contributions between two plans: original 457(b) and new IRA. Thank you

0 800
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