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Level 2
Feb 26, 2024 1:18 AM UTC
Question

Deleted

Deleted

    3 replies

    fanfare
    Level 15
    Feb 26, 2024 1:32 AM UTC

    If this is the first year of withdrawal,

    the contributions previously taxed by NJ  must be zero.

    @shadowfx 

    fanfare
    Level 15
    Feb 26, 2024 1:42 AM UTC

    You shouldn't delete your question, it may help other NJ tax filers.

    fanfare
    Level 15
    Feb 26, 2024 1:48 AM UTC

    In fact, the contributions previouly taxed can be greater than zero if this is the first time you are using NJ Worksheet C,

    which is actually the question.

    The TurboTax phrasing is misleading,

    In the case of a properly executed tax-free backdoor Roth contribution, that can't happen.