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New Member
posted Jun 4, 2019 5:34:48 PM

I moved to NY from NJ on 6/2/17 & took a roth IRA distribution on 8/1/17 while living in NY. Should the answer be 0 for the amount rec'd & taxable while living in NJ?

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1 Best answer
New Member
Jun 4, 2019 5:34:49 PM

Yes - the Roth distribution would only be soured to the state you actually lived in at the time of the distribution (which would be NY in your situation). So $0 is sourced to NJ.

Please note -

You can always withdraw contributions (but not earnings) that you made to your Roth IRA tax and penalty free at any time. Additionally, the Ordering rules for withdrawals from a Roth IRA are: first from regular contributions, then from Conversion and rollover contributions, on a first-in, first-out basis and finally from Earnings on contributions.

Please refer to IRS - Roth IRAs - Publication 590 for more information about Roth IRAs.


1 Replies
New Member
Jun 4, 2019 5:34:49 PM

Yes - the Roth distribution would only be soured to the state you actually lived in at the time of the distribution (which would be NY in your situation). So $0 is sourced to NJ.

Please note -

You can always withdraw contributions (but not earnings) that you made to your Roth IRA tax and penalty free at any time. Additionally, the Ordering rules for withdrawals from a Roth IRA are: first from regular contributions, then from Conversion and rollover contributions, on a first-in, first-out basis and finally from Earnings on contributions.

Please refer to IRS - Roth IRAs - Publication 590 for more information about Roth IRAs.