Is a govt thrift plan taxable if rolled over

[karbi]

rolled over to a simple ira, is the full rollover taxable to nj

[CherylW · Accepted solution]

No, it is not, provided you rolled it over within 60 days

This, from State of New Jersey, Division of Taxation:

If you rollover a lump-sum distribution into another traditional IRA or other eligible plan, do not report the rollover on your New Jersey return if the rollover qualifies for deferral for federal tax purposes. The rollover must be made within the 60-day period after distribution.