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Please refer to your NJ tax return Line 20A to see what is taxable.
The problem still exists when I prepare for 2019 returns. How should I contact TurboTax to correct this?
If you have made your first contribution to the SIMPLE IRA more than two years ago, you can roll it ( all ? ) into a Traditional IRA.
Otherwise it is a taxable distribution from the SIMPLE IRA and would be taxed on Federal and NJ income tax returns.
From the distribution code G, you can infer that the custodian determined that you do meet the rules.
If you meet the rules and can't get TurboTax to report it correctly, you'll have to override and file on paper.
I too have the same issue. But only my wife rolled over her 403b to a Tradtiona IRA.
In the Federal section, they asked who is this for and clicked for my Wife's name.
Since we are filing jointly, when I got to NJ it said that I had rolled over $xyz,xyw.xy amount and I can't remove it.
Then it NJ from says that my Wife rolled over $xyz,xyw.xy which is the correct item. It seems to be a bug in the intuit software. I don't even HAVE a 403b, it only belongs to my wife. Is there something I can do here?
Please, maybe a TTAX person.
Thanks.
I have the same problem too. Did anyone ever get a solution for this?
I just had the same problem. I rolled a 401K into a traditional IRA. When I get to the NJ taxes it shows the rollover for me, and then the same info shows up for mt wife. It was my account not hers. It appears this has been going on a couple of years based on the posts I read here. Any solutions yet?????
I do not know if the problem still persists. I will find out in a couple of weeks when I complete my return.
I'm preparing my return and was shocked that I need to pay NJ tax on my 401K rollover. I just realized from reading your post that there is a difference between simple IRA and rollover IRA. Can you tell me what is the difference? I thought that if it's not a Roth IRA, then it is a simple IRA. After it's rolled over, it becomes Rollover IRA. The instructions asked if I rolled over to a simple IRA . So it seems to me I should answer yes (since it's clear it was a rollover)?
Also, how do I go back to the step by step interview? I can no longer find that.
Thanks!
Did you do the rollover within 60 days?
I figured it out. I don't see 60 day rule mentioned.
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