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agayed
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TSP Withdrawal taxable or not in NJ

Is TSP withdrawal taxable as income in NJ under the following circumstances:  Original TSP account had paid taxes in Pennsylvania during contributions. The original TSP account holder deceased and the account was transferred to spouse.  Spouse is a resident of NJ and is now taking withdrawals out of that account.  Are those withdrawals taxable income in NJ or not since taxes were paid during contributions in Pennsylvania with the original account holder?

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TSP Withdrawal taxable or not in NJ

See the NJ Resident Return 1040 Instructions booklet for Line 20a and refer to the Types of Retirement Plans.

A TSP is similar to a 401(k) so you would want to follow those procedures.

 

Any earnings in the account above the amount contributed will be taxable income.

 

@agayed 

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