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hppinky
New Member

Why is turbo tax pulling in investment income as retirement income on line 20a of NJ 1040?

 
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1 Reply
MayaD
Expert Alumni

Why is turbo tax pulling in investment income as retirement income on line 20a of NJ 1040?

2023 NJ-1040 Instructions Line 20a – Taxable Pension, Annuity, and IRA Distributions/Withdrawals Retirement income such as pensions, annuities, and certain IRA withdrawals is taxable in New Jersey. The New Jersey taxable amount may be different from the federal amount. Enter the taxable portion on line 20a.

 

Which form did you receive for your Investment income? Make sure you reported it in the correct section. 

 

 

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