topic Re: 2026 NJ excludable pension error in Get your taxes done using TurboTax

2026 NJ excludable pension error

5flavors — Fri, 13 Mar 2026 14:42:24 GMT

2026 TurboTax NJ. We have 4 1099R's. Mostly the same and none have any after tax dollars, One entry takes the 1760 withdrawal and reports 1537 as excludable pension. There should be no excludable amount. This is the second year money has been taken out, it's for an RMD. Federal taxes were withheld. THe sum of all the 1099R is correct if you add lines 20a and 20b. We get an error when we do the check. We;ve deleted the entry and re-entered and still get an error. Can't file this way. Help.

Re: 2026 NJ excludable pension error

5flavors — Fri, 13 Mar 2026 15:10:14 GMT

We are on desktop version running Windows

Re: 2026 NJ excludable pension error

5flavors — Fri, 13 Mar 2026 15:11:34 GMT

Sorry, it's obviously on our 2025 return.

Re: 2026 NJ excludable pension error

5flavors — Sun, 15 Mar 2026 23:59:53 GMT

It's something with the x for sep/simple. We worked around it but it's not correct. There is no previously taxed money coming out. Am not thrilled w tt but we are done for 2025 so can close the conversation.

Re: 2026 NJ excludable pension error

fanfare — Mon, 16 Mar 2026 02:28:24 GMT

"Mostly the same and none have any after tax dollars, "

You have a basis (after tax dollars) in your IRA as far as NJ is concerned because you did not/could not deduct IRA contributions from your NJ taxable income in all those past years.

Those are unrecovered.

See Worksheet C in the NJ Resident Return Instructions for how to avoid double taxation on that money (i.e. recover it) when you withdraw from your IRA.

By NJ formulas, the contributions are recovered fractionally over the lifetime of the IRA.

@5flavors