topic 3 year Rule in State tax filing

3 year Rule

GmHDfh28 — Mon, 29 Jun 2020 13:59:11 GMT

I'm doing Kentucky State taxes using TurboTax. The first screen is the following:

Pension and IRA Basis Differences

Enter any addition to pension income due to the 3 year Recovery Rule.

I have no idea what the 3 year Recovery Rule is or how is applies to me. What value am I suppose to be looking for to enter in this space?

Barb8435 — Thu, 15 Feb 2024 15:46:09 GMT

I don't understand how THE 3 YEAR RECOVERY RULE applies to me?

fanfare — Thu, 15 Feb 2024 18:18:46 GMT

What state?

In NJ,the tax website explains how to use the 3-year and General rules on an NJ tax return.

You should consult your own state's information.

It only applies to 401k and other pension accounts, not to IRAs.