If I live part of year in Florida & part in NJ which has a state income tax, can I withdraw from 401k only when in FL & allocate all of that income to FL and none to NJ?

Forum|Forum|7 years ago
June 3, 2019
7 replies
36 views

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Best answer by SweetieJean

http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git6.pdf

For 2017, I think you are stuck paying NJ taxes.

Once you officially move to FL, you won't.

SweetieJean

Alumni - Champ

Are you asking about a retirement account? Note that NJ has a partial exclusion for that.
Where is your legal residence...driver's license, car registration, voter registration, etc?

jeffgoldstAuthor

Level 2

401k, exclusion too limited. Planning to move, haven't yet, will use FL address for everything

SweetieJean

Alumni - Champ

<a rel="nofollow" target="_blank" href="http://www.state.nj.us/treasury/taxation/njit7.shtml">http://www.state.nj.us/treasury/taxation/njit7.shtml</a>

SweetieJean

Answer

Alumni - Champ

http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git6.pdf

For 2017, I think you are stuck paying NJ taxes.

Once you officially move to FL, you won't.

jeffgoldstAuthor

Level 2

Doesn't answer my question. If in future I maintain residences in both FL and NJ can I withdraw from 401k during only months I am in FL and count all income as FL income? Assume I register to vote in FL