I have a small annuity account that was established primarily to cover Medical premiums but then I have a401,a 403B, a 457, a Roth account and now a traditional IRA. Fortunately I did some digging (I worked for the same university for 30years)and now know all my contribution levels but my pension is paid using 6 of the accounts that also have pretax mandatory contributions, mandatory after tax contributions and the contributions that were deferred comp. When I receive my 1099 on the front it has the standard amount for the year and the taxable amount and on the back is a breakdown of where the total was pulled from with my contribution to each account for the year within each account. I am having difficulty figuring out how to put this on my NJ State form. It is my first full year in NJ after living in NY the rest of my life.
I would,appreciate some advice I have been using Turbo Tax for 20 years with no problems until now.
SUSAN
Is the income reported on IRS form 1099-R? If so, in TurboTax Online, enter the IRS form 1099-R as follows:
The reverse of the form does not have to be entered.
Search NJ div of taxation website for GIT-1 document showing when to use the General Rule and when to use the Three Year Rule
Getting all that into TurboTax is another issue it should not be too difficult ( ? )