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NJ Return - Pension, Annuities, & IRA Withdrawals Worksheet

I am hung up on the wording in Section 1 - IRA Withdrawals, Part B, Line 6: "Taxable contributions" made to IRA during current tax year.

 

I made $7000 non-deductible contribution to T-IRA in 2019.  Non-deductible, so contribution was made using taxed dollars.  Line 6 wording of "taxable contributions' is confusing.  At what point are they considering the contribution taxable?  At time of contribution (i.e. a nondeductible contribution has been taxed) or later when withdrawn (a deductible contribution will be taxed at withdrawal)?  Is my $7000 nondeductible contribution considered a "taxable contribution?"  TIA for clarifying.

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2 Replies
JulieS
Expert Alumni

NJ Return - Pension, Annuities, & IRA Withdrawals Worksheet

New Jersey does not allow a deduction for retirement contributions, so all IRA contributions are "taxable contributions" for New Jersey.

 

You should enter the amount of your IRA contributions for 2019.

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NJ Return - Pension, Annuities, & IRA Withdrawals Worksheet

My issue in this area is that I am taking my RMDs and Defined Benefits and am just trying to wrap up this NJ tax filing. I am stuck!  See screen shot Where and what do I put in this box and box 2. I cannot finish this tax form unless I complete these points. Very frustrating. Call my Annuity dept? or find the info in my paperwork on hand? Assist please. 2019  part D line 1.JPG

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