I rolled over my Roth 401K from my previous employer's investment institution to my current employer's investment institution. Just to add more details - when I made my Roth 401K investment 12 years back, I was in GA, while I am in PA now. I was told that the transfer from one investment institution to another institution is tax-free because I am effectively not withdrawing the money, rather consolidating my retirement funds. However, when I filed my taxes, the PA state charged me taxes on my retirement funds above the basis. I am not sure if that is what PA does or I need to get it fixed. Please suggest.
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Hi, I lived in PA and worked in NJ. My employer issues me a W-2, which has some taxes withheld for PA (92%) and some for NJ (8%). It means they considered me a NJ resident for sometime, while I was always a PA resident. It happened because my address in the system was not updated for sometime. It seems there is some treaty between PA and NJ that says that if you are a PA resident working in NJ, then you just need to pay taxes for PA and no need to pay anything for NJ. So as I am filing my taxes - (a) can I use "zero" taxable income for NJ? (b) If so, then what should I consider the taxable for PA - sum of Box16 for both states or something else? Please suggest.
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