mdilts
Level 2
01-22-2021
10:09 AM
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I agree with #2. I have a client that has several inherited traditional IRA's from a non-spouse. I checked the box on the 1099R input as such. The client also has a withdrawal from a Traditional IRA that has basis. The NJ Pension worksheet is allocating the reduction in NJ taxable income to the inherited IRA's and not just to the Traditional withdrawal. I think this is a glitch in the program???