eddieebear
Level 1
12-07-2019
07:46 AM
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Best Answer Click here
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itonewbie
Level 15
12-07-2019
07:46 AM
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Yes, to the extent the taxpayer does not have a basis for NJ tax purposes and the earnings are not from tax-exempt NJ or federal obligations.
In other words, the distribution will be taxable if that's a pre-tax 401(k) and partially taxable for other types of plans.
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George4Tacks
Level 15
12-07-2019
07:46 AM
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When all else fails, read the instructions https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf I think you will find what you need on page 21ff.
Here's wishing you many Happy Returns
