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April 9, 2024
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NJ State Tax Reporting for Backdoor Roth IRA Conversion

  • April 9, 2024
  • 1 reply
  • 0 views

When completing my New Jersey state tax return, I encountered a field labeled

  • Contributions related to this distribution previously taxed by New Jersey. 

Could someone please clarify what I should enter in this field?

 

Context: I performed a backdoor Roth IRA conversion in 2023. In 2023, I contributed $6500 to a traditional IRA, which accrued $2 in interest by the time I converted the entire amount ($6502) to a Roth IRA. Should I include the full $6500 contribution amount, considering it was contributed to the traditional IRA or $6502 or some other field from my form 1099-R?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Any assistance with this matter would be greatly appreciated. Thank you in advance!

 

    Best answer by DanaB27

    You will enter the $6,500.

    1 reply

    DanaB27Answer
    April 9, 2024

    You will enter the $6,500.

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