combined spousal IRA withdrawals

Forum|Forum|1 year ago
March 24, 2025
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On the New Jersey Pensions Wks TP and SP "Pensions, Annuities and IRA Withdrawals", I want to combine TP and SP RMD columns. For years I've had to do this on a spreadsheet and transfer the data to NJ 1040 from Worksheet C. When will TurboTax allow this option?

fanfare

Employee

Worksheet C-TP and worksheet C-SP are used only for IRAs.

DHNJAuthor

Fanfare,

I only want to combine SP and TP on one worksheet C, which is allowed for various reasons.

However, your comment relates to an actual TurboTax error: On New Jersey TP and SP worksheet C, the first column "Check if this is an IRA distribution" should (X) the box for "an IRA, 403(b) or 401(a) distribution". I have to (X) the box manually every year for my RMDs from 403(b) and 401(a) annuities! See this online: Post by DonCamillo » Mon Feb 27, 2017 12:54 pm (bold is my emphasis.)

"I just had a major effort to correctly pay taxes on my retirement accounts in NJ using Turbo Tax. It took research on the part of a senior analyst at Turbo Tax." [...] "Contributions to a 401(a), 403(b) or 457(b) are not excludable from income, so you have to avoid double taxation by using the Federal General Rule (IRS Publication 939). Turbo tax does not handle this at all in the interview format. You have to go into the NJ Form (by clicking the Forms icon on the top ....) and do the calculations yourself. "

DHNJAuthor

Turbotax Deluxe experts, PLEASE respond to my two questions regarding NJ worksheet C:

1. Is there an option to combine SP and TP forms into one Worksheet? This option is required when the SP Contributions (line 4a or 4b) can't be easily separated from TP Contributions.

and,

2. When 403b and 401a withdrawals are entered into TurboTax from 1099-R forms, the income is NOT automatically included on NJ-1040, line 20a. This has been a VERY serious and well-known issue since at least 2017, as mentioned in my first reply above, and I found that it was also reported to the community ‎by dmueller on June 4, 2019 4:37 PM, but it was never resolved.

Thanks for your help!