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March 22, 2025
Question

How to treat an IRA that has the basis from 401k and pension rollover?

  • March 22, 2025
  • 1 reply
  • 0 views

My IRA was created from rolling over first my pension and then my 401k. I withdrew from it for the first time in 2024. I don't know how to answer the question in the NJ state tax form that ask IRA contributions previously taxed. I have not made any IRA contributions since all of the rollover were completed. This is impacting questions 4a and 4b. Help

    1 reply

    fanfare
    Employee
    March 22, 2025

    "I withdrew from it for the first time in 2024. "

     

    Your contributions previously taxed are Zero.

     

    @sngriffiths1