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June 1, 2019
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NJ General Rule Method?

  • June 1, 2019
  • 1 reply
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I'm a NJ resident and have various retirement accounts: 401(a), 403(b), IRA, Roth and SEP.  Some of the accounts were funded by pre federal tax dollars but post State dollars.  In calculating the portion of the distribution, under the General Rule Method, that is taxable in NJ, it asks me how much I have contributed to the "plan".  Does it refer to the plan from which the distribution came (401(a)) or does it refer to all retirement accounts?

Best answer by fanfare

the "plan" refers to the account to which you are applying the rule.

You don't apply the rule to IRAs, for example.

1 reply

fanfare
fanfareAnswer
Employee
June 1, 2019

the "plan" refers to the account to which you are applying the rule.

You don't apply the rule to IRAs, for example.