Question
457 distributions in New Jersey
I am a New Jersey resident and i received distributions from my 457 plan last year which were reported on my W2 (Box 16 state income). Since I already paid taxes on my payroll contributions over the years, I believe that the general rule would apply as to determining how much of my 457 distributions are taxable.
I have not found any way in Turbotax to use the general rule on distributions reported on my W2 (there is a way to do this on distributions reported on form 1099R). Am I missing something? How can I accomplish this in Turbotax?
