I am another with questions about NJ pensions. I have a variety of accounts and it’s confusing.

Forum|Forum|1 year ago
March 19, 2025
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I have a small annuity account that was established primarily to cover Medical premiums but then I have a401,a 403B, a 457, a Roth account and now a traditional IRA. Fortunately I did some digging (I worked for the same university for 30years)and now know all my contribution levels but my pension is paid using 6 of the accounts that also have pretax mandatory contributions, mandatory after tax contributions and the contributions that were deferred comp. When I receive my 1099 on the front it has the standard amount for the year and the taxable amount and on the back is a breakdown of where the total was pulled from with my contribution to each account for the year within each account. I am having difficulty figuring out how to put this on my NJ State form. It is my first full year in NJ after living in NY the rest of my life.

I would,appreciate some advice I have been using Turbo Tax for 20 years with no problems until now.

SUSAN

JamesG1

Is the income reported on IRS form 1099-R? If so, in TurboTax Online, enter the IRS form 1099-R as follows:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Click the down arrow to the right of Retirement Plans Social Security.
Click to the right of IRA 401K Pension Plan Withdrawals.
Select Add another 1099-R.
At the screen Let's import your tax info, select Change how I enter the form.
At the screen How would you like to upload your 1099-R, select Type it in myself.
At the screen Who gave you a 1099-R, select the correct distribution. Select Continue.
Continue through the entry screens.