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1099-R 8915-E Distribution - NJ Position

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    #1

    1099-R 8915-E Distribution - NJ Position

    While it appears NJ does NOT allow for the 3-year treatment of Covid-19 distributions I don't want to say for sure until I see something official in writing. I saw a 3rd party post on it (not here) and now I can't find that. My tax software IS treating it as a 3-year distribution which I do not believe is correct. I can't assume they are getting it right. I can't talk to them today (argh!).

    So, a $45k distribution is $15k taxable for each year at the Fed level - Can anyone confirm NJ's stance? - PLEASE -


    Matthew Jones
    Tax Preparation
    Computer Consultant


    Tax Season is here!
    Make sure everything is working, extra ink or toner is available, Advil in top drawer!
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    #2
    Maybe the post was on the NJ Division of Tax website. Have you looked there?
    Last edited by TAXNJ; 03-15-2021, 09:51 AM.
    Always cite your source for support to defend your opinion

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      #3
      Thank you.
      bummer... but it is .. what it is...
      Matthew Jones
      Tax Preparation
      Computer Consultant


      Tax Season is here!
      Make sure everything is working, extra ink or toner is available, Advil in top drawer!

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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