401k rollover - taxable in NJ

Feb 25, 2007 2 Replies

I moved from TX to NJ last year and have been working in NY. I transferred my 401k from my employer (my pre-tax contributions) in TX to my employer in NY. I received a



1099-R which has an amt for gross distribution (taxable amt = 0) and state listed as NJ. My question is: when I file form 1040 for Nj taxes, do I need to list this total distribution anywhere? Will I be taxed on this? Please let me know.

Also, I cannot figure out why my W-2 from NY emplyer has higher no for NJ income than NY income. My one income in



2006 was in TX (when I lived in TX) and from my employer in NY (living in NJ)

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As a NJ resident, all your income is NJ income. The income you earned while working in TX is not NY income. (You probably file as a part-year resident and allocate that income.) Seth

if its a rollover - probably not

NJ taxes many things that are not taxed by the Fed - you have to reconcile it to your last ytd paystub ___________________________________

-----> real address on hobokeni or hobokenx

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