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Screen NJ1099R - New Jersey Pension and Annuity Distributions (1040)
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Overview
Use this screen to adjust amounts transferred from the federal 1099R screen and enter additional information needed for the calculation of taxable pensions, IRAs and exclusions.
1099-R Detail
Use this section to adjust retirement income information transferred to this input screen from the federal 1099R screen.
IRA and SEP indicator
If you entered
X
in this field and there are no entries in the section below IRA Information section, UltraTax CS uses the total amount of the IRA distribution in the calculation of the taxable portion of IRA withdrawals.UltraTax CS uses the amount of the IRA distribution calculated on the New Jersey IRA Withdrawals Worksheet as the taxable portion of the IRA withdrawals. Exception to this rule is qualified Roth IRA's (code Q).
Pre-retirement disability
Mark this checkbox if the pension or annuity is due to pre-retirement disability.
State use
For 1099-R distributions not taxable to New Jersey, state use codes may be entered on the federal 1099R screen. Code
24
is for military pensions and code 28
is for non-military pensions or other nontaxable distributions. Items coded 24
for military pensions may be deductible on other state returns that exclude all military pensions.New Jersey taxable amount when not using New Jersey required worksheets (Force)
Using this field will stop the pension and IRA worksheets from calculating. New Jersey requires these worksheets to calculate the taxable amount of the 1099-R distributions and you may receive an inquiry from the state when using this field.
Pension and Annuity Information
This section is used to indicate to UltraTax CS which method on the New Jersey Pension Taxability Worksheet is to be used to calculate the taxable portion of the distribution entered in this input screen.
Pension code
The entry in the federal column transfers from the federal 1099R screen New Jersey allows for the general rule worksheet calculation, therefore, an entry made for the general or simplified method at the federal level is used to calculate the general rule for New Jersey purposes. If
1
or 2
is entered in this field, entries in the Investment or cost in contract, Expected return
and Investment recovered in the past
fields are necessary to complete the calculation on the New Jersey Pension Taxability Worksheet. If amounts were entered in this screen in a prior year, amounts from the prior year Pension Taxability Worksheet will proforma into the New Jersey column. Any changes should be made in the New Jersey column for calculations on the current year Pension Taxability Worksheet. A diagnostic message informs you that more data entry may be needed if the simplified method was used at the federal level. New Jersey still allows the 3 year rule calculation method in certain circumstances. Enter 3
to have the taxable portion of the distribution calculated using the 3 year rule. If 3
is entered in this field, entries in the Investment or cost in contract, First periodic payment amount,
and Investment recovered in the past
fields are necessary to complete the calculation on the New Jersey Pension Taxability Worksheet. If there are no amounts in this section or in the New Jersey forced taxable amount, then the taxable amount calculated on Form NJ-1040NR is limited to the federal taxable amount.First monthly periodic payment
Enter an amount to complete the 3 year rule calculation on the New Jersey Pension Taxability Worksheet. The entry in this field is multiplied by 36 to determine the amount of pension received during the 1st 3 years.
IRA Current Year Distributions and Contributions
Use this section to enter information needed to calculate the New Jersey basis for IRAs and the taxability of current year IRA distributions. The entries transfer to the New Jersey IRA Withdrawals Worksheet for either the taxpayer or the spouse, depending on the entries.
Don't use this section to enter information if the taxpayer's IRA distribution doesn't have basis in New Jersey. The full amount of the IRA distribution is taxed at the New Jersey level.
IRA value at year end including rollovers
This field is used for the Calculation of IRA Withdrawal Taxability per the Publication GIT-2 Worksheets. The amount will proforma from year to year after the 1st year of withdrawal. Once withdrawals start, the worksheet must be calculated each year for this to work. If you have 0 withdrawal in a current year, then you need to enter a 0 in the field to calculate the value of the IRA to carryover to the next year.
2025
distribution (Force)note
Once you start taking withdrawals from a specific IRA account the 1099-R input screen at the federal level and state level shouldn't be deleted until the account is closed and the final amount withdrawn. Deleting the federal screen and not the state screen will cause the units of 1099-R to misalign and your IRA data won't proforma properly.
2025
distributions (Force) (Enter zero to calculate worksheet when no 2025
distributions)This field is used to force the distribution amount for the IRA distribution. Force the distribution to 0 to cause the worksheet to calculate when no distribution made in 1 year to cause the IRA values to calculate for proforma to the next year.
2025
contributionsUse this field to add contributions made to the IRA account for years after the initial withdrawal.
note
Contributions made in the year of initial withdrawal would be included in the
Total amount of IRA contributions previously taxed
field.IRA Unrecovered Contributions
First year of withdrawal - total amount of IRA contributions previously taxed
If this is the 1st year of an IRA withdrawal and any portion of the taxpayer's amount of contributions have been previously taxed by the State of New Jersey, enter the amount in this field. The entry transfers to the New Jersey IRA Withdrawals Worksheet, line 4a.
note
New Jersey doesn't allow IRA contributions to be deduction from Gross Income when contributed to IRA accounts.
IRA Previous IRA Withdrawal Without IRA Worksheets
Taxpayers who have never completed New Jersey IRA Withdrawals worksheets
Users should complete 1 of the following sets of fields:
- Taxpayer who previously used New Jersey worksheets
- Taxpayer who have never completed New Jersey IRA withdrawal worksheets
UltraTax CS will proforma data after the 1st year of withdrawal and you only need to enter your 1099-R at the federal level to calculated IRA taxable worksheets in the following years.