Does NJ follow federal treatment of RRSP withdrawals, i.e. taxing only the growth since entry to the U.S.?
Scenario: NJ full year resident since entry into US from Canada. Dual citizen.
NJ Taxation of RRSP Withdrawal
Moderator: Mark T Serbinski CA CPA
Re: NJ Taxation of RRSP Withdrawal
Were you a US citizen before moving to US, if so, you are responsible for more that just gain since moving to US, you are responsible for all gains.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: NJ Taxation of RRSP Withdrawal
No. I became a USC after moving to US.
Re: NJ Taxation of RRSP Withdrawal
Then you will be taxed on the taxable portion determined for your federal return.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing