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April 3, 2024
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"Any sales of property not subject to New Jersey tax?" Turbotax New Jersey tax return

  • April 3, 2024
  • 1 reply
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I clicked "Yes" to above question. Next, under "Disposition of Property", Turbotax shows transactions with Gain or Loss and "Omit" columns. I clicked "Continue". Next, under "Capital Gain Distribution", Turbotax says subtract exempt amount from New Jersey income tax and enter adjusted amount below.    Do I use Box 2a on 1099-DIV or Gain(Loss) amount on 1099-B to calculate this adjusted amount ?

    Best answer by fanfare

    select the form that shows the amount to which an exemption applies.

    @ResidentOB98 

    1 reply

    fanfare
    fanfareAnswer
    April 4, 2024

    select the form that shows the amount to which an exemption applies.

    @ResidentOB98