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New Member
posted Jun 4, 2019 4:51:07 PM

I don't see how to adjust mutual fund income in NJ to exclude that from us government securities

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1 Best answer
Level 15
Jun 4, 2019 4:51:08 PM

1) Edit the 1099-DIV form that has the box 1a $$ amounts that includes US bond Interest from a mutual Fund.

2) When you get to the main form page...make sure all your values are OK as being the same as your issued 1099-DIV, then hit the "Continue"

3) One (or two) pages later, there are a series of checkboxes...and you check "A portion of these dividends is US Government bond interest".........and "continue"

4)  Next page you put in the $ amount that is from US bonds...you have to calculate the exact $$ amount yourself form whatever info the Mutual fund sent you.

Then it transfers automatically to the NJ tax form in the proper place..

1 Replies
Level 15
Jun 4, 2019 4:51:08 PM

1) Edit the 1099-DIV form that has the box 1a $$ amounts that includes US bond Interest from a mutual Fund.

2) When you get to the main form page...make sure all your values are OK as being the same as your issued 1099-DIV, then hit the "Continue"

3) One (or two) pages later, there are a series of checkboxes...and you check "A portion of these dividends is US Government bond interest".........and "continue"

4)  Next page you put in the $ amount that is from US bonds...you have to calculate the exact $$ amount yourself form whatever info the Mutual fund sent you.

Then it transfers automatically to the NJ tax form in the proper place..