Turbo Tax properly deducts business expenses from the federal return but it does not on the state of NJ tax return. It continues to carry the loss forward on the NJ-Bus-1 and NJ-Bus-2 forms
You'll need to sign in or create an account to connect with an expert.
I think the final answer here is that your income should be reported on a W-2, not schedule C, and New Jersey does not allow unreimbursed work expenses for W-2 employees.
If you have further questions on applying the Deason rule to your federal return, start a new discussion topic.
I think the final answer here is that your income should be reported on a W-2, not schedule C, and New Jersey does not allow unreimbursed work expenses for W-2 employees.
If you have further questions on applying the Deason rule to your federal return, start a new discussion topic.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
martintrailjr
New Member
frank790628
Returning Member
seoexpert
New Member
tshburnette
New Member
shiyi11
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.