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I see NJ allows to deduct but even though Turbotax shows the contribution in Federal it does not transfer to NJ state. In Federal, it shows contribution under Keogh plan, NJ form allows deduction for solo 401K.
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Your solo 401k contributions should have transferred to your New Jersey return and shown as deductible. So I just want to make sure that you entered your solo 401k contributions in the correct place.
Go to this link and scroll down to the excellent list of instructions from @JulieC14 to make sure that you have entered your contributions in the correct section to have them register with the New Jersey return.
Thanks but it does not look like its copying from Fed to State. See attached screenshot for state it remains blank.
Contribution to solo 401(k) is entered on your NJ state return as an adjustment.
Follow the steps below to make the adjustment:
Within Your State Returns:
Thank you, yes I can do that. However Turbotax says all information from Federal is carried over to state. Should I be concerned of anything else too which even though entered on Federal still needs to be entered manually again on State? This deduction can have big impact on State taxes and maybe there are others too.
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