@rona11 Sorry, but I don't have any experience with the NJ return. You may get more eyeballs on the problem if you post as a separate where NJ tax experts may see it.
With that said, you mentioned "offset in Schedule D" but I assume you meant "Schedule E"? Just to make sure I understand, when you went through the calculations you wound up with a $48,000 Capital Gain (which shows up on Sched D) but also a $49,830 loss which showed up on Sched E. Between the two, they net to the 1,830 loss you mention. Is that correct? If so, then I have no idea what NJ is doing. But if that's not right, then maybe there's a problem in the way you handled the transaction at the Fed level.
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
