First of all, you will record the 1099 DIV exactly as listed on the hardcopy. After you enter the information, there will be a screen that will appear. Here you will check a box stating A portion of These Dividends is US Government Interest.
Now you will add up all of the percentages regarding US Treasury Bills. The total should be 19.72%. Next screen will ask what is the amount of the US Government interest, you will enter ($1000)(.1972)= $197.
Once this is recorded, NJ will exclude $197 of dividend taxable income.
@hero123
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