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Is gross income same as adjusted gross income?
The filing treshold for NJ state income tax return for a single is "$10 000 gross income for the entire year from everywhere". I'm a NJ resident and my ONLY income is from a rental property in FL making $18700 in rent, with net profit $5740. My adjusted gross income is $6450. Do I need to file NJ state taxes? Which number do I use to determine if I need to file state taxes at all? ( $18700 or $6450?) I was told I don't need to file FL state taxes since Florida doesn't have an income tax.
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‎June 5, 2019
11:59 PM