DanielV01
Expert Alumni

State tax filing

@rebazambrano

 

Your numbers are spot on from what you state above.  The fields on the NJ return probably do not pre-populate, but you will input the "double taxed" income figure you just calculated and the Tax paid to New York on that income you also calculated in those two fields in the screenshot you provided in your original question.  The credit will calculate automatically, and it will be the lower of:

 

  • What New York taxes the income
  • What New Jersey taxes the income

Chances are, after the credit is applied, your New Jersey tax will be $0.

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