kheshgi4
New Member

State tax filing

Thanks, for the reply.

 

I have 3 different types of distributions from the fund to account for in my NJ return:

1. capital loss from sale of fund: I have omitted this as you have explained

2. long term capital gain distribution: I have reduced the overall capital gain distribution number to account for this distribution not being taxable in NJ but being taxable for Federal.

3. short term capital gain distribution that is included in form 1099-div as ordinary dividends: I have tried to reduce the dividend number in TT's NJ section but it reverts to what is shown in Federal Sch B. Is there are way to account for this ST gain so that it is not taxed in NJ?