mbinnj
New Member

State tax filing

Turbo tax NJ state section is showing our 1099-Q (Payment from Qualified Education Programs) in NJ form NJIW1701.SCR 04/30/15.  the full amount is identified as "Taxable Interest Income", along with 1099-INT (bank interest).

 

The received 1099-Q does not show a breakout of the specific earnings, the full amount withdrawn is identified as Gross Distributions".

 

We can go through our historical contributions, but this is nowhere close to the actual earnings.

 

I don't feel this is really "taxable interest / earnings", is this a Turbo tax error, or NJ issue?