Hi, I am using TT online premier version. There are 2 issues I am noticing in my NJ interest calculations:
1. When I select that some of the interest income is not taxable in NJ in the federal form, TT is treating all interest income in that 1099-INT as not taxable for NJ.
2. The treasury bond market discount is treated as taxable for NJ. From all my reading it appears that this should be treated as interest income and therefore tax exempt for NJ.
How can I adjust these two for NJ return. Can I update (or override) the NJ worksheets? Or is there a workaround - only for the NJ return?
