samgott13
Returning Member

State tax filing

Thanks for your reply.  I don't see that option in TurboTax Premier.  Instead I think I can do it by switching to Forms and adding a line to the 2025 NJ GIT-DEP worksheet.  I assume I put "0" in Column C as it was a Section 179 deduction in 2024.  Column D would have the original Federal basis of 690, as would Column F for the New Jersey basis.  Column G would be the 2024 Column K value of 138 (in future the total of the previous years' Column Ks).  Column H is Column D minus Column G.  Columns I and J and K are the same as from 2024's worksheet.  Unfortunately the worksheet instructions are rather rudimentary.  I am also unsure as to why the item did not qualify as a NJ Section 179 expense according to TurboTax.