rjs
Level 15
Level 15

State tax filing

Are you using TurboTax? This forum is run by Intuit, the company that makes TurboTax, to help its customers use TurboTax to prepare their tax returns. TurboTax will automatically fill out Schedule NJ-COJ correctly for you. Prepare your New York nonresident tax return first, then your New Jersey resident tax return.


The following explanation of the Credit for Income Taxes Paid to Other Jurisdictions is from New Jersey Division of Taxation Publication GIT-3W.


"This credit minimizes double taxation of income that is already taxed by other jurisdictions. Though the credit reduces your New Jersey Income Tax, you are not necessarily entitled to a dollar-for-dollar credit for the total amount of taxes paid to the other jurisdiction. The credit represents the amount of New Jersey Income Tax that you would have paid had the income been earned in New Jersey, or the amount of tax actually paid to the other jurisdiction, whichever is less."