In my example...2345 is what is in box 8.
You wouldn't use NC...you would use NJ and break down the 2345 to
1) NJ $$ from only NJ bonds
2) Any US Territory bond $$ (if you hold any...you probably don't, but I know PR has some issued...perhaps Guam too)
3) All remaining $$ are tagged together with the multiple states designation.
Once done, the software would not add the $$ from #1 and #2 to NJ income. But #3 is NJ income.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
