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Deductions & credits
I understand your point, but there is nothing explicit on the NJ Department of Taxation concerning the deduction of medical marijuana on the NJ tax return. Because of that, as a tax professional, I cannot advise taking the deduction.
Of course, you are free to do whatever you wish on your own return. If you do find explicit instructions, I would appreciate you letting me know.
‎January 14, 2021
5:24 PM