@kvkee @Lois957
The correct handling is to enter the amount of the PPP Loan Forgiveness as an adjustment on the New Jersey return. As stated in the ProConnect link, this will result in a deduction on Other Subtractions, line 6F, and will remove the income.
TurboTax (and all tax software companies) have had a real challenge keeping up with all of the tax changes enacted during COVID, and what you are reporting is a known issue that we are working on. There are a lot of moving parts to all of this, and programming it all is not as simple as it seems, especially since there were quite a number of other changes which have also created programming challenges to report everything.
Our customers deserve a program that delivers everything, and we take all feedback seriously. I can say that these programming experiences have been escalated to be improved, and we do appreciate feedback from our customers so that we can get it right, or at least better. In the meantime, if you were able to come up with a way to adjust your return correctly, we are thankful that a solution was possible. Thank you for your patience in the meantime while we strive to improve.
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