How does this work in NJ State return form (NJ DOP), since unlike federal form/return, turbo tax doesn't automatically populate current year NJ form with prior year capital losses in NJ form?
My understanding is that NJ tax rules doesn't allow for capital loss carryover from prior years in Federal return into NJ returns, one must manually input carry over capital losses in NJ DOP manually each each year to be eligible for offsetting current year capital gains with prior year capital losses.
Another thing i like to confirm is that unlike federal rules, NJ rules doesnt allow $3000 loss offset against ordinary income every year?
