@TurboTaxMichaelDC It is still confusing to me. I am a non-resident for NJ and I do not have nay other income from NJ except one rental property income (loss for 2017). The loss was -$10,091, why does it show a line saying NJ depr Adj $5,083 and net amount in the FORM NJ-BUS-1 under Part II line 4 of -$5,008 instead of total $10,091?
Also, just to clarify for federal taxes, this total loss $10,091 I am not eligible to deduct against my gross income as my income is over $150k bracket and the deduction has phased away completely. However, to your point, can this total amount be deducted against the rental property income for 2018? All of it?
Sorry for too many questions, soo new to this, hence a lot of confusion! Thanks for your help!
