I am trying to complete my non-resident state return. I don't see my contract and straddles in capital gain and losses summary, but I see it in income and deduction page.

Forum|Forum|3 months ago
April 14, 2026
1 reply
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because I am non-resident of the state, I shouldn't have to pay taxes on the contracts and straddles income, but I am not able to select the income as "non resident income" in the capital gains and losses summary page. Has anyone found a workaround for this? it seems like a glitch in the software.

TurboTax Online

RobertB4444

Level 15

New Jersey uses the entirety of your federal income to compute the tax on whatever income you have there. The way they do it is to look at your entire amount of income and figure out what the tax on that would be if you were a New Jersey resident. Then they figure out what percentage of that income was earned in New Jersey or from New Jersey sources. Then they take that percentage of the large tax amount.

Some states only look at the income that you earned from that state's sources and then you get standard deductions and whatnot. New Jersey is not that way.

So when you are looking at the income summary page it may be that what you are seeing is the amount that New Jersey is using to compute the tax and not the amount that New Jersey is actually taxing.

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