topic New Jersey interest income detail rounding in State tax filing

New Jersey interest income detail rounding

k04040 — Wed, 05 Mar 2025 21:20:23 GMT

In the New Jersey 1040 return, on the interest and dividend worksheet, the detail interest postings are all shown rounded to .oo instead of just the total being rounded. The interest amount is now off a few dollars from the amount on the federal return which shows just the total rounded. The dividend section on the same NJ worksheet shows the detail postings to the exact penny and only rounds the total. Why the difference between the way interest is posted and dividends are posted? Why are the interest detail items being rounded?

Re: New Jersey interest income detail rounding

DavidD66 — Thu, 13 Mar 2025 02:05:43 GMT

I believe that is question to which only the programmers know the answer. If you want your New Jersey interest detail to match the federal return exactly, you can adjust some of the New Jersey entries so they round differently and sum to a total that matches the federal return.

Re: New Jersey interest income detail rounding

k04040 — Thu, 13 Mar 2025 16:28:50 GMT

Thank you for your answer. I do go in on the appropriate form and manually change the entries so they're equal. It's something I shouldn't have to do. It's obviously a programming error but it's probably so low on a priority list if anyone even cares about it that it will probably never be fixed.