THe New Jersey State documentation is pretty clear that there is a $150,000 limit on gross income associated with the retirement income exclusion, yet Turbo Tax wants to give one. Is there something going on here that I am not aware of, or is the software flawed?
If you'd like, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.
If you're using TurboTax Online:
Once you're logged in to your account,
- on the left hand panel, click on Tax Tools and then choose Tools
- on the pop up window, select Share my file with Agent
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- click okay and you'll get another message with a token
If you're using TurboTax Desktop:
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