After 3/3/2022 updates to TurboTax Premier 2021, which I use for Federal, NY and NJ, it complains that "Sch NJ-DOP: column d - Price cannot be greater than the federal amount".
My Sch NJ-DOP has something like
column d (Gross Sales Price): 0
column e (Cost/Basis): 1
column f (Gain or (Loss)): -1
The corresponding Federal numbers are
column d (Gross Sales Price): -1
column e (Cost/Basis): 0
column f (Gain or (Loss)): -1
It appears that when the Federal numbers are transferred to NJ, they are re-arranged and therefor fail the checks.
How might this be fixed without manually editing all NJ entries (too many of them)?
I've tried deleting NJ (File | Remove State Return) and re-creating it to no avail.
After the update, I removed the state returns and ran it again but I still got the error (Sch NJ-DOP: column d - Price cannot be greater than the federal amount) with 192 lines to correct. How can this problem be fixed?
I have the same error three times over. Of course, I paid for e-filing which TT won't let me do because of their errors. What is the solution guys??
Same problem here. This is after waiting weeks for them to fix the stupid problem with a net loss not allowing 0.
Ridiculous.
I now have the same issue over 200 times after doing a TurboTax Premier update just earlier (didn't have the issue prior). Seems the update caused the issue. Please advise ASAP. Thanks.
I just called TurboTax support and reported this issue. I also asked her to review this discussion and have some from Turbotx reply. She said they will check into this right away.
Override doesn't work. TT gives a message "price cannot be less than zero".
We need to wait until TT fixes software.
It is false error. Nothing is wrong with NJ-DOP the way it is now.
I checked my 2020 return, had the same situations and no errors.
NJ-DOP report gains/losses in a different way with the same net result.
Worse case if TT won't fix it we will have to print NJ return and mail it.
Following this thread because I'm having the same issue...I hope we don't have to file by mail...
I am getting this same error on lots of entries. Not carried over from Fed correctly. Please create software fix . It is March 5th. Thanks
I am trying TurboTax first time this year. I have been using tax cut. Not sure if its not too late to buy Tax Cut and try using that.
Discovered this same problem on 03/03/22. I have used TT for over 15 years and have never run into any problems like this before. WHEN WILL TT FIX THIS PROBLEM ??
I narrowed the issue to two factors
1. Investment import from Fidelity
2. Specially transactions associated with options
I deleted all my investments, reloaded investment tax info from each institution individually and navigated till NJ tax filing.
Investments uploaded from ETrade, Charles Swab are fine and no issue observed, when the Fidelity investments are uploaded, NJ tax review screens throws an error. I think TT is not parsing the data from Fidelity correctly.
Work around - don't report transaction level for Fidelity, aggregate entire year gain/loss and report it as one transaction.
Thanks NJ Hero. I have the problem with the import of options from tastyworks. And this only started happening with the last TT Premier update I did on March 4. So we need a software fix and update from TT.
Thanks, NJHero. You're on to something but my situation is a bit different - I've localized it to E*Trade, but it definitely has something to do with options strategies. The three exceptions it's thrown for me are situations where I rolled covered calls to prevent my shares from being called. Very frustrating that TT can't handle this correctly.
I agree that it’s to do with option strategies… namely selling of options I believe. I don’t think it’s Fidelity specific. I have Fidelity and others but Fidelity is the only one I don’t have option transactions
Also…. You can’t report the data in aggregate if you have any wash sale adjustments, correct? I believe I have a few of them on the accounts with issues.
I would try deleting the 1099-B that is causing the issue, and enter it as totals instead. Do not import it.
TT issue with NJ-DOP is not broker related. It happens when short option selling results in loss.
Brokers report shop options selling to IRS with cost basis set to zero like when option expired worthless. This normally happens unless you have to buy to close short position. In Proceeds column (column d on fed form 8949) brokers send gain or loss. So, in case of loss this number is negative! In 2020 TT gave error in fed form 8949 when this number was negative, it was fixed later. At the same time in 2020 NJ-DOP had zero in column d and that didn't cause any error.
This year TT programmers has wrong requirements that NJ-DOP must match fed form 8949 in columns d, e and f! It won't match in such cases. Program should only match columns f, which is bottom line - gain or loss!
Easy fix. I am telling as a programmer who worked for 30 years for one of the brokerage houses.
Nothing is wrong with form NJ-DOP as it is now in TT. It is only TT who claims it is wrong.
In my case, Fidelity is not providing cost basis on many option transactions (only gain/loss is provided), TT is throwing error on losses that doesn't have cost basis. On TT, I manually updated option transactions that has losses with actual cost basis and proceeds using historical statements.
It does take 2-3 hours to track all historical transactions, if you are in a hurry to file then it is worth an effort. Not sure when TT will update the system again.
What do you mean you updated the cost basis? If you sell a put/call/shares to open, you don’t have a cost basis. So it should report as zero just like on the federal.
@NJHero are you saying the cost basis was blank, rather than having a zero?