Sch NJ-DOP: column d - Price cannot be greater than the federal amount

[ngozman]

There is a section for NJ-DOP if you reported investment income. 

It has all the same lines as in TT. 

[shaomei16]

@fanfare 

I think we are in trouble.

on the line to fill capital gain/loss, it gives you the link for NJ-DOP and instructions.

the intructions is below.

it wouldn't mandate the form because it doesn't know if you have stock sales or not.

0 mean no stock sale at all or loss(my case).

in document uploading, I uploaded federal return and W2.

----------------------------

Line 19 – Net Gains or Income From
Disposition of Property
Complete Schedule NJ-DOP and enter the amount from line 4.
If the amount on line 4 is a loss, make no entry on line 19.
Do not include on Schedule NJ-DOP:
• Gains/losses from the disposition of property owned by
a sole proprietorship, a partnership, or an S corporation.
Report on Schedule NJ-BUS-1;
• Gains/losses from the disposition of property owned by
an estate or trust (other than a grantor trust). Report on
line 26.
Enclose Schedule NJ-DOP with your return

[shaomei16]

@alanhelm 

I believe the issue had been there(not ue to 3/3 release) because I had this issue on 2/27.  it allowed me to file federal. 

[alanhelm]

okay, but it was not there for me prior to the 3/3 TT updates.

[jbarre02]

Me too.  Same error.  This is a software problem.  Please fix it!

[fanfare]

"I think we are in trouble."

@shaomei16 

OK sorry if I put you ( and any others)  on a wild goose chase. 

Since you had a loss it won't matter to your return.

You should have the ACCEPTED message today if not already and an APPROVED in a week or so.

[ngozman]

If you delete lines with losses that will increase your income and hence taxes. 

Besides you would have discrepancies between your federal and state taxes.

[shaomei16]

@fanfare 

don't be sorry at all. we are sharing info here and help each other.

besides, I was gone to do that anyway. I used the online filing once quite a few years ago.

I already  downloaded NJ return from TT which has NJ-DOP, I should have uploaded it to online filing.  didn't think of that last night.

yes, since it is loss anyway, if there is trouble, it shouldn't be big. the worst is to print NJ-DOP and amend it.

[fanfare]

@ngozman 

No, NJ does not allow a reported loss below 0.

[ngozman]

All those lines TT gives errors are losses. NJ-DOP reports losses different from federal 8949.

NJ-DOP moves zero to column d (proceeds) and positive number in column e (cost basis). That gives loss in column e (negative number).  And there is nothing wrong there! NJ-DOP the way it is in TT is correct! 

We can print it and mail to NJ taxation. 

TT must remove that checking with federal amount. 

This is really stupid programming. TT created form NJ-DOP using federal data and yet it complains that numbers don't match. 

[fanfare]

What  I meant to say was NJ does not allow a net loss less than zero on NJ-1040 line 19.

[longtimeuser20]

There is a 3/11/2022 version of TT Program Updates and NJ version remains at 3/3/2022 as of now.

However the exact issue remains:

Sch NJ-DOP: column d - Price cannot be greater than the federal amount

Still waiting for the fix... :(

[midsgt]

I am having same problem but with TD. All TT tells me when I call is that they are aware of problem and working on a fix possibly by end of month.

[midsgt]

I think you are right not sure why TT can't come up with an easy fix for this.

[alanhelm]

I also spoke with TT last night. Also told me they are aware of the issue and working on it. Can't believe this is difficult to fix (it was not broken prior to the 3/3/22 NJ update). I asked that TT post status to this discussion to keep us updated on the fix. He said they would, we'll see.