turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Daisy2025
Returning Member

Turbotax deduct on CD early withdraw penalty on the NJ state income.

I see on my generated NJ 1040 line 16 a for total interest is a bit less than the total interest list in Federal 1040. The difference seems like NJ 1040 is display value that total - early withdraw penalty CD fee. My understand is that for Federal, this is deductible, but NJ State it should not. Can someone please advise on it?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question