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Level 2
posted Apr 8, 2024 7:07:41 AM

Where to enter cost of goods to offset consignment store 1099-Misc Lines 3 'Other Income' - New Jersey

All,

 

Thank you for the helpful responses on the Federal return to this question - 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-to-enter-cost-of-goods-to-offset-consignment-store-1099-misc-lines-3-other-income/00/3285541

 

But I think this is getting included as income in my state (NJ) taxes, and I don't see the offset of the cost of goods (although maybe it's buried somewhere?).  If anyone knows if there is something additional I should do, that would be appreciated.

 

Thanks!

 

0 1 1892
1 Replies
Expert Alumni
Apr 12, 2024 2:47:26 PM

I can't think of a good way to subtract it from NJ so I would go around the issue. File the federal return, let it be accepted. Save a copy. Then delete the MISC and file the NJ.