If you are seeing error messages with regard to the NJ-DOP stating that 'amount cannot be greater than the federal amount', then this can be fixed using the workaround below so that your return can be filed. Additionally, the issue has been brought to the attention of the developers and is being looked at further.
Do not attempt to fix the situation during the Final Review process. Only one of the two fields that need to be changed is accessible during the review. Instead, make note of the transactions that are in red because those are the ones you will need to search for in the Federal return.
Use these steps:
- Go to the Investment Income > Stocks, Mutual Funds, Bonds, Other section of your Federal return and click Edit or Update
- Click Edit beside the financial institution name
- Scroll through the entries until you find the one that matches the error message details (you should see a negative number in the Gross Proceeds column
- Click Edit beside the transaction
- Enter the negative number reported in box 1d as a positive number in box 1e
- Enter a zero in box 1d
- Make no other changes for this transaction and click Continue until you are back to the list of all transactions
- Repeat the steps as necessary
When you run the Final Review again, the NJ-DOP errors should be cleared.
If you have too many transactions that would require editing, you can consider deleting your imported information and entering a summary of the different categories of transactions reported on your Form 1099-B (short-term covered, short-term not covered, long-term covered, long-term not covered). This may require you to mail a copy (not the original) of your Form 1099-B from your brokerage to the IRS within three days of filing your return. The Form 1099-B would be attached to Form 8453, which will print with your return.
Or, if you are using TurboTax Online, there is an option to upload a copy of your Form 1099-B to be included as part of your return. This option does not require you to mail anything to the IRS.
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