Hi,
I am able to enter inherited property sale in Turbo tax when I chose "Inherited" from dropdown, it does not ask me acquisition data, which then prevents NJ return e-filing. Turbo tax is giving a message that due to inherited in Federal return, NJ return must be mailed. Is there a solution to e-file NJ return?
Turbo Tax Deluxe Windows desktop version.
Thanks!
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Instead of indicating that you inherited the property you could indicate that it was gifted to you or that you bought it. You can then use the date of inheritance as the acquisition date. However, if you do this and you held the property less than a year it will be treated as short-term. I recommend you stick with inherited, e-file your federal return and print and mail your New Jersey return.
Instead of indicating that you inherited the property you could indicate that it was gifted to you or that you bought it. You can then use the date of inheritance as the acquisition date. However, if you do this and you held the property less than a year it will be treated as short-term. I recommend you stick with inherited, e-file your federal return and print and mail your New Jersey return.
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