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schlager32
Returning Member

When will form NJ-DOP be available in Turbo Tax because it looks like I can find it with Google for 2021?

Is anyone else having an issue where the form isn't adding up your gain losses correctly? My federal shows the correct gain/loss and the NJ form shows a different gain/loss. Spoke to three TT "experts" so far and everyone has been clueless about it.

MarilynG1
Expert Alumni

When will form NJ-DOP be available in Turbo Tax because it looks like I can find it with Google for 2021?

Try this workaround posted by @AnnetteB6:

 

"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.

 

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."

 

 

 

 

@schlager32

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schlager32
Returning Member

When will form NJ-DOP be available in Turbo Tax because it looks like I can find it with Google for 2021?

This doesn't answer my question...I am not getting any error messages. The NJ DOP form is not adding up my gains and losses correctly. In short, as a dumby example, the federal form shows my gains/losses as 1+1=2. The NJ DOP form shows my gains/losses as 1+1=3. No one has been able to give me an explanation of what is going on or how to fix this.

rjs
Level 15
Level 15

When will form NJ-DOP be available in Turbo Tax because it looks like I can find it with Google for 2021?


@schlager32 wrote:

The NJ DOP form is not adding up my gains and losses correctly.


@schlager32  Where do you see a total of gains and losses on Schedule NJ-DOP? There is no total except the "net gains" on line 4. As you said in another thread, that line will be zero if you have an overall net loss, so you don't see an actual total of the gains and losses on the other lines. Are you thinking that line 2 or line 3 is the total of the gains and losses listed on line 1? They are not. Lines 2 and 3 are additional gains from Form 1099-DIV or elsewhere that are added in to Schedule NJ-DOP.

 

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