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

Forum|Forum|2 years ago
April 8, 2024
1 reply
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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!

AmyC

Employee

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.

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