|9a||Ordinary dividends||g||Federal 1040, Line 9a||Enter ordinary dividends (Line 9a) only; ignore qualified dividends (Line 9b)|
|11||Alimony received||m||Federal 1040, Line 11||Enter Alimony received|
|12||Business income or (loss)||j||Federal 1040, Line 12||Enter business income; negative amount is ok (but out of scope for VITA/TCE)|
|13||Capital gain or (loss)||h||Federal 1040, Line 13||Enter capital gain (or loss); negative amount is ok|
|17||Rental real estate, royalties, partnerships, …||+||Federal 1040, Line 17||
If you enter an amount from Line 17, the tool will add lines requesting breakdown amounts for:
|Portion of Line 17 from Rental Income||i||Federal Sch E||Enter any amounts from Sch E which are rents|
|Portion of Line 17 from Royalties||o||Federal Sch E||Enter any amounts from Sch E which are royalties|
|Portion of Line 17 from Partnerships||k||OUT OF SCOPE||Enter Partnership income|
|Portion of Line 17 from S Corporations||l||OUT OF SCOPE||Enter S Corporation income|
|19||Unemployment compensation||d||Federal 1040, Line 19||Includes both unemployment compensation and family leave benefits from 1099-G Line 1|
|20a||Social Security Benefits (do not use Line 20b)||a||Federal 1040, Line 20a||Enter the full amount of Social Security from Line 20a, NOT the taxable amount from Line 20b|
|21||Other Income||+||Federal 1040, Line 21||
If you enter an amount for Other Income, the tool will add lines requesting the different amounts that are included in Other Income.
Obtain this info from the Line 21: Other Income Worksheet (aka 1040 Wkt7) included in the print package.
|Portion of Line 21 from Gambling Winnings||p||Line 21: Other Income Worksheet (aka 1040 Wkt7)||Enter gross gambling winnings|
|Gambling Losses||p||W-2G Detail Report||Enter gambling losses (as a positive number). Tool will calculate net gambling winnings|
|Net Gambling Winnings||p||calculated|
|Portion of Line 21 from Recoveries||Line 21: Other Income Worksheet (aka 1040 Wkt7)||
Enter any PTR or Homestead Benefit amounts which were included on Line 21
Do NOT include any PTR or Homestead Benefit amounts which were netted against current year property taxes on Sch A, Line 6, Box 4
|Remainder of Line 21 not from above||q||calculated|
|15a||Taxable interest income||f||NJ-1040, Line 15a||Enter NJ taxable interest. This amount has already subtracted out any early withdrawal penalty (does not count as income for PTR purposes)|
|15b||Tax-exempt interest income||f||NJ-1040, Line 15b||Enter NJ tax-exempt interest|
|19a||NJ-1040 Line 19a: Pensions, Annuities, and IRA Withdrawals||b||NJ-1040, Line 19a||
Starting point for this section is NJ 1040 Line 19a Pensions, Annuities, and IRA Withdrawals.
TW automatically excludes from Line 19a amounts that are not taxable for NJ:
|plus Military / RRB pensions not included in NJ Line 19a||b||1099-R Detail Report||
Enter taxable amount from 1099-R for military pension(s)
(Payer should be Defense Finance & Accounting Service for military pension)
plus taxable amount from RRB-1099-R for Railroad Retirement Tier 2
|plus Disability pensions (1099-R Code 3) not included in NJ Line 19a||b||1099-R Detail Report||
Enter taxable amount from any 1099-Rs for disability pensions not already included in Line 19a (usually 1099-R disability for recipients under 65)
(If correct adjustment for TW glitch described above was not done, do not enter disability amount for taxpayer in that situation, since already in Line 19)
|plus Qualified Roth IRA distributions||b||1099-R Detail Report||
Enter portion of any non-rollover Roth distributions (1099-R Box 7, Code B, J, Q, or T) not taxed in NJ
Note: Any amount being rolled-over does not need to be entered.
Note: Qualified distributions are not taxed, so the whole amount should be entered here. (Code Q is always qualified; Other codes may or may not be qualified).
Note: Non-Qualified distributions may be (partially) subject to tax and, therefore, included on Line 19|19a - enter only the non-taxed amount here.
Note: If information is available from TP, then only include portion that would be taxable if treated as a regular IRA (as if you had completed NJ IRA Worksheet with all relevant information). If complete info is not available, enter total non-taxed amount.
|minus Regular IRA to Roth IRA conversions included in NJ Line 19a||b||1099-R Detail Report||
Enter conversion amounts from any 1099-Rs that involve conversions from a regular IRA to a Roth IRA
(If this type of conversion occurred, the print package should include a Form 8606 with Part II completed)
|= Amount for PTR Line b||b||calculated||Tool will add in amounts above from military pensions, disability pensions, & qualified Roth IRA distributions. It will subtract regular IRA to Roth conversions. The result will be transferred to Line b|
|W-2 Detail Report|
|Gross Wages column total (Sum of Box 1 from all W-2s)||c||W-2 Detail Report||
Enter the total of the Gross Wages column on the W-2 Detail Report. (Sum of Box 1 from all W-2s)
|Bonuses, Commissions, Fees not included elsewhere||c||Ask TP||Rare - do NOT include amounts already included on W-2s|
|Disability Benefits not included elsewhere (rare)||e||Ask TP||Rare - do NOT include Disability Pensions (1099-R Code 3) or Social Security Disability|
|Inheritances, Bequests, and Death benefits||n||Ask TP||Do NOT include amounts from spouse / Civil Union partner|