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NJ does not take negative income or income adjustment?

puravidapto
Level 7

I have a form 1099-K that has (simplified) 1700 total and its summary says:

- Gross payments $1,700
- Refunds -$1,200

I report on Schedule 1:

- Line 8z 1700
- line 24z 1200

No problem for federal. However NJ only takes 1700 not not 1200. Is this correct? Anything I can do? I feel this is extremely unfair, how can I explain this to client? Thanks.

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1 Comment 1
George4Tacks
Level 15

Maybe use Schedule C?


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