Does e-file support multiple entries on NJ Schedule B, Net Gains or Income from Disposition of Property?
Tax practitioners who complete NJ Schedule B for a client using e-file software or NJ WebFile may choose to enter one line of information that summarizes all of their clients transactions. Simply enter various or see attached to describe the kind of property and enter the sum of all transactions in the appropriate fields. The tax practitioner must keep a copy of the attachments in their files for each client for whom they completed NJ Schedule B in this manner. This summarization is for New Jersey purposes only. You may want to check with the IRS to determine the manner in which Federal Schedule D should be completed.
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