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"Property Tax Deduction or Property Tax Credit is claimed" Ref. 42263 Individual NJ diagnostic in ProConnect Tax

by Intuit•2• Updated 2 months ago

When preparing a 1040 Individual return with New Jersey as a state, you may get the following diagnostic:

"When the New Jersey Property Tax Deduction or Property Tax Credit is claimed, the block and lot number are required. This information can be found on the taxpayer's property tax bill or local tax assessor. (ref. #42263)"

ProConnect Tax uses the filing status, age and gross income level of the taxpayer to determine whether to complete Worksheet F - Property Tax Deduction/Credit. If the taxpayer qualifies and has Property Taxes entered on Itemized Deduction ProConnect Tax will generate Worksheet F.

To resolve this diagnostic if the taxpayer is a tenant:

From the Input Return tab, go to State and Local ⮕ Other Credits ⮕ NJ Homestead/Property Tax Deduct.
Enter a 2 in, 1= homeowner, 2= tenant, 3= both (MANDATORY).

To resolve this diagnostic by entering the Block and Lot number:

From the Input Return tab, go to State and Local ⮕ Other Credits ⮕ NJ Property Tax Deduction/Credit.
Enter the Block (ex: Block 3105.62 enter 3105). (required for e-file)
Enter the Block suffix (ex. Block 3105.62 enter 62). (required for e-file)
Enter the Lot (ex: Lot number 14.3 enter 14). (required for e-file)
Enter the Lot suffix (ex: Lot number 14.3 enter 3). (required for e-file)

All four input fields must be completed to resolve this diagnostic. This information can be obtained from a property tax bill or the local tax assessor.

To resolve this diagnostic by suppressing Worksheet F if you don't believe the taxpayer qualifies:

From the Input Return tab, go to State and Local ⮕ Other Credits ⮕ NJ Property Tax Deduction/Credit.
Enter a 1 in, 1= does not qualify, 2= force.

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