Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
k1
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Devikaramp
Level 1
05-03-2021
11:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi,
NJ BAIT - PASS-THRU ENTITY TAXES :
I have a partnership entity in which we paid the PTE taxes for the partners. The taxes are taken as a Federal deduction on form 1065, my question is where do i add back the payment on the NJ state side of the Individual tax returns?
Example the partnership paid $200k for the partners and this reduces the taxable income on the Federal K1. So we need to add back the $200k to the K1 income on the Individual returns on NJ State - can anyone help me with this?
Thank you
Devika
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
