Most NJ passthrough entities (1065 and 1120S) will be using making this election and need support for this form.
I believe I have figured it out. Primarily, one has to make an entry on Schedule D as to how much, if any, capital gain will be treated as distributable. Then, ...
I quote from the tax advisor, August 2014 on distributable net income. I have failed in attempting to do this in my ProSeries software. Any ideas on how to do i...