Alternative business calculation adjustment

You can net business, farm, partnership, S corporation, and rental income and losses on Schedule NJ-BUS-2 to calculate the alternative business calculation adjustment on NJ-1041, line 20.
If you have income from a business of $10,000 and a rental loss of -$3,000, you can offset the loss against the income. UltraTax CS then multiplies the $7,000 by a factor (50% in 2017) and that adjustment transfers to Form NJ-1041, line 20.
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