Screen NJGen - New Jersey General, Income, Amended Return (1041)

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General Information

Enter
X
to indicate this is a New Jersey resident trust with no tangible assets instate, no income from instate sources, and no trustees or executors in New Jersey; but has an institutional trustee with business offices located in the state. If the trust meets these conditions and this field is left blank, the tax does not calculate.

Income / Distributions

The application calculates the
NJ Gain / Loss
column using the
NJ Basis,
If Different
column if non-blank, or the
Federal Basis
column and the
Sales Price
column for items with an
NJ
postal code and
B
type code.
Amounts copy from the federal W2G screen. Forms NJ-1041, Schedule E and NJ-1041SB, Schedule G only include lottery winnings over $10,000 with postal code
NJ,
and are included as other income.
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