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Screen NJAB - New Jersey Interest Addback (1120)

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Interest Addback

Amount deducted
Enter the amount of interest paid to a related member. The application completes Form CBT-100 or CBT-100S, Schedule G, Part I with this amount.

Payee Member in Foreign Nation

Amount deducted
Enter the amount of interest included in Form CBT-100 or CBT-100S, Schedule G, Part I that was paid to a related member in a foreign nation. This amount transfers to the Less: exceptions line of Form CBT-100 or CBT-100S, Schedule G, Part I.

Payee Member Taxed Elsewhere

Amount of interest claimed as deductible
Enter the amount of interest included in Form CBT-100 or CBT-100S, Schedule G, Part I that was paid to a related member taxed in another state. The application calculates the amount to transfer to the Less: exceptions line of Form CBT-100 or CBT-100S, Schedule G, Part I.

Exception 3 - Payee Member Files Return in New Jersey

Amount of interest claimed as deductible
Enter the amount of interest included in Form CBT-100 or CBT-100S, Schedule G, Part I that was paid to a related member filing in New Jersey. The application calculates the amount to transfer to the Less: exceptions line of Form CBT-100 or CBT-100S, Schedule G, Part I.

Exception 4 - Independent Lender Payee

Amount deducted
Enter the amount of interest included in Form CBT-100 or CBT-100S, Schedule G, Part I that was paid to an independent lender. This amount transfers to the Less: exceptions line of Form CBT-100 or CBT-100S, Schedule G, Part I.

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