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Screen NJPTR - New Jersey Property Tax Reimbursement (1040)

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Overview

Use this screen to enter information and amounts to complete Form PTR-1, PTR-1A, and PTR-1B. This input screen is present after the Property Tax Reimbursement return has been attached to the client. Select
File
,
Client Properties
, the
New Jersey
 tab, and mark the checkbox to attach the Form PTR-1 as another return. Please note that New Jersey doesn't permit reproduction of Form PTR-2.

General Information

Use this section to enter information to complete Form PTR-1, Page 1, PTR-1A, and PTR-1B.
Taxpayer received social security disability
For current and prior year, enter
1
 for Yes, or
2
 for No.
Spouse received social security disability
For current and prior year, enter
1
 for Yes, or
2
 for No.
Lived continuously in New Jersey since 12/31/2011
Enter
1
, Yes, if lived in New Jersey since 12/31/2011, or earlier. This is mandatory to calculate Form PTR-1.
Owned and lived in the home since 12/31/2018
Enter
1
, Yes, if lived and owned the same home since 12/31/2018. This is mandatory to calculate Form PTR-1.
Transfer property information from Screen Prop
If you have entered property information in Screen Prop, entering
X
 transfers that property information to this input screen.
Mobile home owner
Enter
X
 if the taxpayer is a mobile home owner. If this field is blank, UltraTax CS defaults to homeowner. This entry affects how current year property taxes / site fee amounts are treated.

Property Identification

Enter the property tax identification information.

Share of Property Occupied and Property Taxes or Fees

Indicate the details about filing status, property ownership, and property taxes or site fees.
Property taxes or site fees
If
X
 was entered indicating that the taxpayer is a mobile home owner, amounts entered in these fields are treated as site fees. Otherwise, the amounts in these fields are treated as property taxes. The current year amount must be greater than the prior-year amount.

Proof of Taxes or Fees Paid

Use this section to print the PTR-1A or PTR-1B for the taxpayer. These forms require a signature by the taxing authority or mobile home park management. These fields also alter the filing instructions to inform the taxpayer of the additional signature requirements. A global option to default all returns to print the PTR-1A or PTR-1B is available by selecting
Setup
,
1040 Individual
, the
New Jersey
 tab, then
Other Return options
.
Taxpayer needs PTR-1A or PTR-1B
Enter
1
 if the taxpayer requires Form PTR-1A or PTR-1B to prove payment of taxes or mobile home site fees. Enter
2
 for an individual taxpayer that doesn't require Form PTR-1A or PTR-1B when the global option is set to always print the forms. The homeowner will print Form PTR-1A, and mobile homeowners will print Form PTR-1B. If no entry is made in this field, UltraTax CS will follow what is indicated by selecting
Setup
,
1040 Individual
, the
New Jersey
 tab, then
Other Return Options
. When Form PTR-1A or PTR-1B prints, the filing instructions are altered to advise the taxpayer that the forms require a signature by the appropriate taxing authority or the mobile home park management.
Co-op or continuing care retirement facility resident
Mark this box if the taxpayer lives in a co-op or continuing care facility to get the filing instructions that instructs taxpayers what is required to be filed with this return as proof of payment of the share of the taxes for the facility.

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