Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen NJF - New Jersey Farm (1040)
Show all hidden content
Overview
Use this screen to calculate New Jersey net profits from farm income. Data in this input screen transfers from both federal Schedule F and the federal F screen.
Income
Items in this section transfer from the federal F screen. Information in this section is used to calculate the New Jersey Federal Schedule F Reconciliation Worksheet. The worksheet provides a hard copy calculation of New Jersey Schedule F income when different from federal Schedule F income. New Jersey Schedule F income calculated on this worksheet transfers to Schedule NJ-BUS-1 or NJ-BUS-1NR.
2012 law change allows an adjustment to income under the Alternative Business Calculation which will be based on the net business loss from net profits from business, distributed share of partnership income, net-pro rata share of S Corporation income and net gains or net income from rents, royalties, patents and copyrights. Losses should be entered on this screen. Losses aren't reported on the
2024
return but are used to calculate the 2024
Alternative Business Increment Deduction and the 2025
Alternative Business Increment Deduction on the Tax Projection Worksheet.Gross income / Total expenses
For detailed information on the state allocation spreadsheet, see State allocation spreadsheet for business, farm, farm rent, and rent income. Review this information before making entries in these fields.
Additions
Use this section to enter additions to farm income for New Jersey purposes.
Amounts deducted for taxes based on income
UltraTax CS transfers amounts entered on the federal Schedule F,
Taxes / licenses
statement window using the following codes:Code | Description |
|---|---|
6 | State income taxes |
9 | UBT taxes NY |
10 | Local income taxes |
12 | Excise taxes TN |
13 | UBT taxes DC |
14 | MTA taxes NY |
Other additions
Enter other additions to farm income in this statement dialog to create a submittable statement that attaches to the main form.
Subtractions
Use this section to enter subtractions from farm income for New Jersey purposes. Subtractions are limited to income and can't create a loss.
Other subtractions
Enter other subtractions from farm income to create a submittable statement that attaches to the main form.
Depreciation and Dispositions
Use this section to enter depreciation allowed to net farm income for New Jersey purposes.
New Jersey depreciation for assets placed in service prior to 1/1/04 (Force)
State depreciation amounts are automatically used to calculate the net profits from business when the asset module is used to enter asset information. Make an entry in this field to use an amount other than the amount calculated by UltraTax CS, or use this field when the module isn't being used to calculate depreciation.
New Jersey depreciation for assets placed in service after 12/31/03 (Force)
State depreciation amounts are automatically used to calculate the net profits from business when the asset module is used to enter asset information. Make an entry in this field to use an amount other than the amount calculated by UltraTax CS, or use this field when the module isn't being used to calculate depreciation for assets placed in service for tax year 2004 and after.
New Jersey Section 280F recapture (Force)
Make an entry in this field to use an amount other than the section 280F recapture adjustment amount calculated by UltraTax CS.
Gain (loss) from dispositions adjusted for New Jersey depreciation
Unless the entire business unit has been fully disposed as indicated by disposal code
1
or 2
entered in the equivalent federal screen, dispositions that can be identified to a particular unit of the NJC, NJF, NJK1, NJ4835, NJK1T, or NJRent screens are gathered and adjusted for differences in federal versus New Jersey depreciation. These amounts are then added to this unit's net income or loss and reported as such on the New Jersey return. Use this field to override the calculated amount.Amount to be adjusted out of other net gains
The amount calculated on federal Form 4797 for ordinary gains is reduced for those dispositions that are business related or otherwise identified as dispositions reported as business, rental, partnership, S Corporation, or trust and estate gains. The amount appearing in the Calculated column is the gain or loss attributable to this unit as if it were reported on federal Form 4797 (not adjusted for New Jersey depreciation differences). Amounts not appearing in this field are treated as dispositions of a personal nature and are reported as other net gains on Form NJ-1040, Schedule A and B, Schedule B, for resident returns, or on Form NJ-1040NR, Page 3, Part I, for nonresident returns. Every effort has been made to capture all amounts necessary for this calculation. Some gains related to mass dispositions, casualty, and theft, as well as prior year installment gains, aren't available for transfer as either identifiable to a particular activity unit or aren't available as adjusted for New Jersey basis. Use this field to override the calculated amount.
Business related dispositions are reported as business related income. See the worksheets for business income, farm income, partnership income, S Corporation income, farm rental income, and trust and estate income. If this unit has been disposed of in its entirety, the gain / loss from disposition is reported as other net gains on Schedule B for resident returns or on Part I for nonresident returns.