Triva isn't available right now.
Check out the support page for our phone number and hours
Shareholder Information > New Jersey tab
Show all hidden content
Use the state tabs in the
Shareholder Information
window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
window, then the state tab.Fields and buttons — New Jersey information group box
Nonresident filer
If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to treating the shareholder as consenting to file their own New Jersey tax return.
Code | Description |
|---|---|
1 | Consenting shareholder (default) .This is the default filing for a nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is not subject to withholding. When you select this option, UltraTax CS does not calculate tax due on behalf of this shareholder. |
2 | Nonconsenting shareholder .Select 2 for any shareholder who does not consent to file an individual New Jersey return and does not join in the filing of a composite return on behalf of the nonresident shareholder. UltraTax CS calculates the tax due on behalf of this shareholder on Form NJ-K-1, Part II and uses the amount on Form CBT-100S, Schedule K, Part VII, column (F), and Form CBT-100S, Page 1. |
3 | Composite filer Select 3 to indicate that the corporation is filing a composite return on behalf of a nonresident shareholder. If you select 3 and go to File , then Client Properties to select NJ-1080C Composite Return , UltraTax CS completes Form NJ-1080C — Nonresident Composite Return and calculates the net tax due for all composite nonresident shareholders. |
Interest reported on Form 1099 INT
Enter the amount reported on Form 1099-INT for this shareholder. This amount appears on Form NJ-K-1, Part V.
Debt from corporation to shareholder
Enter the amount of debt from the corporation to this shareholder. This amount appears on Form NJ-K-1, Part V.
Debt from shareholder to corporation
Enter the amount of debt from the shareholder to the corporation. This amount appears on Form NJ-K-1, Part V.
Date stock fully disposed
Enter the date on which the stock owned by the shareholder was fully disposed. UltraTax CS displays this date on Schedule NJ-K-1.
Supplemental information
Use this statement for supplemental information specific to each shareholder and for items that are not pro rata. If you have pro rata items that need to be reported to each shareholder, use Section A on the
NJKSep
screen. UltraTax CS prints the information you enter in this statement in the shareholder's NJ Schedule K-1 statements.Fields and buttons — Schedule K, Part IV group box
NJ E & P: Beginning Balance
Enter the beginning balance of the New Jersey Earnings and Profits account for new clients. This information is proforma'd for clients with prior-year data. If you leave this field blank, UltraTax CS uses the shareholder's pro-rata share from Form CBT-100S, Schedule K, Part IV.
NJ E & P: Distributions (Force)
UltraTax CS/1120-NJ uses federal distribution amounts, federal methods, and New Jersey account amounts to classify New Jersey distributions. If you want a different distribution, use this field to specify a distribution (dividend) from the New Jersey Earnings and Profits account.
note
If you enter an amount in any distribution field to get a different distribution, you'll need to enter an amount for each shareholder for all of the New Jersey Earnings and Profits, New Jersey Accumulated Adjustments Account, and the Non-New Jersey Accumulated Adjustments Account accounts.
NJ AAA: Beginning Balance
Enter the beginning balance of the New Jersey Accumulated Adjustments Account for new clients. This information is proforma'd for clients with prior-year data. If you leave this field blank, UltraTax CS uses the shareholder's pro-rata share from Form CBT-100S, Schedule K, Part IV.
NJ AAA: Distributions (Force)
UltraTax CS/1120-NJ uses federal distribution amounts, federal methods, and New Jersey account amounts to classify New Jersey distributions. If you want a different distribution, use this field to specify a distribution from the New Jersey Accumulated Adjustments Account.
note
If you enter an amount in any distribution field to get a different distribution, you'll need to enter an amount for each shareholder for all of the New Jersey Earnings and Profits, New Jersey Accumulated Adjustments Account, and the Non-New Jersey Accumulated Adjustments Account accounts.
Non NJ AAA: Beginning Balance
Enter the beginning balance of the Non-New Jersey Accumulated Adjustments Account for new clients. This information is proforma'd for clients with prior-year data. If you leave this field blank, UltraTax CS uses the shareholder's pro-rata share from Form CBT-100S, Schedule K, Part IV.
Non NJ AAA: Distributions (Force)
UltraTax CS/1120-NJ uses federal distribution amounts, federal methods, and New Jersey account amounts to classify New Jersey distributions. If you want a different distribution, use this field to specify a distribution from the Non-New Jersey Accumulated Adjustments Account.
note
If you enter an amount in any distribution field to get a different distribution, you'll need to enter an amount for each shareholder for all of the New Jersey Earnings and Profits, New Jersey Accumulated Adjustments Account, and the Non-New Jersey Accumulated Adjustments Account accounts.
Fields and buttons — Alternative tax
Shareholder type
Enter a code from the following table or select a code from the dropdown list to indicate the shareholder type of each shareholder. The shareholder type code displays on Form PTE-100, Page 2 – Members Directory. When a shareholder type isn't selected for a shareholder, UltraTax defaults to the code based upon information present elsewhere in the
Shareholder information
window.Code | Description |
|---|---|
RI | New Jersey Resident Individual |
NR | Nonresident Individual |
PI | Part-Year Resident Individual |
RP | New Jersey Resident Partnership |
NP | Nonresident Partnership |
RT | New Jersey Resident Trust |
NT | Nonresident Trust |
RE | New Jersey Resident Estate |
NE | Nonresident Estate |
RC | New Jersey Corporation |
FC | Non-New Jersey Corporation |
RO | New Jersey Resident Other |
NO | Nonresident Other |
Disregarded Entity
Mark this checkbox when the shareholder is a disregarded entity. Marking this checkbox also marks the corresponding checkbox on the shareholder’s Schedule PTE-K-1.