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This article applies to:

  • Product: UltraTax CS
  • Return type: 1120 Corporation
  • State: New Jersey

Prepare a CBT-100U

Form CBT-100U is for New Jersey combined unitary returns and will only show when attached to a consolidated federal return. Do the following to prepare a CBT-100U:
  1. Create the subsidiary, parent, and elimination returns.
  2. Create a new Consolidated C return and add all subsidiary, parent, and eliminations returns.
  3. In the consolidated return, select
    File
     then
    Client Properties
    .
  4. Select
    Add State
     to add New Jersey. Select
    Combined
     in the
    Add State
     screen.
  5. Select
    OK
     to close the
    Client Properties
     screen.
  6. The CBT-100U will now show in Form View.

Include an S corporation as a member of a New Jersey combined unitary return on Form CBT-100U

New Jersey Combined Unitary Return, Form CBT-100U, is supported when the federal return is a consolidated C corporation and New Jersey is attached as a combined return.
note
New Jersey S corporations aren't required to join in a combined New Jersey return.
New Jersey S corporations that choose to join in a New Jersey combined return should do the following:
  1. Open the member S corporation return that's joining the New Jersey combined return.
  2. Select
    File
    , then
    Save As
     to create a client that mirrors the member client.
  3. In the newly created client, select
    File
     then
    Client Properties
    .
  4. Choose
    C Corporation
     for both Federal and New Jersey.
  5. Select
    OK
     when you're finished.
  6. Review the member return and clear all critical and ELF critical diagnostic messages.
  7. From within the consolidated C corporation return, select
    File
    ,
    Client Properties
    , then
    Advanced Properties
     and add the member to the return.
  8. Enter all required information on the
    NJAffil
     screen. If it's a New Jersey S corporation, mark the
    Member has a New Jersey S election
     checkbox.
  9. Make sure the return is complete and accurate and all critical diagnostic messages are cleared.
  10. Create the electronic file by first closing the combined client, then select
    File
    , then
    Print Returns
    .
  11. Select
    Government Copy
    , then
    Create electronic file
    .
  12. Select all members of the combined New Jersey return.
  13. Transmit the electronic file via CS Connect.

Include a member with a different fiscal year in a New Jersey combined return on Form CBT-100U

Do the following to attach a member to a combined New Jersey return when the member's fiscal year ends prior to that of the parent member:
  1. Open the return of the member whose fiscal year ends prior to that of the parent member.
  2. Select
    File
     then
    Save As
     to create a client that mirrors the parent member.
  3. On the 1120 federal screen, change the fiscal year to match the parent member.
  4. Review the member return and make adjustments as needed.
  5. In the consolidated C corporation return, select
    File
    , then
    Client Properties
    , followed by
    Advanced Properties
    .
  6. Add the member to the return.
  7. In the member return, go to the
    NJAffil
     screen and use the Force fields
    Member fiscal year beginning date
     and
    Member fiscal year ending date
     to enter the member's actual fiscal year dates.
  8. Make sure the return is complete and accurate and clear all critical diagnostic messages.
  9. Create the electronic file by first closing the combined client return, then select
    File
    , followed by
    Print Returns
    .
  10. Select
    Government Copy
    , then
    Create electronic file
    .
  11. Select all members of the combined New Jersey return.
  12. Transmit the electronic file via CS Connect

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