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Screen NJBS - New Jersey Balance Sheet and Income Reconciliation (1120)
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Schedule B - Balance Sheet
Subsidiary and corporate stock
Amounts in these statements transfer from the
Other investments
and the Mortgage and real estate loans
boxes in the federal L screen. In order to place the amounts on the line of Form CBT-100 or CBT-100S, Schedule B, enter a class code. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.The class codes are listed in the dropdown list and in the table that follows:
Class Code | Description | Destination |
|---|---|---|
BN | Bonds & notes | Schedule B, Bonds |
CS | Corporate stock (default) | Schedule B, Corporate stocks |
SS | Stock of subsidiaries | Schedule B, Stock of subsidiaries |
New Jersey and other government obligations
Amounts in these statements transfer from the
US government obligations
and Tax-exempt securities
boxes in the federal L screen. Enter a class code to place the amounts on the line of Form CBT-100 or CBT-100S, Schedule B. The class codes are listed in the dropdown list and in the table that follows. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
OO | Other obligations (default) | Schedule B, All other government obligations |
SO | State obligations | Schedule B, NJ and local obligations |
Patents, copyrights, goodwill, other intangibles
Amounts in these statements transfer from
Intangible assets
in the federal L screen. Enter a class code to place the amounts on the line of Form CBT-100 or CBT-100S, Schedule B. The class codes are listed in the dropdown list and in the table that follows. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
DC | Deferred charges | Schedule B, Deferred charges |
GW | Goodwill | Schedule B, Goodwill |
OI | Other intangible personal property (default) | Schedule B, Other intangible assets |
PA | Patents and copyrights | Schedule B, Patents and copyrights |
Federal amounts from Asset Module
When using the asset module, the application transfers amounts to these boxes from
End of Year Amounts from asset module
in the federal L screen.Enter amounts in the
End of Year
boxes to override the federal amounts. If the End of Year
boxes aren't used, the application places the amounts in Schedule B according to the following table.Description | Destination |
|---|---|
Patents, copyrights, goodwill, other intang | Schedule B, All other intangible personal property |
Accumulated amortization | Netted against Schedule B, All other intangible personal property |
Land (net of any amortization) | Schedule B, Land |
Buildings, improvements, and equipment | CBT-100, Schedule B, Machinery and equipment or CBT-100S, Schedule B, Machinery and equipment (net) |
Accumulated depreciation | CBT-100, Schedule B, line 16(a), Less accumulated depreciation or CBT-100S, netted against Schedule B, Machinery and equipment (net) |
Depletable assets | Schedule B, Buildings and other improvements |
Accumulated depletion | CBT-100, Schedule B, line 15(a), Less accumulated depreciation or CBT-100S, netted against Schedule B, Buildings and other improvements |
Accumulated amortization
Amounts in this statement transfer from
Less accumulated amortization
in the federal L screen. These amounts are netted against their associated intangible amounts from Patents, copyrights, goodwill, other intangibles
in transferring to the form. Enter a class code so the application nets with the amounts on the line of Form CBT-100 or CBT-100S, Schedule B. The class codes are listed in the dropdown list and in the table that follows. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
DC | Deferred charges | Netted against Schedule B, Deferred charges |
GW | Goodwill | Netted against Schedule B, Goodwill |
OI | Other intangible personal property (default) | Netted against Schedule B, Other intangible assets |
PA | Patents and copyrights | Netted against Schedule B, Patents and copyrights |
Capital Assets: Buildings, improvements and equipment
Amounts in this statement transfer from
Buildings and other depreciable assets
in the federal L screen. In order to place the amounts on the line of Form CBT-100 or CBT-100S, Schedule B, enter one of the class codes listed in the dropdown list and in the following table. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
BG | Buildings and other improvements | CBT-100, Schedule B, Buildings and other improvements or CBT-100S, Schedule B, Buildings and other improvements |
ME | Machinery and equipment (default) | CBT-100, Schedule B, Machinery and equipment or CBT-100S, Schedule B, Machinery and equipment (net) |
Capital Assets: Accumulated depreciation
Amounts in this statement transfer from
Less accumulated depreciation
in the federal L screen. In order to place the amounts on the line of Form CBT-100 or CBT-100S, Schedule B, enter one of the class codes listed in the dropdown list and in the following table. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
AB | Accumulated depreciation - buildings | CBT-100, Schedule B, line 15(a), Less accumulated depreciation or CBT-100S, netted against Schedule B, Buildings and other improvements |
AM | Accumulated depreciation - machinery (default) | CBT-100, Schedule B, line 16(a) Less accumulated depreciation or CBT-100S, netted against Schedule B, Machinery and equipment (net) |
Capital Assets: Depletable assets
Amounts in this statement transfer from
Depletable assets
in the federal L screen. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Capital Assets: Accumulated depletion
Amounts in this statement transfer from
Less accumulated depletion
in the federal L screen. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Other assets
Amounts in the statements attached to these boxes transfer from
Other assets
in the federal L screen. In order to place the amounts on the line of Schedule B, enter one of the following codes. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application shows the modified column in black and won't replace the new data with subsequent federal-to-state data transfers.Class Code | Description | Destination |
|---|---|---|
OI | Other intangible personal property | Schedule B, Other intangible assets |
OT | Other tangible property (default) | Schedule B, Other tangible assets |
Schedule C - Reconciliation of Income and Books
New Jersey adjustment (Force)
The application automatically transfers data from Schedule M-1 of the federal return to Schedule C. The application also automatically calculates a New Jersey adjustment for the difference between Schedule C, line 10 and the line on Schedule A. To change the calculated adjustment; enter an amount in this box. To delete this item from the printed statement, enter
0
(zero). If 0
is entered, the application doesn't include the item in the printed statement nor in the amount shown on the form.Federal S Corp Filing CBT-100 Schedule C-1 (C Corp)
Other increases / Other decreases
For S Corporations, the application automatically transfers data from the federal Schedule M-2 Worksheet to these boxes. Use the statements to change the increases and decreases to unappropriated retained earnings for Schedule C-1 to assure that the detail agrees with the amount on the form.
Distributions
Distributions in this statement transfer from federal Form 1120S. In order to place the amounts on the lines of Form CBT-100, Schedule C-1, enter the correct class codes. The codes are listed in the dropdown list and in the table that follows:
Class Code | Description | Destination |
|---|---|---|
C | Cash (default) | Schedule C-1, line 5a |
P | Property | Schedule C-1, line 5c |
S | Stock | Schedule C-1, line 5b |
New Jersey adjustment (Force)
The application automatically calculates a New Jersey adjustment for the difference between the federal Form 1120S, Schedule L, end-of-year balance for Retained Earnings and the federal Form 1120S, Schedule M-2 or M-3. To change the calculated adjustment; enter an amount in this box. To delete this item from the printed statement, enter
0
(zero). If 0
is entered, the application doesn't include the item in the printed statement nor in the amount shown on the form.