Frank1108
Level 1
‎04-05-2023 11:06 AM

Hi,

I am preparing a partnership tax return and the partnership incurred $95k of short term capital stock losses. The  loss flowed from Federal Form 1065 to New Jersey NJ-1065 on line 8. Since the amount is a loss, should it be added back as an "other Addition" on line 13b of Form NJ-1065.

Many thanks as I am trying to finish this tax return.

Frank 

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Intuit_Matt B
Employee
Employee
‎04-18-2023 12:25 PM

I don't believe the loss should be added back on Line 13 but is there a specific reason/instructions that says it should be that I may be missing?

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Skylane
Level 11
Level 11
‎04-18-2023 03:17 PM

Pretty sure NJ doesn’t recognize the loss. Check instructions And look at the NJ K1

If at first you don’t succeed…..find a workaround
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