DDDad
Level 2
06-01-2021
10:48 AM
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On the NJ PTE form, there is a new Line 1 Smart Worksheet that has recently been added to ProSeries. If you enter on line A the amount of BAIT tax deducted on the federal return, it increases the amount of income subject to BAIT.
Why has ProSeries created this entry? I cannot find any authoritative reason for it.
I was under the impression that NJ was not going to address this until the next tax years filing. NJ specifically announced that they were making no changes to the 2020 filing.
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