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NJ CBT 1065

perry300
Level 1

I'm working on a NJ CBT 1065.  The net income is just over $1,000 and the tax on the return is almost $5,000.  This doesn't make sense.  Any ideas would be helpful.

Thanks,

Perry

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1 Comment 1
sjrcpa
Level 15

What kind of business is it?

How many partners?

How many of them are NJ residents?


Ex-AllStar