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- NJ Form 1041 - Line 18 - Exemptions
NJ Form 1041 - Line 18 - Exemptions
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Cricket0712
Level 2
Wednesday
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I am working on a NJ Form 1041 return. Line 18 - Exemptions is supposed to be populated with $1,000. I am not seeing this on my return. Any one knows how to troubleshoot this issue?
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Cricket0712
Level 2
Wednesday
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To clarify, I am working on a complex trust. fiscal year end is December. Trust is a full resident of NJ for the full year (all 12 months).
Cricket0712
Level 2
Wednesday
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Nevermind. It looks like ProConnect does not activate the $1,000 exemption on a NJ tax return (Form 1041) when the income is below $10,000 as there is no tax due when income is less than $10,000.
