New Jersey tax credit

[lesroz]

Does anyone have information on the NJ-COJ for Self employed resident of NJ with their income coming from NYC Schedule C?

[Accountant-Man]

Why would NJ resident file a NYC return? NYS yes, and income tax credit and COJ for NYS tax.

[lesroz]

There is a NYC filing (NYC UBT)_ and tax for unincorporated business operating in NYC. A NYS tax return is also filed.

[George4Tacks]

Is the taxpayer a NJ full year resident? 

[sjrcpa]

I think this would fall under credit for tax paid to another state/locality.

Unless NJ cooked up something special for self-employeds.

[George4Tacks]

See Example 12 on page 40 https://www.nj.gov/treasury/taxation/pdf/pubs/tgi-ee/git3b.pdf

[sjrcpa]

It's amazing what you can find when you read the instructions.