Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Proforma Improvement - New Jersey PTE Overpayment Applied to Next Year


The Partnership & S Corporate New Jersey Pass-Through Business Alternative Income Tax Calculation allows you to credit your PTE overpayment to the next tax year.

New! Beginning in ProConnect Tax 2022, these amounts will proforma to the next tax year eliminating the need to manually track and enter.


Amounts will transfer to State and Local > Estimates > New Jersey Estimates, in the field Overpayment applied from 20XX.

S Corporate:

Amounts will transfer to Payments, Penalties & Extensions > Estimated Tax > Other State and Local, within the section for 20XX New Jersey Pass-Through Entity Estimates (PTE-150), in the field for Overpayment applied from 20XX .

0 Cheers