Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- MAJOR ERROR!!!!!! NJ 1065, NJ PTE100 return does not allocate taxes paid by ownership percent but equally based on no. of members. PTE100 k-1 should be allocated same as NJ1065-k1.
MAJOR ERROR!!!!!! NJ 1065, NJ PTE100 return does not allocate taxes paid by ownership percent but equally based on no. of members. PTE100 k-1 should be allocated same as NJ1065-k1.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
AnnJ
Level 1
02-06-2024
02:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The NJ return calculates K-1's correctly based on ownership percentages. However, the NJ PTE-100 calculates PTE-100 K-1's equally based on number of total partners.
This causes you to have to override income and taxes on each of the K-1's on the NJ PTE-100. Appears to be no other solution
Labels
