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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.

Level 1

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


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