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New Jersey Partnership tax treatment of Federal Section 481(a) adjustment

kathyscpa
Level 2

For 2019, I have a federal Section 481(a) deduction for change in prior year asset lives and depreciation.

1.   I do not know if NJ 1065 allows the deduction.

      The loss from the federal return carries right over to the NJ 1065 return.

 

2. How do I adjust the NJ Partnership return if not allowed. I do not want to override        the net loss that carries over directly from the federal return.

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