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- Re: new jersey SEP contribution
new jersey SEP contribution
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claverty
Level 2
yesterday
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A Partnership makes SEP contributions for its partners. They do not flow through to new jersey and reduce partners income or BAIT income. How is that adjusted
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sjrcpa
Level 15
yesterday
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Are they supposed to?
At the federal level this is a separately stated item and is deducted on the partners' personal returns. Wouldn't NJ follow suit?
And does NJ even allow a deduction for this? I know they have different rules about benefits.
The more I know the more I don’t know.
