The New Hampshire Business Enterprise Tax return, Form BET, is required for some Schedule Cs that exceed the gross receipts or enterprise value tax base threshold.
- Go to Screen 16, Business Income (Sch. C).
- Enter the information for each business, making sure to select the appropriate entry for Taxpayer, Spouse, or Joint.
- Go to Screen 54, State Tax.
- Select the New Hampshire Business Return Information section.
- In the General Information section, choose one of the following options for Sole Proprietorship Return Type:
- Blank=separate entities
- 1=taxpayer: If only the taxpayer needs to file a business return, enter a 1. The program uses all amounts assigned to the taxpayer when completing the BET and BPT.
- 2=spouse: If only the spouse needs to file a business return, enter a 2. The program will use all amounts assigned to the spouse when completing the BET and BPT.
- 3=joint: If the taxpayer and spouse jointly own the entity, enter a 3. The program will combine all amounts and complete the business return.
- Complete any additional information required on Screen 54.311, NH Business Return Information.