Form Nj 1040 Schedule Nj Bus 1 PDF Details

In the landscape of tax filing within New Jersey, the NJ-1040 Schedule NJ-BUS-1 form stands as a pivotal document for summarizing business income. Designed for those reporting their earnings to the New Jersey Division of Taxation, it meticulously categorizes income into four main parts: net profits from businesses, distributive share of partnership income, net pro-rata share of S corporation income, and net gains or income from rents, royalties, patents, and copyrights. This form, essential for individuals who have engaged in any business activity within the fiscal year, requires detailed financial information, including social security numbers or Federal EINs, alongside the names of businesses or partnerships and the precise profit or loss incurred. Instructions accompanying each section guide taxpayers on how to accurately report their income, ensuring that both profits and losses are duly accounted for. The nuanced structure of the NJ-BUS-1 highlights the state's commitment to capturing a comprehensive snapshot of business-related income, facilitating a clearer understanding of an individual's fiscal responsibilities and contributions to New Jersey's economic ecosystem.

QuestionAnswer
Form NameForm Nj 1040 Schedule Nj Bus 1
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesTax2013NJ_resbu s1_20131021 schedule of bus in the form of pic

Form Preview Example

SCHEDULE

NEW JERSEYGROSS INCOME TAX

2013

NJ-BUS-1

BUSINESS INCOME SUMMARYSCHEDULE

(Form NJ-1040)

 

 

Name(s) as shown on Form NJ-1040

Your Social Security Number

PART I NET PROFITS FROM BUSINESS

List the net profit (loss) from business(es). See instructions.

 

 

 

Business Name

Social Security Number/

Profit or (Loss)

Federal EIN

 

 

1.

 

 

2.

 

 

3.

 

 

 

 

 

 

 

4.

Net Profit or (Loss). (Add Lines 1, 2, and 3.)

 

 

 

(Enter here and on Line 17. If loss, make no entry on Line 17.)

. . . . . . . . . . . . . . . . . . . .

4.

 

 

 

PART II DISTRIBUTIVE SHARE OF PARTNERSHIPINCOME

List the distributive share of income (loss) from partnership(s).

See instructions.

 

 

 

 

 

 

Partnership Name

Federal EIN

Share of Partnership

 

Income or (Loss)

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

4.

Distributive Share of Partnership Income or (Loss). (Add Lines 1, 2, and 3.)

 

 

 

 

 

 

 

 

(Enter here and on Line 20. If loss, make no entry on Line 20.)

. . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.

 

 

 

PART III NET PRO RATASHARE OF S CORPORATION INCOME

List the pro rata share of income (loss) from S corporation(s).

 

 

 

 

 

 

See instructions.

 

 

 

S Corporation Name

 

 

 

 

Federal EIN

 

Pro Rata Share of S Corporation

 

 

 

 

 

 

Income or (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

Net Pro Rata Share of S Corporation Income or (Loss). (Add Lines 1, 2, and 3.)

 

 

 

 

 

 

 

(Enter here and on Line 21. If loss, make no entry on Line 21.)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

 

 

 

 

 

 

 

 

 

 

 

 

 

NET GAINS OR INCOME FROM RENTS,

 

 

List the net gains or net income, less net loss, derived from or in the form of

 

 

 

rents, royalties, patents, and copyrights. See instructions.

PART IV ROYALTIES, PATENTS, AND COPYRIGHTS

 

 

 

 

Type of Property: 1-Rental real estate

2-Royalties 3-Patents 4-Copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source of Income or Loss. If rental real estate,

 

Social Security Number/

Type - Enter

 

 

 

 

 

number from

 

Income or (Loss)

 

enter physical address of property.

 

 

Federal EIN

 

 

 

 

 

 

list above

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

 

 

 

 

 

 

 

 

 

 

 

4.

Net Income or (Loss). (Add Lines 1, 2, and 3.)

 

 

 

 

 

 

 

 

 

 

 

(Enter here and on Line 22. If loss, make no entry on Line 22.)

. . . .

. . . . . .

. . . .

. . . . . . .

. 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How to Edit Form Nj 1040 Schedule Nj Bus 1 Online for Free

With the online PDF editor by FormsPal, it is easy to complete or edit Form Nj 1040 Schedule Nj Bus 1 here. The tool is consistently updated by our staff, getting new awesome features and becoming a lot more convenient. Getting underway is effortless! All you should do is follow the next simple steps below:

Step 1: Open the form inside our tool by hitting the "Get Form Button" at the top of this webpage.

Step 2: With our advanced PDF editing tool, you can accomplish more than just complete blanks. Try all of the functions and make your forms appear sublime with customized text incorporated, or tweak the original content to perfection - all comes along with an ability to incorporate your own graphics and sign the file off.

This PDF form will need particular information to be filled out, thus be certain to take some time to enter precisely what is required:

1. Complete the Form Nj 1040 Schedule Nj Bus 1 with a number of necessary fields. Gather all of the important information and be sure absolutely nothing is neglected!

Part # 1 for completing Form Nj 1040 Schedule Nj Bus 1

2. After the previous segment is done, you're ready to include the necessary particulars in Distributive Share of Partnership, Enter here and on Line If loss, PART III NET PRO RATA SHARE OF S, List the pro rata share of income, S Corporation Name, Federal EIN, Pro Rata Share of S Corporation, Income or Loss, Net Pro Rata Share of S, Enter here and on Line If loss, PART IV, NET GAINS OR INCOME FROM RENTS, List the net gains or net income, Source of Income or Loss If rental, and Social Security Number allowing you to move forward further.

Learn how to fill out Form Nj 1040 Schedule Nj Bus 1 stage 2

Be very mindful while completing List the net gains or net income and Pro Rata Share of S Corporation, since this is where most users make a few mistakes.

3. Completing Net Income or Loss Add Lines, and Enter here and on Line If loss is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Enter here and on Line If loss, Net Income or Loss Add Lines, and Enter here and on Line If loss inside Form Nj 1040 Schedule Nj Bus 1

Step 3: Before finalizing your document, it's a good idea to ensure that form fields are filled out properly. The moment you think it's all fine, click “Done." Join us now and immediately obtain Form Nj 1040 Schedule Nj Bus 1, set for downloading. All modifications you make are kept , which means you can customize the form further if needed. FormsPal ensures your information privacy with a protected method that in no way saves or distributes any kind of private information involved in the process. Rest assured knowing your paperwork are kept protected any time you work with our services!

Form Nj 1040 Schedule Nj Bus 1 isn’t the one you’re looking for?

Related Documents