Form Nj 1065 Schedule A PDF Details

The NJ 1065 Schedule A form plays a crucial role for partnerships operating in New Jersey, especially those involved in tiered partnership structures. It's designed to ensure accurate reporting and calculation of income that flows through multiple partnership layers before reaching the final tier where it is reported on Form NJ-1065. The form consists of detailed sections aimed at breaking down the partnership income, including ordinary income from trade or business activities, net income from rental real estate and other rental activities, interest income, dividend income, and more. Each section requires partnerships to report amounts from their federal Schedule K and make necessary adjustments based on income derived from other partnerships. This meticulous approach provides clarity on the actual amount earned by the partnership after subtracting the income attributed to other partnerships. The form also includes a summary of NJK-1 schedules received from other partnerships, further ensuring that all distributive shares of income or losses are accurately reflected. By completing the NJ 1065 Schedule A form, partnerships can navigate the complexities of tiered partnership income reporting, ensuring compliance with New Jersey's state tax obligations.

QuestionAnswer
Form NameForm Nj 1065 Schedule A
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesform nj 1065, NJK-1, IRC, TIERED

Form Preview Example

NJ-1065 - 1999

SCHEDULE A

Partnership name as shown on Form NJ-1065

Federal EIN

 

SCHEDULE A

TIERED PARTNERSHIPS

 

 

 

 

 

(Complete this schedule before completing Form NJ-1065)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Column A

 

Column B

Column C

 

PART I PARTNERSHIP INCOME

Amounts Reported by

 

Portion of Amount in

Amount Earned by

 

 

this Partnership on

 

Column A Earned by

this Partnership

 

 

 

 

 

 

 

 

 

 

 

Federal Schedule K

 

Other Partnerships

(A minus B)

 

 

 

 

 

 

 

 

 

1

Ordinary income (loss) from trade or business activities

1

 

 

 

 

 

2

Net income (loss) from rental real estate activities

2

 

 

 

 

 

3

Net income (loss) from other rental activities

3

 

 

 

 

 

4

Interest Income

 

4

 

 

 

 

 

5

Dividend Income

 

5

 

 

 

 

 

6

Royalty Income

 

6

 

 

 

 

 

7

Net gain (loss) from disposition of property

7

 

 

 

 

 

8

Guaranteed payments to partners

8

 

 

 

 

 

9

Net IRC section 1231 gain (loss)

9

 

 

 

 

 

10

Other income (loss)

 

10

 

 

 

 

 

11

Tax exempt interest income

11

 

 

 

 

 

 

 

 

 

 

 

 

 

Use the amounts reported in Column C to complete Lines 1 through 11 on Form NJ-1065

Lines 1 - 11

Column A: Follow the instructions for lines 1 through 11 of the NJ-1065 found on page 4.

Column B: Enter the portion of each amount reported in Column A that was derived from other partnerships. For each line, this will be the sum of the amounts reported for the corresponding category on the Federal Schedule K-1(s) furnished to your partnership by each subsidiary partnership in which it is a member.

Column C: For each line 1 through 11, subtract the amount reported in Column B from the amount reported in column A. Enter the difference in Column C of that line and on the corresponding line on the front of Form NJ-1065. Follow the instructions for lines 1 through 11 of the NJ-1065.

SUMMARY OF SCHEDULE NJK-1(S) RECEIVED FROM OTHER PARTNERSHIPS

PART II

(Attach copies of all Schedule NJK-1(s) Received)

 

 

 

New Jersey Distributive Share of Partnership Income

12

Partnership Name

Federal EIN

 

 

Column A

Column B

 

 

 

Amount from All Sources

Amount from New Jersey Sources

A

B

C

D

E

 

13

Total Income (Loss) from Tiered Partnerships:

13

 

 

 

 

Line 12: List the Name, Federal EIN and Distributive Share of Partnership Income or Loss reported on Line 4, Columns A and B of each Schedule NJK-1 this partnership received from another partnership.

Line 13: Add the amounts(s) on Line 12, Columns A and B and enter the result on Line 13, Columns A and B and in the corresponding columns of Line 20 on the front of Form NJ-1065

How to Edit Form Nj 1065 Schedule A Online for Free

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Completing part 1 of New_Jersey

2. Once the previous part is done, go on to enter the suitable information in all these: Guaranteed payments to partners, Net IRC section gain loss, Other income loss, Tax exempt interest income, Lines, Use the amounts reported in Column, Column A Follow the instructions, Column C, sum of the amounts reported for, PART II, SUMMARY OF SCHEDULE NJKS RECEIVED, Attach copies of all Schedule NJKs, Partnership Name, Federal EIN, and Column A.

Part # 2 for completing New_Jersey

3. Completing Total Income Loss from Tiered, Line, Line, and List the Name Federal EIN and is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Tips on how to prepare New_Jersey part 3

People who work with this document generally get some things wrong when filling out Line in this section. You should read again what you enter here.

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