NJ Non-resident question.

[Ringers]

My client is an IN resident partner in a NJ rental property as well as an owner of another NJ rental property as an individual.  In 2021, both the partnership and my client sold their rental properties with profits.  On the NJ Partnership return, an amount was paid to NJ as a “non-resident partner’s income tax.”  When I file my client’s individual NJ non-resident return to report the NJ income on the sale of his individually owned rental property, do I also include in his NJ Non-resident return the profit he made from the NJ partnership?  If so, how do I account for the tax already paid to NJ on his behalf by the partnership?

[jklcpa]

1 hour ago, Ringers said:

do I also include in his NJ Non-resident return the profit he made from the NJ partnership?  If so, how do I account for the tax already paid to NJ on his behalf by the partnership?

Yes, see the page from the NJ-1040NR instruction booklet here:

pg 17 2021 NJ-1040NR instructions.pdf

[Ringers]

Thank you, Judy!  I read and re-read those instructions last year, but I missed that paragraph.

 

Ringers