carolynm Posted October 9, 2007 Report Share Posted October 9, 2007 The NJ Taxation department phone lines are plugged full. Can a NJ preparer help me with a what I believe are a few simple questions? I have a NJ based partnership whose sole activities in 2006 was investment in several Kentucky based partnerships. My questions: 1. Would this be considered a tiered partnership? I noticed the Schedule A Partnership worksheet references NJk-1's of which there are none...I'm thinking not a tiered partnership. 2. Would the income (actually losses in this case) be allocated to NJ on this return? I'm not sure if this is considered NJ income or Kentucky income. There is no obligation to file a Kentucky return ( I verified with Kentucky state). 3. Am I correct that the partnership needs to file a $150.00 fee for each partner? Thanks Carolyn Quote Link to comment Share on other sites More sharing options...
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