New Jersey Business Income Summary Schedule
Extracted from PDF file 2023-new-jersey-form-nj-fid-bus-1.pdf, last modified October 2023Business Income Summary Schedule
Name(s) as shown on Form NJ-1040 Social Security Number Schedule NJ-BUS-1 (Form NJ-1040) Part I New Jersey Gross Income Tax Business Income Summary Schedule Net Profits From Business List the net profit (loss) from business(es). See Instructions. Social Security Number/ Federal EIN Business Name 2023 Profit or (Loss) 1. 2. 3. 4. Net Profit or (Loss). (Add lines 1, 2, and 3.) (Enter here and on line 18, NJ-1040. If loss, make no entry on line 18.) Part II 4. List the distributive share of income (loss) from partnership(s). See instructions. Distributive Share of Partnership Income Partnership Name Share of Partnership Income or (Loss) Federal EIN Share of Pass-Through Business Alternative Income Tax 1. 2. 3. 4. 5. Distributive Share of Partnership Income or (Loss). (Add lines 1, 2, and 3.) (Enter here and on line 21, NJ-1040. If loss, make no entry on line 21.) 4. Total Share of Pass-Through Business Alternative Income Tax (Add lines 1, 2, and 3.)(Enter here and include on line 63, NJ-1040.) 5. Part III Net Pro Rata Share of S Corporation Income S Corporation Name Federal EIN List the pro rata share of income (usable loss) from S corporation(s). See instructions. Pro Rata Share of S Corporation Income or (Usable Loss) Share of Pass-Through Business Alternative Income Tax 1. 2. 3. 4. 5. Net Pro Rata Share of S Corporation Income or (Usable Loss). (Add lines 1, 2, and 3.) (Enter here and on line 22, NJ-1040. If loss, make no entry on line 22.) 4. Total Share of Pass-Through Business Alternative Income Tax (Add lines 1, 2, and 3.)(Enter here and include on line 63, NJ-1040) 5. Part IV Net Gains or Income From Rents, Royalties, Patents, and Copyrights Source of Income or Loss. If rental real estate, enter physical address of property. List the net gains or net income, less net loss, derived from or in the form of rents, royalties, patents, and copyrights. See instructions. Type of Property: 1 – Rental real estate 2 – Royalties 3 – Patents 4 – Copyrights Social Security Number/ Federal EIN Type – Enter number from list above 1. 2. 3. 4. Net Income or (Loss). (Add lines 1, 2, and 3.) (Enter here and on line 23, NJ-1040. If loss, make no entry on line 23.) Keep a copy of this schedule for your records 4. Income or (Loss)
2023 Schedule NJ-BUS-1 Form NJ-1040
More about the New Jersey Form NJ-FID-BUS-1 Corporate Income Tax TY 2023
We last updated the Business Income Summary Schedule in January 2024, so this is the latest version of Form NJ-FID-BUS-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form NJ-FID-BUS-1 directly from TaxFormFinder. You can print other New Jersey tax forms here.
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TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Jersey Form NJ-FID-BUS-1.
Form Code | Form Name |
---|---|
Form NJ-FID-BUS-2 | Alternative Business Calculation Adjustment |
View all 96 New Jersey Income Tax Forms
Form Sources:
New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form NJ-FID-BUS-1 from the Division of Revenue in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New Jersey Form NJ-FID-BUS-1
We have a total of nine past-year versions of Form NJ-FID-BUS-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule NJ-BUS-1 Form NJ-1040
2022 Schedule NJ-BUS-1 Form NJ-1040
2021 Schedule NJ-BUS-1 Form NJ-1040
2020 Schedule NJ-BUS-1 Form NJ-1040
2019 Schedule NJ-BUS-1 Form NJ-1040
NJ 1040 - Schedule NJ-Bus 1 - Business Income Summary Schedule
NJ-BUS-1 - Business Income Summary Schedule
NJ-1041 - Schedule NJ-BUS-1
NJ-1041 - Schedule NJ-BUS-1
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