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New Jersey Alternative Business Calculation Adjustment
Extracted from PDF file 2023-new-jersey-form-nj-nr-bus-2.pdf, last modified November 2023Alternative Business Calculation Adjustment
Name(s) as shown on Form NJ-1040NR Social Security Number Schedule NJ-BUS-2 (Form NJ-1040NR) Part I New Jersey Gross Income Tax Alternative Business Calculation Adjustment Income (Loss) Column A Column B Reportable Regular Business Income Alternative Business Income (Loss) 1. Net Profits From Business 1a. 1b. 2. Net Gain or Income From Rents, Royalties, Patents, and Copyrights 2a. 2b. 3. Distributive Share of Partnership Income 3a. 3b. 4. Net Pro Rata Share of S Corporation Income 4a. 4b. 5. Loss Carryforward From Tax Year 2022 6. Totals Part II 2023 5b. 6a. ( ) ( ) 6b. Adjustment Calculation 7. Total Regular Business Income 7. 8. Total Alternative Business Income/(Loss) (If loss, enter zero) 8. 9. Business Increment (Subtract line 8 from line 7) 9. 10. Adjustment Percentage 10. 11. Alternative Business Calculation Adjustment (line 9 x 0.50) 11. 0.50 Part III Loss Carryforward to Tax Year 2024 12. Loss Carryforward to Tax Year 2024 Line 1a. Line 1b. Line 2a. Line 2b. Line 3a. Line 3b. Line 4a. Line 4b. Line 5b. Line 6a. Line 6b. Line 7. Line 8. Line 9. Line 10. Line 11. Line 12. 12. Instructions Enter the amount from line 18, column A, Form NJ-1040NR. Enter the amount from Part I, line 4, Schedule NJ-BUS-1 (Form NJ-1040NR). Enter the amount from line 20, column A, Form NJ-1040NR. Enter the amount from Part II, line 4, Schedule NJ-BUS-1 (Form NJ-1040NR). Enter the amount from line 23, column A, Form NJ-1040NR. Enter the amount from Part III, line 4, Schedule NJ-BUS-1 (Form NJ-1040NR). Enter the amount from line 24, column A, Form NJ-1040NR. Enter the amount from Part IV, line 4, Schedule NJ-BUS-1 (Form NJ-1040NR). Enter the amount from line 12 of your 2022 Schedule NJ-BUS-2 (Form NJ-1040NR). Enter the total of lines 1a through 4a. Enter the total of lines 1b through 5b, netting gains with losses. Enter the amount from line 6a of this schedule. Enter the amount from line 6b of this schedule. If loss, enter zero here. Subtract line 8 from line 7. If the result is zero, enter zero on line 11 and on line 35 of Form NJ-1040NR, and continue with line 12. The adjustment percentage for Tax Year 2023 is 50% (0.50). Multiply the amount on line 9 by 50% (0.50). Enter here and on line 35 of Form NJ-1040NR. If the amount on 6b is a loss, enter the amount of the loss on this line. Otherwise, enter zero. Keep a copy of this schedule for your records
2023 Schedule NJ-BUS-2 (NR)
More about the New Jersey Form NJ-NR-BUS-2 Corporate Income Tax TY 2023
We last updated the Alternative Business Calculation Adjustment in January 2024, so this is the latest version of Form NJ-NR-BUS-2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form NJ-NR-BUS-2 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-NR-BUS-2.
| Form Code | Form Name |
|---|---|
| Form NJ-NR-A | Business Allocation Schedule |
| Form NJ-NR-BUS-1 | Business Income Summary Schedule |
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-NR-BUS-2 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-NR-BUS-2
We have a total of nine past-year versions of Form NJ-NR-BUS-2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form NJ-NR-BUS-2
2023 Schedule NJ-BUS-2 (NR)
2022 Form NJ-NR-BUS-2
2022 Schedule NJ-BUS-2 (NR)
2021 Form NJ-NR-BUS-2
2021 Schedule NJ-BUS-2 (NR)
2020 Form NJ-NR-BUS-2
2020 Schedule NJ-BUS-2 (NR)
2019 Form NJ-NR-BUS-2
2019 Schedule NJ-BUS-2 (NR)
2018 Form NJ-NR-BUS-2
NJ 1040NR-BUS-2 - Schedule NJ-BUS-2- Alternative Business Calculation Adjustment
2017 Form NJ-NR-BUS-2
NJ-1040NR -Non-Resident Income Tax Return -Schedule NJ-BUS-2
2016 Form NJ-NR-BUS-2
1040NR - Schedule NJ-BUS-2 - Alternative Business Calculation Adjustment
2015 Form NJ-NR-BUS-2
1040NR - Schedule NJ-BUS-2 - Alternative Business Calculation Adjustment
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