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vn2020
New Member

Nj business income nj bus 1 asking for Busi Profit(Loss) must be entered. I don't own a business, What should I do?

 
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ThomasM125
Expert Alumni

Nj business income nj bus 1 asking for Busi Profit(Loss) must be entered. I don't own a business, What should I do?

You may have received a form 1099-NEC that you entered on your federal tax return. If so, you are considered to be the owner of a business. In that case, the profit(loss) would be the amount reported on the form 1099-NEC less any expenses you deducted from it.

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