Notifying State of NJ about distribution of 1099s as Nominee?

[davidsson]

I'm finally ready to distribute (using Efilemyforms), but don't want to miss anything...

The Estate and Trust I am settling (as Executor and Trustee) are located in NJ.

My address on the 1099s as Executor/Trustee is in PA.

I will be filing the 1041 (sec. 645) to the IRS and state of NJ.

Do I need to have the state of NJ somehow identified on the 1099s?

Is there anything else I need to do to inform/communicate with NJ (the Will was probated and L4 filed 5 months ago, no estate taxes) about the income/taxes?

Thanks in advance!!

[davidsson]

Bump.

[DianeW777 · Accepted solution]

No, you do not need to have New Jersey (NJ) identified on the 1099s.  Your address does not affect the reporting of the income on the Form 1041. If a NJ 1041 does not meet the filing requirements there is nothing to do for NJ.

Filing Requirements for NJ 1041:

The fiduciary of every resident estate or trust must file a New Jersey Gross Income Tax Fiduciary Return (Form NJ-1041) if gross income, before exemptions or deductions, was more than $10,000 (prorated for the number of months covered by a part-year return) during the tax year. A resident estate or trust is not subject to New Jersey tax if it: 

• Does not have any tangible assets in New Jersey;  

• Does not have any income from New Jersey sources; and  

• Does not have any trustees or executors in New Jersey. 

However, the fiduciary must file Form NJ-1041 for such estate or trust, enclose a statement certifying that the estate or trust is not subject to tax, and check the box on line 27.

• 2023 NJ-1041 Instructions