What should I choose as the "Type of Entity" when filling out NJ state info about a Publicly Traded Partnership (an ETF)?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 2

What should I choose as the "Type of Entity" when filling out NJ state info about a Publicly Traded Partnership (an ETF)?

The PTP address on my K-1 places it in Maryland. So I would think that it would make it either a non-resident partnership or a non-resident trust? The ETF in question is ProShares UltraShort Bloomberg Crude Oil.
Some of the Entity Type options are:
-NJ State Individual
-Nonresident Individual
-Nonresident Partnership
-Non-NJ Corporation
-Nonresident Trust

Thank you in advance
1 Reply
Employee Tax Expert

What should I choose as the "Type of Entity" when filling out NJ state info about a Publicly Traded Partnership (an ETF)?

Yes, it would be considered to be a non-resident partnership.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic Ads
v
Privacy Settings