mbpatel527
Returning Member

Reporting on NJ Tax for K-1 received from a LLC in Texas

Hi I am completing my NJ taxes using Turbo Tax. I am asked to complete reconciliation amount for business income/ losses from a LLC partnership registered in the State of Texas. Can you explain what this means? Turbo tax asks for Taxes based on income and other additions and subtractions without providing much guidance. Could you please explain?

 

Thank you