Looking at the NJ state website under partnerships there is the following statement under Who Must File "Every partnership that has income or loss derived from sources in the State of New Jersey, or has any type of New Jersey resident partner, must file Form NJ-1065. A partnership must file even if its principal place of business is outside the State of New Jersey." This statement prompted my original question.
The software asks about partnership income based on the federal return and also asks if we received a NJ K-1. If I answer "no" to the interview question about NJ K-1, then Worksheet B is completed "Reconciliation of Federal K-1" and the loss is carried forward to NJ-BUS-2 "Alternative Business Calculation Adjustment" - also have 1099-NEC income from a consulting business. Just wanted to make sure that all of these different types of forms and income are handled correctly.
