PatriciaV
Expert Alumni

Get your taxes done using TurboTax

For TurboTax Business:

1) You may include the New Jersey income tax withholding as Supplemental Information using Box 13 Code ZZ Line 3 "State income tax withheld."

 

Using Box 13 Code ZZ will create a note on the NJ Schedule NK-1 that references the federal K-1 supplemental information provide by your investment.

 

For TurboTax Desktop:

2) When you enter the federal K-1 with Box 13 Code ZZ, you will see a page where you can enter Line 3 (state tax withholding). You don't need to enter this amount anywhere else on your 1040 return.

 

During the Partnership/K-1 interview for your New Jersey individual return, look for "Schedule NJK-1" and the question about Part III. The top box is for "Share of New Jersey Tax." Enter the amount from the NJK-1 supplemental information here.

 

 

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