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August 29, 2024
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NJ Tiered Partnerships

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  • August 29, 2024
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Schedule A Part I Column B lists tired partnership income activity to be backed out from federal income in order to arrive at Column C income attributable to the upper tier entity.  Column C should be carrying to Form NJ1065 Lines 1 through 11.  This is not occurring on the 2023 program.  There doesn't seem to be a workaround other than to enter a subtraction on Line 15e.