Question
Exemption form NJ1065 non-resident tax
Partnership files an New Jersey nj-1065 with NJ non resident partners. It is my understanding that since the partnership also files a NJ-PTE-100, and pays the pass through entity tax, it is exempt from paying the non resident partners tax if is expected that the PTE fairly covers each non resident partner's NJ tax. I checked off the box in the NJ input claiming the exemption (in Sec 37 NJ misc information). However, Lacerte is still generating the non resident tax. Has anyone encountered the same issue?
