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Level 2
April 9, 2026
Question

NJ Form 1041 - Line 18 - Exemptions

  • April 9, 2026
  • 2 replies
  • 13 views

I am working on a NJ Form 1041 return.  Line 18 - Exemptions is supposed to be populated with $1,000. I am not seeing this on my return. Any one knows how to troubleshoot this issue? 

2 replies

Level 2
April 9, 2026

To clarify, I am working on a complex trust. fiscal year end is December. Trust is a full resident of NJ for the full year (all 12 months). 

 

Level 2
April 9, 2026

Nevermind. It looks like ProConnect does not activate the $1,000 exemption on a NJ tax return (Form 1041) when the income is below $10,000 as there is no tax due when income is less than $10,000.