NJ-CBT-1065: Partnership Return - Corporation Business Tax (2024)
New Jersey · NJ Division of Taxation · Used for tax years 2024
Form NJ-CBT-1065 is the 2024 New Jersey Partnership Return for Corporation Business Tax. It reports partnership income, nonresident partners’ shares of tax, credits and payments, and any balance due or overpayment.
When it's due
For the 2024 tax period, CBT-160-P lists estimated-tax installment dates as the 15th day of:
- The fourth, sixth, and ninth months of your tax period.
- The first month after your tax period closes.
The supplied text does not state a filing deadline for the 2024 NJ-CBT-1065 return.
What you'll need
Have these records available to complete the applicable parts of the return:
- Your federal EIN, business information, and partner counts by residency and New Jersey physical nexus.
- Form NJ-1065, line 12, for total income.
- The Partners Directory, line 1c, columns I and J, for nonresident partners’ shares of tax.
- Records of estimated payments, credit from 2023, and payment from CBT-206.
- Schedules NJK-1 and PTE-K-1 received, if completing the tiered partnership payment schedule.
- Your 2023 NJ-CBT-1065 and estimated-tax payment records, if completing CBT-160-P.
Attach CBT-160-P if you use it to calculate underpayment interest or show that you qualify for an exception. If you made more than one payment for an installment, attach a separate calculation for that installment.
How to file
Complete the return with your federal EIN, business information, income, tax, credits, and payments. The return provides a signature line for a general partner or limited liability company member.
Mailing a payment: Return the 2024 NJ-CBT-V payment voucher with payment to:
Corporation Business Tax – Nonresident Partner Tax
PO Box 642
Trenton, NJ 08646-0642
Make checks payable to State of New Jersey – CBT. Write the federal ID number and tax year on the check.
This address is printed for the payment voucher. The supplied text does not provide a separate address for mailing the return or instructions for e-filing.
Common mistakes
- Leaving out the federal EIN. The return says you must enter it, and the payment voucher also marks it as required.
- Omitting information from the check. The voucher directs you to write the federal ID number and tax year on the check.
- Not attaching CBT-160-P when using it. Attach it if you use it to calculate underpayment interest or claim an exception, and check the attachment box on line 5 of NJ-CBT-1065.
- Leaving out a separate installment calculation. CBT-160-P requires one if the partnership made more than one payment for an installment.
Questions people ask
Where does total income come from?
Enter the amount from line 12 of NJ-1065 on line 1 of NJ-CBT-1065.
What is Schedule T for?
Schedule T is the tiered partnership payment schedule. It lists partnership names, federal identification numbers, shares of New Jersey tax reported on Schedule NJK-1, and shares of Pass-Through Business Alternative Income Tax reported on Schedule PTE-K-1. Its total tax paid on behalf of the partnership goes on line 8 of NJ-CBT-1065.
What is CBT-160-P used for?
It helps partnerships determine whether they paid enough estimated tax, whether underpayment interest applies, and how much interest is due. Attach it to NJ-CBT-1065 if you use it to calculate interest or show that an exception applies.
Can an exception eliminate underpayment interest?
CBT-160-P says interest is not required for a payment period if payments were made on time and equal or exceed the amount calculated under either listed exception. The exceptions use the prior year’s return with current-year rates or annualized tax.
Where do I report an overpayment?
Report the overpayment on line 12. The form provides line 13 for a credit to 2025 and line 14 for a refund.