Schedule NJ-BUS-1 (Resident): Business Income Summary Schedule—Resident (2025)
New Jersey · NJ Division of Taxation · Used for tax years 2025
Schedule NJ-BUS-1 summarizes business profits or losses, partnership income, S corporation income, and income or losses from rents, royalties, patents, and copyrights for New Jersey Form NJ-1040. It also reports your share of pass-through business alternative income tax from part
Who files this form
The 2025 Schedule NJ-BUS-1 is the business income summary schedule for Form NJ-1040. It lists these income or loss categories:
- Net profits from businesses.
- Distributive shares of partnership income.
- Pro rata shares of S corporation income or usable losses.
- Net gains or income from rents, royalties, patents, and copyrights.
The form does not state a filing threshold.
What you'll need
The form asks for the following information, rather than listing required supporting documents:
- Your name as shown on Form NJ-1040 and your Social Security number.
- Business names, Social Security numbers or federal EINs, and profits or losses.
- Partnership names, federal EINs, shares of income or loss, and shares of Pass-Through Business Alternative Income Tax.
- S corporation names, federal EINs, pro rata shares of income or usable loss, and shares of Pass-Through Business Alternative Income Tax.
- Sources of rental, royalty, patent, or copyright income or loss, related Social Security numbers or federal EINs, property types, and income or loss amounts. For rental real estate, provide the property's physical address.
Common mistakes
- Do not enter a loss total on the corresponding Form NJ-1040 income line. The form says to make no entry on line 18, 21, 22, or 23 when the total for that category is a loss.
- Keep a copy of this schedule for your records.
Questions people ask
Where do the income totals go on Form NJ-1040?
Part I goes on line 18, Part II on line 21, Part III on line 22, and Part IV on line 23. If a category's total is a loss, make no entry on its corresponding NJ-1040 line.
How do I calculate each part's income or loss total?
Each part directs you to add lines 1, 2, and 3 and enter the total on line 4.
Where do I report my share of Pass-Through Business Alternative Income Tax?
Parts II and III each have a separate column for this tax. In each part, add the tax amounts from lines 1, 2, and 3, enter the total on line 5, and include it on Form NJ-1040, line 63.
Which property type codes does Part IV use?
Use 1 for rental real estate, 2 for royalties, 3 for patents, and 4 for copyrights. For rental real estate, enter the property's physical address as the source of income or loss.