Schedule NJ-BUS-2 (Fiduciary): Alternative Business Calculation Adjustment—Fiduciary (2025)

What you'll need

Have these forms available to complete the 2025 schedule:

• 2025 Form NJ-1041: Lines 8, 10, 11, and 12 supply the regular business income amounts for Column A.
• 2025 Schedule NJ-BUS-1 (Form NJ-1041): Line 4 of Parts I through IV supplies the alternative business income or loss amounts for Column B.
• 2024 Schedule NJ-BUS-2 (Form NJ-1041): Line 12 supplies any loss carryforward entered on line 5b.

You will also need the estate or trust name as shown on Form NJ-1041, the fiduciary’s name and title, and the federal employer identification number.

Common mistakes

Follow these printed reminders:

• If line 6b is a loss, enter zero on line 8, not the loss amount.
• If line 9 is zero, also enter zero on line 11 and on line 20 of Form NJ-1041, then continue with line 12.
• Keep a copy of the schedule for your records.

Questions people ask

What types of income are included on this schedule?

Part I lists net profits from business; net gain or income from rents, royalties, patents, and copyrights; distributive share of partnership income; and net pro rata share of S corporation income.

How do I include a loss carried forward from 2024?

Enter the amount from line 12 of your 2024 Schedule NJ-BUS-2 (Form NJ-1041) on line 5b. When calculating line 6b, total lines 1b through 5b, netting gains with losses.

How is the 2025 adjustment calculated?

Subtract line 8 from line 7 to get the business increment on line 9. Multiply line 9 by 50% (0.50), the adjustment percentage for tax year 2025. Enter the result on line 11 and on line 20 of Form NJ-1041.

What amount carries forward to tax year 2026?

If line 6b is a loss, enter that loss amount on line 12 as the loss carryforward to tax year 2026. Otherwise, enter zero.

Official sources

• https://www.nj.gov/treasury/taxation/pdf/current/fidresbus2.pdf