Schedule NJ-BUS-2 (Nonresident): Alternative Business Calculation Adjustment—Nonresident (2025)
New Jersey · NJ Division of Taxation · Used for tax years 2025
Schedule NJ-BUS-2 calculates the alternative business calculation adjustment for your 2025 New Jersey nonresident income tax return, Form NJ-1040NR. It compares regular business income with alternative business income or loss and calculates any loss carryforward to tax year 2026.
What you'll need
The 2025 schedule uses information from:
- Form NJ-1040NR: Your name(s), Social Security number, and the amounts in column A of lines 18, 20, 23, and 24.
- Schedule NJ-BUS-1 (Form NJ-1040NR): Line 4 from each of Parts I, II, III, and IV.
- Your 2024 Schedule NJ-BUS-2 (Form NJ-1040NR): The loss carryforward on line 12, which goes on line 5b of the 2025 schedule.
Common mistakes
- Not keeping a copy: The schedule reminds you to keep a copy for your records.
Questions people ask
What is the adjustment percentage for tax year 2025?
The percentage is 50% (0.50). Multiply line 9 by 0.50 and enter the result on line 11 and on line 35 of Form NJ-1040NR.
How do I total alternative business income or loss?
On line 6b, total lines 1b through 5b, netting gains with losses. Transfer that total to line 8, but enter zero on line 8 if the total is a loss.
What if the business increment on line 9 is zero?
Enter zero on line 11 and on line 35 of Form NJ-1040NR. Then continue with line 12.
How do I figure the loss carryforward to tax year 2026?
If line 6b is a loss, enter the amount of that loss on line 12. Otherwise, enter zero.