Schedule PTE-K-1: Pass-Through Business Alternative Income Tax Member's Share of Tax (2024)
New Jersey · NJ Division of Taxation · Used for tax years 2024
New Jersey’s 2024 Schedule PTE-K-1 reports a member’s share of a pass-through entity’s distributive proceeds and Pass-Through Business Alternative Income Tax. It also identifies where to enter the tax amounts on the listed New Jersey forms.
What you'll need
To complete Schedule PTE-K-1, have the following information ready:
- The tax year’s beginning and ending dates.
- The member’s name, address, and Social Security number or federal EIN.
- The pass-through entity’s name, address, and federal EIN.
- The member’s share of distributive proceeds.
- The member’s share of Pass-Through Business Alternative Income Tax.
- If the member is a disregarded entity, the name and federal EIN requested in that part of the schedule.
The form also includes a checkbox for a pass-through entity that is the designated entity of a consolidated return.
How to file
The schedule directs you to enter amounts on the applicable form or line listed below:
- NJ-1040: Schedule NJ-BUS-1.
- NJ-1040NR: Schedule NJ-BUS-1.
- NJ-1080C: line 24.
- NJ-1041: Schedule NJ-BUS-1.
- NJ-1065: Schedule A, Part II, line 1, column J.
- CBT-100, CBT-100S, and CBT-100U: Form 329.
Exempt corporations use Form A-3730 to claim a refund.
The supplied form text does not provide mailing or e-filing instructions.
Questions people ask
What tax year is this schedule for?
This is the 2024 Schedule PTE-K-1. It includes spaces for the tax year’s beginning and ending dates.
What amounts does the schedule report?
It reports the member’s share of distributive proceeds and the member’s share of Pass-Through Business Alternative Income Tax.
What if the member is a disregarded entity?
Check the disregarded-entity box and enter the member’s federal EIN and name in the spaces provided.
What if the pass-through entity is the designated entity of a consolidated return?
Check the box indicating that status.
How does an exempt corporation claim a refund?
The schedule says exempt corporations use Form A-3730 to claim a refund.