Schedule PTE-K-1: Pass-Through Business Alternative Income Tax Member's Share of Tax (2025)
New Jersey · NJ Division of Taxation · Used for tax years 2025
New Jersey Schedule PTE-K-1 reports a member’s share of a pass-through entity’s distributive proceeds and Pass-Through Business Alternative Income Tax for 2025. It also identifies where to enter the amounts on the listed New Jersey tax forms.
What you'll need
The 2025 schedule asks for the following information:
- The tax year's beginning and ending dates.
- The member's name, Social Security number or federal EIN, and address.
- The pass-through entity's name, federal EIN, and address.
- 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 form also asks for the member's federal EIN and name in the designated fields.
Common mistakes
Follow these reminders printed on the schedule:
- If the member is a disregarded entity, check the box and enter the member's federal EIN and name.
- Check the consolidated-return box if the pass-through entity listed is the designated entity of a consolidated return.
- Exempt corporations use Form A-3730 to claim a refund.
Questions people ask
What does Schedule PTE-K-1 report?
The 2025 schedule reports a member's share of distributive proceeds and share of Pass-Through Business Alternative Income Tax.
Where does the schedule direct me to enter the tax amount?
The form lists these destinations:
- 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.
- Form 329 for CBT-100, CBT-100S, and CBT-100U.
What if the member is a disregarded entity?
Check the disregarded-entity box and enter the member's federal EIN and name in the fields provided.
How does an exempt corporation claim a refund?
The schedule directs exempt corporations to use Form A-3730.