club_cafe: New Jersey 1065 line 13b

iras1 on

Line 13b is for ADDITIONS, not subtractions. Expenses are not included in a NJ partnership return. You should have entries on lines 4, 5, and/or 7. You may have entries on lines 10, 11, 15d and 15e.

Note: If your club has 10 or more K-1s to file, you MUST file your NJ1065 electronically. If you have found a way to do this, please post it. Latest official word is that the software will be available after March 1.

Ira Smilovitz

In a message dated 02/16/03 10:27:27 PM Eastern Standard Time, dreamgirls@bivio.com writes:

Our club uses BIVIO and signed up for AccountKeeper as soon as it became available! We would love to see Bivio do state 1065s too!

We (treasurer and me) are completing NJ-1065. We were able to plug in all of the line items until we got to Line 13b-Other Additions.

The only other Portfolio deductions that we had were:

MONTHLY FEE CHARGE FOR BUY &HOLD
SERVICE CHARGES AND FEES (postage fees, buy stamps, buy envelopes, etc.)

PREPARE 2001 TAX RETURNS

ACCOUNT KEEPER FEE FOR 2003

SOFTWARE SUBSCRIPTION CHARGE

Should we list any of the above deductions on line 13b?

Linda Dwyer on

Dear Ira:

Thank you for answering!

Linda c/o Dreamgirls

PS: Didn't know about the software. Thanks again!

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