NJ Tax Return Question
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NJ Tax Return Question Why is the box for Hedge Fund checked on my club's NJ tax return? I don't recall completing any information to indicate the club is such an entity? Thanks in advance for the help. Nick I just encountered the same thing. The Hedge Fund box is checked because investment clubs deal solely in trading and that's the NJ criteria for Hedge Fund. If you qualify to check the Hedge Fund box, it allows you to omit some data that other types of partnerships have to complete on the return. Experts could explain it better, but that is the gist. -----Original Message----- From: club_cafe@bivio.com [mailto:club_cafe@bivio.com]On Behalf Of Nicholas Picini Sent: Saturday, March 08, 2008 01:42 PM To: club_cafe@bivio.com Subject: club_cafe: NJ Tax Return Question Why is the box for Hedge Fund checked on my club's NJ tax return? I don't recall completing any information to indicate the club is such an entity? Thanks in advance for the help. Nick |
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