New Jersey & Irrevocable Trust Dividends

[Yardley CPA]

Client has K1 from an Irrevocable Trust.  I input the information on the Federal K-1 input screen and it flows just fine on the Federal return.  It's just a few dividends and capital gains.  It is not flowing to New Jersey.  Is that due to the fact that they are not taxable in NJ or do I need to add a form to the NJ return?

Appreciate any thoughts.

 

[Roberts]

Is the client from NJ or is the trust from NJ?

Is it flowing to a different state and you want it in NJ instead?

My software has a state identifier for K-1 income (all income really). Did you identify the source when entering the K-1?

[Yardley CPA]

Client is from New Jersey and it's a New Jersey Trust.  The information input on the K1 shows it as a NJ Trust.   The dividends and Capital Gains are not flowing from the Federal Return to the NJ Return.  There are no other states on the return.  The K1 is marked as a 1041, K1.  Not sure how to get the information to flow. 

[Lynn EA USTCP in Louisiana]

NY Has a NY k-1 entry form. Does NJ too ?? 

[Lion EA]

Different software, but mine has columns alongside the federal where I can allocate to states or simply check the 100% box for NJ.

[Yardley CPA]

 

Thank you all who chimed in.  There is a NJ K1 input sheet.  Thank you again.