I need help with NJ 1065 and PTE

[Ringers]

I have a NJ partnership one partner a NJ resident and the other partner a NJ non-resident.  The partnership owns a rental property which it sold n 2021.  When I prepare the partnership return, the PTE 100 shows a tax due of $13130, or $6565 per partner on their PTE-K1 and the NJK-1 shows the non-resident partner's share of the NJ tax to be $7368.

 

How are these amounts related and what payment do I send in with the partnership return?

 

The prior 12 years of the partnership taxes were easy and I just sent in a small non-resident tax, but this year with the PTE it is a little confusing.  Any NJ preparer's help would be greatly appreciated!

[DevM]

NJ PTE payments must be made online..

https://www.state.nj.us/treasury/taxation/ptepmtsystem.shtml

 

[Ringers]

Thank you.  Is the nonresidents tax due reduced by his share of the PTE  and does the resident partner get a credit on his NJ return for his share of the PTE?

[DevM]

Yes.