Schedule PTE-K-1 Member's Share of Tax - New Jersey

What Is Schedule PTE-K-1?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Schedule PTE-K-1?
A: Schedule PTE-K-1 is a tax form used to report a member's share of income, deductions, and credits from a pass-through entity in New Jersey.

Q: What is a pass-through entity?
A: A pass-through entity is a business structure that does not pay taxes itself, but instead passes its income, deductions, and credits through to its owners or members.

Q: Who needs to file Schedule PTE-K-1?
A: Individuals who are members of a pass-through entity that operates in New Jersey need to file Schedule PTE-K-1.

Q: What information is reported on Schedule PTE-K-1?
A: Schedule PTE-K-1 reports the member's share of taxable income, losses, deductions, credits, and other related information from the pass-through entity.

Q: When is the deadline to file Schedule PTE-K-1?
A: The deadline to file Schedule PTE-K-1 in New Jersey is usually the same as the deadline for filing the individual income tax return, which is April 15th, or the next business day if April 15th falls on a weekend or holiday.