Instructions for NJ-1041 1. State of New Jersey NJ-1041SB GROSS INCOME TAX FIDUCIARY RETURN 2008 ELECTING SMALL BUSINESS TRUST For Taxable Year January 1, 2008 - December 31, 2008 5-F Or Other Taxable Year Beginning _____ 2008, Ending _____, 20_____ Check this block if application for Federal extension is attached or enter confirmation number _____ Name of Trust Federal Employer Identification According to the IRS, estates and trusts must file Form 1041 by "the fifteenth day of the fourth month after the close of the trust's or estate's tax year." 7. Usually, the calendar year Schedule D on Page 3 of Form NJ-1041. Line 9 - Total Income From New Jersey Sources Enter on Line 9 the total of Lines 1-8. Line 10 - New Jersey Source Income Distributed to Beneficiaries Enter on Line 10 the amount from Schedule B, Line 44B (total New Jersey source income distributed to beneficiaries). Line 11 - New Jersey Income NJ-1041SBNew Jersey 2020 Income Tax Fiduciary Return Electing Small Business Trust For Taxable Year January 1, 2020 - December 31, 2020 Or Other Tax Year Beginning , 2020, Ending , 20 5-F PART I - S CORPORATION INCOME 1. Net pro rata share of S corporation income (Attach Schedule(s) NJ-K-1). (If loss enter "0") . 1. The following tips can help you fill out Nj 1041 easily and quickly: Open the form in our full-fledged online editing tool by clicking on Get form. Fill in the necessary fields which are yellow-colored. Click the green arrow with the inscription Next to move on from one field to another. Use the e-signature tool to e-sign the form. Add the date. Instructions for Form 1041, U.S. Income Tax Return for Estates and Trusts, and Schedules A, B, G, J, and K-1. Instructions for Schedule D (Form 1041), Capital Gains and Losses. Instructions for Schedule I (Form 1041), Alternative Minimum Tax (AMT) Instructions for Schedule K-1 (Form 1041) for a Beneficiary Filing Form 1040. If the trust's gross income is more than $10,000 for the tax year, a New Jersey fiduciary return (Form NJ-1041) must be filed. All of the grantor trust's income must be reported, and distributions (to the grantor) equal to the total income Estates and Trusts Rev. 12/17 5 reported are deducted. A New Jersey fiduciary income tax return (Form NJ-1041) must be filed if the estate has gross income of $10,000 or more in the reporting year. ''If the estate owns real property in another NJ-1041 instructions. Estimated Tax Payments An estate or trust is required to make quarterly estimated tax payments for any tax year in which its estimated tax is expected to be more than $400 (see N.J.S.A. 54A:8-4). Exceptions. An amended Form 1041 is not like an amended 1040; there is no "Form 1041X". You simply check the "Amended return" box in Item F, change the figures (or any other information) that need (s) to be changed, and provide a statement explaining the lines that were changed. TurboTax Business will check the "Amended return" box for you and present an Distributions: 1041 New Jersey (NJ) Distributions in NJ are defined by the state as 'the actual amount of income distributed or required to be distributed' (NJ-1041 instructions, Schedule D, Line 46). The actual amount distributed and the amount required to be distributed may or may not be the same amount.