Name of Estate or Trust as shown on Form NJ-1041  Name and Title of Fiduciary       Federal Employer Identification Number

Schedule NJ-BUS-2                      New Jersey Gross Income Tax 
    (Form NJ-1041)                     Alternative Business Calculation Adjustment                         2022

                                                          Column A                                Column B
                                                       Reportable Regular                 Alternative Business 
Part I     Income (Loss)                                  Business Income                         Income/(Loss)

 1. Net Profits From Business                     1a.                               1b.
 2. Net Gain or Income From Rents,  
                                                  2a.                               2b.
    Royalties, Patents, and Copyrights
 3. Distributive Share of Partnership Income      3a.                               3b.
 4. Net Pro Rata Share of S Corporation 
                                                  4a.                               4b.
    Income
 5. Loss Carryforward From  
                                                                                    5b. (                                      )
    Tax Year 2021
 6. Totals                                        6a.                               6b.

Part II    Adjustment Calculation

 7. Total Regular Business Income                 7.

 8. Total Alternative Business Income/(Loss). 
                                                  8.
    (If loss, enter zero)
 9. Business Increment  
                                                  9.
    (Subtract line 8 from line 7)

10. Adjustment Percentage                         10.                         0.50
11. Alternative Business Calculation  
                                                  11.
    Adjustment (line 9 x 0.50)
Part III   Loss Carryforward to Tax Year 2023
12. Loss Carryforward to Tax Year 2023                                              12. (                                      )

                                                      Instructions
Line 1a.   Enter the amount from line 8, Form NJ-1041.
Line 1b.   Enter the amount from Part I, line 4, Schedule NJ-BUS-1 (Form NJ-1041).
Line 2a.   Enter the amount from line 10, Form NJ-1041.
Line 2b.   Enter the amount from Part II, line 4, Schedule NJ-BUS-1 (Form NJ-1041).
Line 3a.   Enter the amount from line 11, Form NJ-1041.
Line 3b.   Enter the amount from Part III, line 4, Schedule NJ-BUS-1 (Form NJ-1041).
Line 4a.   Enter the amount from line 12, Form NJ-1041.
Line 4b.   Enter the amount from Part IV, line 4, Schedule NJ-BUS-1 (Form NJ-1041).
Line 5b.   Enter the amount from line 12 of your 2021 Schedule NJ-BUS-2 (Form NJ-1041).
Line 6a.   Enter the total of lines 1a through 4a.
Line 6b.   Enter the total of lines 1b through 5b, netting gains with losses.
Line 7.    Enter the amount from line 6a of this schedule.
Line 8.    Enter the amount from line 6b of this schedule. If loss, enter zero here.
Line 9.    Subtract line 8 from line 7. If the result is zero, also enter zero on line 11 and on line 20 of Form NJ-1041, and  
           continue with line 12.
Line 10.   The adjustment percentage for Tax Year 2022 is 50% (0.50).
Line 11.   Multiply the amount on line 9 by 50% (0.50). Enter here and on line 20 of Form NJ-1041.
Line 12.   If the amount on 6b is a loss, enter the amount of the loss on this line. Otherwise, enter zero.

                                 Keep a copy of this schedule for your records