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Notice: CBT Standardized Return for Certain Filers   
 
The creation of a new simplified standardized return for combined groups, banking 
corporations, financial business corporations, and separate return filers designed to replace the 
CBT-100U, BFC-1, and CBT-100 is underway. However, due to the combination of significant 
changes to Corporation Business Tax reporting and administration over the last several years, 
coupled with technical challenges, implementation of the new form is now expected to be 
effective starting with the 2022 tax year.  The divisions of Taxation, and Revenue and Enterprise 
Services, are committed to providing the best, modernized, and standardized return for these 
entities with privilege periods ending on or after July 31, 2022.

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Advisory, Consultative and Deliberative January 11, 2021 2:59 PM

FORM State of New Jersey For Tax Periods Ending:
BFC-1 Corporation Business Tax Return July 31, 2020, through
June 30, 2021
10-20 for Banking and Financial Corporations

Calendar Year Ending OR Fiscal Year Beginning , and Ending , OR
BFC-1-F Filers – Banking corporation transitioning to fiscal method: Beginning January 1, and Ending ,
DUE DATE: File on or before April 15 if on a calendar year basis. Tax Remittance Due with Return: Make remittance payable to “State of
New Jersey” and forward with this return to: Division of Taxation – BFC,
Fiscal year filers and banking corporations must read the instructions for details on due dates. Revenue Processing Center, PO Box 247, Trenton, NJ 08646-0247
Check if address change appears below Check one: BFC-1-F Filer Banking Corporation Financial Corporation
Federal Employer ID Number State and date of incorporation
Date authorized to do business in New Jersey
Name
Federal business activity code
Mailing Address Corporation books are in the care of
City State ZIP Code at
Phone Number ( )
Check if applicable Professional Corporation
Check applicable return type: Initial Amended (see instructions):
1. Tax Base – Enter amount from line 3 of Schedule A, Part III........................................................................... 1.
2. Amount of Tax – Multiply line 1 by the applicable tax rate (see instructions) .................................................. 2.
3. Tax Credits – Enter amount from Schedule A-3, Part I, line 28 (see instructions) ........................................... 3.
4. CBT TAX LIABILITY – Subtract line 3 from line 2 ..................................................................................... 4.
5. a. Surtax on taxable net income – Multiply the amount on Schedule A, Part III, line 1 by the applicable
surtax rate (see instructions) ....................................................................................................................... 5a.
b. Pass-Through Business Alternative Income Tax Credit from Form 329 (see instructions) (Amount entered
cannot be more than amount on line 5a) ........................................................................................................... 5b.
c. Balance of surtax – Subtract line 5b from line 5a ................................................................................... 5c.
6 Tax. or (see instructions) ... 6. Due – Add line 5c to the greater of line 4 minimum tax due from Schedule A-GR
7. Installment Payment – Only applies if line 6 is $500 or less (see instructions) ............................................... 7.
8. Professional Corporation Fees (from Schedule PC, Part II, line 7) ...................................................................... 8.
9. TOTAL TAX AND PROFESSIONAL CORPORATION FEES – Add lines 6, 7, and 8 ............................ 9.
10. a. Payments and Credits (see instructions) ..................................................................................................... 10a.
b. Payments made by partnerships on behalf of taxpayer (include copies of all NJK-1s) .................................. 10b.
c. Refundable Tax Credits from Schedule A-3, Part II, line 5 (see instructions) .............................................. 10c.
d. Total Payments and Credits – Add lines 10a, 10b, and 10c ................................................................... 10d.
11. Balance of Tax Due – If line 10d is less than line 9, subtract line 10d from line 9 ...................................... 11.
12. Penalty and Interest Due (see instructions) .................................................................................................... 12.
13. Total Balance Due – Add line 11 and line 12 .............................................................................................. 13.
14. Amount Overpaid – If line 10d is greater than the sum of line 9 and 12, enter amount of overpayment ..... 14.
15. Amount of line 14 to be Refunded ............................................................................................................. . 15.
16. Amount of line 14 to be Credited to 2021 Tax Return ................................................................................ . 16.
17. Amount of line 14 to be Credited to a Combined Group and tax year Unitary ID Number
to which it is to be applied 2020 or 2021 .............................. NU 17.
If the corporation is inactive, page 1, the Annual General Questionnaire, and Schedules A (Parts I, II, and III), A-2, A-3, A-4, and A-GR
must be completed. A corporate officer must sign and certify below:
By marking the check box to the left, I certify that the corporation did not conduct any business, did not have any income, receipts, or
expenses, and did not own any assets during the entire period covered by the tax return.

(See Instructions)
CERTIFICATION OF INACTIVITY (Date) (Signature of Corporate Officer) (Title)
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules, forms, and statements, and to the
best of my knowledge and belief, it is true, correct, and complete. If prepared by a person other than the taxpayer, this declaration is based
on all information of which the preparer has any knowledge.

(Date) (Signature of Duly Authorized Officer of Taxpayer) (Title)
(Date) (Signature of Individual Preparing Return) (Address) (Preparer’s ID Number)
VERIFICATION (See Instructions)
SIGNATURE AND (Name of Tax Preparer’s Employer) (Address) (Employer’s ID Number)

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2020 – BFC-1 – Page 2
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

ANNUAL GENERAL QUESTIONNAIRE (See Instructions)
All taxpayers must answer the following questions. Riders must be provided where necessary.
1. Type of business
Principal products handled
2. State the location of the actual seat of management or control of the corporation

3. Did one or more other corporations own beneficially, or control, a majority of the stock of taxpayer corporation or did the same interests own
beneficially, or control, a majority of the stock of taxpayer corporation and of one or more other corporations? Yes. Provide a rider indicating
the name and FEIN of the controlled corporation, the name and FEIN of the controlling/parent corporation, and the percentage of stock owned or
controlled. OR No.
4. These questions must be answered by corporations with a controlling interest in certain commercial property.
a. During the period covered by the return, did the taxpayer acquire or dispose of directly or indirectly a controlling interest in certain commercial
property? Yes. Answer question 4b below. OR No.
b. Controlling Interest Transfer Tax, or Statement of Waiver of Transfer Tax, filed with the Division of Taxation? WasCITT-1E,the CITT-1,
Yes. Provide a rider indicating the information and include a copy of the CITT-1 or CITT-1E filed. OR No. Provide a rider indicating the
name and FEIN of the transferee, the name and FEIN of the transferor, and the assessed value of the property.
5. Does this corporation own any Qualified Subchapter S Subsidiaries (QSSS)? Yes. Provide a rider indicating the name, address, and FEIN of the
subsidiary, whether the subsidiary made a New Jersey QSSS election, and whether the activities of the subsidiary are included in this return. OR
No.
6. Did the taxpayer receive any deemed repatriation dividends reported under IRC §965 from a subsidiary in the taxpayer’s federal tax year 2017 or 2018
for which the taxpayer files a New Jersey 2017, 2018, or 2019 tax return? Yes. Provide a rider indicating the name and FEIN of the subsidiary, the
amount of deemed repatriation dividends, and indicate on which New Jersey return the income was included. OR No.
7. If the taxpayer is a unitary subsidiary of a combined group filing a New Jersey combined return from which the taxpayer is excluded,did the taxpayer
distribute dividends or deemed dividends in the current tax year? Yes. Provide a rider indicating the name and FEIN of the entity to which the
dividends were paid (deemed), the amount of dividends, and unitary ID number of the combined group. OR No.
8. Is the taxpayer an intangible holding company or is the taxpayer’s income, directly or indirectly, from intangible property or related service activities
that are deductible against the income of members of a combined group? Yes. Provide a rider indicating the names and ID numbers of the
combined group or the related members and detail the taxpayer’s income that is deductible against their income. OR No.
9. Is income from sources outside the United States included in taxable net income on Schedule A?
Yes No NA
If yes, provide a rider indicating such items of gross income, the source, the deductions and the amount of foreign taxes paid. Enter on Schedule A,
Part II, line 10, the difference between the net of such income and the amount of foreign taxes paid not previously deducted (include a rider).
10. Does the taxpayer have related parties or affiliates that file combined returns in New Jersey? Yes. OR No.
11. Does the taxpayer file as part of a group filing combined returns/reports in other states with corporations that either do not file New Jersey returns or
file separate New Jersey returns? Yes. OR No.
12. Is the taxpayer part of a group that files a New Jersey combined return, but is excluded from the combined return? Yes. Provide information
below. OR No.
Name of the managerial member of the combined group:
13. Has the taxpayer or the preparer completing this return on the taxpayer’s behalf taken any uncertain tax positions when filing this return or their
federal tax return? Yes. Include a rider detailing the information. OR No.
For more information see Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740-10, formerly FASB
Interpretation No. 48 (FIN 48).
14. Doesor the taxpayer own or lease real tangible property:
a. In New Jersey? Yes. OR No.
b. Outside New Jersey? Yes. Provide information below. OR No.
List the states, political subdivisions, and foreign nations (as applicable):
15. What percentage of the taxpayer’s worldwide property, real or tangible, is inside the United States?
16. Does the taxpayer have payroll:
a. In New Jersey? Yes. OR No.
b. Outside New Jersey? Yes. Provide information below. OR No.
List the states, political subdivisions, and foreign nations (as applicable):
17. What percentage of the taxpayer’s worldwide payroll is inside the United States?
18. Is 20 percent or more of either or both the taxpayer’s property and payroll inside the United States? Yes. OR No.
19. Does the taxpayer own a disregarded entity or utilize a disregarded entity of a related party? Yes. Include a rider with the entity’s name and tax
ID number. OR No.

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                                                                                                                                                                                      2020 – BFC-1 – Page 3
NAME AS SHOWN ON RETURN                                                                FEDERAL ID NUMBER

                                                 CALCULATION OF NEW JERSEY TAXABLE NET INCOME (SEE INSTRUCTIONS) 
Schedule A                               EVERY CORPORATION MUST COMPLETE PARTS I, II, AND III OF THIS SCHEDULE
PART I – COMPUTATION OF ENTIRE NET INCOME  (All data must match the federal pro forma or federal return, whichever is applicable.) 
                                                   Income
    1. a.  Gross receipts or sales ....................................................................................................................                            1a.
       b.  Less: Returns and allowances .........................................................................................................                                  1b.
       c.  Total – Subtract line 1b from line 1a .................................................................................................                                 1c.
    2. Less: Cost of goods sold (from Schedule A-2, line 8) ...................................................................................                                    2.
    3. Gross profit – Subtract line 2 from line 1c .............................................................................................                                   3.
    4. a.  Dividends .........................................................................................................................................                     4a.
       b.  Gross Foreign Derived Intangible Income (see instructions) (include copy of federal Form 8993) .................                                                        4b.
       c.  Gross Global Intangible Low-Taxed Income (see instructions) (include copy of federal Form 8992) .................                                                       4c.
    5. Interest...................................................................................................................................................                 5.
    6. Gross rents ............................................................................................................................................                    6.
    7. Gross royalties.......................................................................................................................................                      7.
    8. Capital gain net income (include a copy of federal Schedule D) ......................................................................                                       8.
    9. Net gain or (loss) (from federal Form 4797, include a copy) .............................................................................                                   9.
    10 Other income (include schedule(s)) ........................................................................................................................................ 10.
11.    Total Income – Add lines 3 through 10 .................................................................................................                                     11.
                                                  Deductions
12.    Compensation of officers (from Schedule F) ..............................................................................................                                   12.
13. Salaries and wages (less employment credits).............................................................................................                                      13.
14. Repairs (Do not include capital expenditures) .................................................................................................                                14.
15. Bad debts ..............................................................................................................................................                       15.
16. Rents .....................................................................................................................................................                    16.
17. Taxes .....................................................................................................................................................                    17.
18. Interest...................................................................................................................................................                    18.
19. Charitable contributions .........................................................................................................................                             19.
20. Depreciation(from federal Form 4562, include a copy)           lessclaimed elsewhere20.                                                                                                                depreciationon return .......... 
21. Depletion ...............................................................................................................................................                      21.
22. Advertising .............................................................................................................................................                      22.
23.    Pension, profit-sharing plans, etc ..........................................................................................................                               23.
24.    Employee benefit programs...................................................................................................................                                24.
25. Reserved for future use .........................................................................................................................                              25.
26. Other deductions (include schedule) ..........................................................................................................                                 26.
27.    Total Deductions - Add lines 12 through 26 .........................................................................................                                        27.
28. Taxable income before federal net operating loss deductions and  federal special deductions – 
       Subtract line 27 from line 11 (Must agree with line 28, page 1 of the Unconsolidated federal Form 1120, or the 
       appropriate line of any other federal corporate return filed) (See instructions) ............................................................                               28.
PART II – NEW JERSEY MODIFICATIONS TO ENTIRE NET INCOME
    1. Taxable income/(loss) before federal net operating loss deductions and special deductions (from 
       Schedule A, Part I, line 28) ...............................................................................................................                                1.
                                                  Additions
    2. Reserved for future use .........................................................................................................................                           2.
    3. Other federally exempt income not included in line 1 (see instructions) ....................................................                                                3.
    4. Interest on federal, state, municipal, and other obligations not included in line 1 (see instructions) ...........                                                          4.
    5. New Jersey State and other states taxes deducted in line 1 (see instructions) .........................................                                                     5.
    6. Related party interest addback (from Schedule G, Part I) ............................................................................                                       6.
    7. Related party intangible expenses and costs addback (from Schedule G, Part II) .......................................                                                      7.
    8. Reserved for future use .........................................................................................................................                           8.
    9. Depreciation modification being added to income (from Schedule S) ........................................................                                                  9.
10. Other additions. Explain on separate rider (see instructions) .....................................................................                                            10.

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2020 – BFC-1 – Page 4
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

CALCULATION OF NEW JERSEY TAXABLE NET INCOME (SEE INSTRUCTIONS)
Schedule A EVERY CORPORATION MUST COMPLETE PARTS I, II AND III OF THIS SCHEDULE
11. Taxable income/(loss) with additions – Add line 1 through line 10 and enter the total ......................... 11.
Deductions
12. Depreciation modification being subtracted from income (from Schedule S) ............................................ 12.
13. Previously Taxed Dividends (from Schedule PT) ....................................................................................... 13.
14. a. Enter the I.R.C. § 250(a) deduction amount allowed federally for GILTI if GILTI is included on
line 1 ................................................................................................................................................. 14a.
b. Enter the I.R.C. § 250(a) deduction amount allowed federally for FDII if FDII is included on line 1 14b.
c. Net GILTI previously taxed by New Jersey not deducted or excluded elsewhere ........................... 14c.
15. I.R.C. § 78 Gross-up included in line 1 (do not include dividends that were excluded/deducted elsewhere) ............. 15.
16. Reserved for future use ............................................................................................................................ 16.
17. a. Elimination of nonoperational activity (from Schedule O, Part I) ............................................................ 17a.
b. Elimination of nonunitary partnership income/loss (from Schedule P-1, Part II, line 4) ............................ 17b.
18. Other deductions. Explain on separate rider (see instructions) ................................................................. 18.
19. Total deductions – Add line 12 through line 18 and enter the total ....................................................... 19.
Taxable Net Income/(Loss) Calculation
20. Entire Net Income/(Loss) Subtotal – Subtract line 19 from line 11 ....................................................... 20.
21. Allocation factor from Schedule J (if all receipts were derived from only New Jersey sources, enter 1.000000) ...... 21.
22. Allocated entire net income/(loss) before net operating loss deductions and dividend exclusion –
Multiply line 20 by line 21 and enter the result here (if zero or less, enter zero on line 32) ............................ 22.
23. Prior year net operating loss (PNOL) deduction (from Form 500, Section A) (Amount entered cannot be more
than amount on line 22)............................................................................................................................... 23.
24. Allocated entire net income before post allocation net operating loss deduction – Subtract line 23
from(If zero or less, enter zero here and on line 32) ............................................................................. 24. line 22
25. Post allocation net operating loss (NOL) deduction (from Form 500, Section B) (Amount entered cannot be
more than amount on line 24) ....................................................................................................................... 25.
26. Allocated entire net income before allocated dividend exclusion – Subtract line 25 from line 24 (If
zero or less, enter zero here and on line 32) ................................................................................................... 26.
27. Allocated Dividend Exclusion (from Schedule R) (see instructions) .................................................................. 27.
28. Reserved for future use ........................................................................................................................ 28.
29. Taxable net income subtotal before I.B.F. exclusion – Subtract line 27 from line 26 .............................. 29.
30. I.B.F. Exclusion (see instructions) ..................................................... 30.
31. Allocated I.B.F. Exclusion (Multiply line 30 (I.B.F. exclusion) by line 21 (allocation factor from Schedule J)) ............. 31.
32. Taxable net income – Subtract line 31 from line 29 ............................................................................ 32.
Did the taxpayer have any discharge of indebtedness excluded from federal taxable income
in the current tax year pursuant to subparagraph (A), (B), or (C) of paragraph (1) of
subsection (a) of IRC § 108 Yes. See instructions for Form 500. OR No.
PART III – COMPUTATION OF NEW JERSEY TAX BASE
1. Enter taxable net income from Schedule A, Part II, line 32 .................................................................. 1.
2. a. New Jersey Nonoperational Income (from Schedule O, Part III) (if zero or less, enter zero) ......................... 2a.
b. Nonunitary Partnership Income (from Schedule P-1, Part II, line 5) (if zero or less, enter zero) ...................... 2b.
3. Tax Base – Add line 1 to line 2a or 2b, if applicable. Enter total here and on line 1, page 1 ................ 3.

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2020 – BFC-1 – Page 5
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

COST OF GOODS SOLD (See Instructions) All data must match amounts reported on federal
Schedule A-2 Form 1125-A of the federal pro forma or federal return, whichever is applicable.
1. Inventory at beginning of year ............................................................................................... 1.
2. Purchases.............................................................................................................................. 2.
3. Cost of labor .......................................................................................................................... 3.
4. Additional section 263A costs ................................................................................................ 4.
5. Other costs (include schedule) ................................................................................................... 5.
6. Total – Add lines 1 through 5 ................................................................................................. 6.
7. Inventory at end of year ......................................................................................................... 7.
8. Cost of goods sold – Subtract line 7 from line 6. Include here and on Schedule A, Part I,
line 2 ...................................................................................................................................... 8.

Schedule A-3 SUMMARY OF TAX CREDITS (See Instructions)
PART I – Tax Credits Used Against Liability
1. New Jobs Investment Tax Credit from Form 304 .................................................................. 1.
2. Angel Investor Tax Credit from Form 321 .............................................................................. 2.
3. Business Employment Incentive Program Tax Credit from Form 324 ................................... 3.
4. EITHER: a) Urban Enterprise Zone Employee Tax Credit from Form 300 .........................
OR b) Urban Enterprise Zone Investment Tax Credit from Form 301 ........................ 4.
5. Redevelopment Authority Project Tax Credit from Form 302 ................................................ 5.
6. Manufacturing Equipment and Employment Investment Tax Credit from Form 305 ............. 6.
7. Research and Development Tax Credit from Form 306 ........................................................ 7.
8. Neighborhood Revitalization State Tax Credit from Form 311 ............................................... 8.
9. Effluent Equipment Tax Credit from Form 312 ...................................................................... 9.
10. Economic Recovery Tax Credit from Form 313 ..................................................................... 10.
11. AMA Tax Credit from Form 315 ............................................................................................. 11.
12. Business Retention and Relocation Tax Credit from Form 316 ............................................. 12.
13. Sheltered Workshop Tax Credit from Form 317 .................................................................... 13.
14. Film Production Tax Credit from Form 318 ............................................................................ 14.
15. Urban Transit Hub Tax Credit from Form 319 ........................................................................ 15.
16. Grow NJ Tax Credit from Form 320 ....................................................................................... 16.
17. Wind Energy Facility from Form 322 ..................................................................................... 17.
18. Residential Economic Redevelopment and Growth Tax Credit from Form 323 .................... 18.
19. Public Infrastructure Tax Credit from Form 325 ..................................................................... 19.
20. Reserved for future use ......................................................................................................... 20.
21. Film and Digital Media Tax Credit from Form 327 ................................................................. 21.
22. Tax Credit for Employers of Employees With Impairments from Form 328 ........................... 22.
23. Pass-Through Business Alternative Income Tax Credit from Form 329 ................................ 23.
24. Apprenticeship Program Tax Credit from Form 330 .............................................................. 24.
25. Tax Credit for Employer of Organ/Bone Marrow Donor from Form 331 ................................ 25.
26. Tiered Subsidiary Dividend Pyramid Tax Credit from Form 332 ............................................ 26.
27. Other Tax Credit (see instructions) ........................................................................................ 27.
28. Total tax credits – Add lines 1 through 27. Enter here and on page 1, line 3 ....................... 28.
PART II – Refundable Tax Credits
1. Refundable portion of New Jobs Investment Tax Credit from Form 304 ............................... 1.
2. Refundable portion of Angel Investor Tax Credit from Form 321 ........................................... 2.
3. Refundable portion of Business Employment Incentive Program Tax Credit from Form 324 ... 3.
4. Other Tax Credit to be refunded ............................................................................................ 4.
5. Total amount of tax credits to be refunded. Enter here and on page 1, line 10c ................... 5.

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2020 – BFC-1 – Page 6
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

SUMMARY SCHEDULE (See Instructions)
Schedule A-4 All corporations must complete this schedule and submit it with their BFC-1 tax return
PNOL Deduction and Carryover Net Operational Income Information
1. Form 500, Section A, line 5 minus line 7 ... 1. 8. Schedule O, Part III, line 31................... 8.
NOL Deduction and Carryover Schedule A-GR Information
2. Form 500, Section B, line 6 minus line 8 ... 2. 9. Schedule A-GR, line 6 ........................... 9.
Interest and Intangible Costs and Expenses
Dividend Exclusion Information
3. Schedule G, Part I, line b.......................... 3. 10. Schedule R, line 7 ............................... 10

4. Schedule G, Part II, line b......................... 4. 11. Schedule R, line 9 ............................... 11.
Schedule J Information
5. Schedule J, line 1f .................................... 5. 12. Schedule R, line 11 ............................. 12.
Schedule P Information
6. Schedule J, line 1g ................................... 6. 13. Schedule P, Part III, line 1 ................... 13.
7. Schedule J, line 1h ................................... 7. 14. Schedule P, Part III, line 2 ................... 14.

COMPUTATION OF NEW JERSEY GROSS RECEIPTS AND MINIMUM TAX (See Instructions)
Schedule A-GR Complete this schedule only if the amount reported on page 1, line 4 is less than $2,000.
1. Enter sales of tangible personal property shipped to points within New Jersey .................... 1.
2. Enter services if the benefit of the service is received in New Jersey. .................................. 2.
3. Enter rentals of property situated in New Jersey ................................................................... 3.
4. Enter royalties for the use in New Jersey of patents, copyrights, and trademarks ................ 4.
5. Enter all other business receipts earned in New Jersey........................................................ 5.
6. Total New Jersey Gross Receipts.......................................................................................... 6.
7. Enter minimum tax per instructions. Include here and on page 1, line 6 ............................... 7.

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2020 – BFC-1 – Page 7
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

GROSS INCOME TEST FOR FINANCIAL BUSINESSES (See Instruction)
Schedule A-7 Qualifying financial businesses must file this form along with their tax return (Form BFC-1)
This form is used to determine whether a corporation qualifies as a Financial Business Corporation. For the purpose of making this computation, col-
umn 1 shall be the sum of the amounts reported on line 1 and lines 4 through 10 of Part I of Schedule A on Form CBT-100 or BFC-1, adjusted for interest
on federal, State, municipal and other obligations not included on line 5 of Part I of Schedule A and the dividend exclusion. Column 2 is the gross income
included in column 1, which was derived from the following financial activities:
1. Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt;
2. Buying and selling exchange;
3. Making of or dealing in secured or unsecured loans and discounts;
4. Dealing in securities or shares of corporate stock by purchasing and selling such securities and stock without recourse, solely upon the order and for
the account of customers;
5. Investing and reinvesting in marketable obligations evidencing indebtedness of any person, co-partnership, association, or corporation in the form of
bonds, notes, or debentures commonly known as investment securities; or
6. Dealing in or underwriting obligations of the United States, any state or any political subdivision thereof or of a corporate instrumentality of any of
them.
7. Certain leasing transactions which approximate secured loans by meeting each of the following requirements:
i. Lessor must look primarily to the creditworthiness of the lessee in order to recover its investment.
ii. Lessor may not rely on repetitious leasing of the same property.
iii. The lease must be a net lease.
iv. The lessor must recover its full investment plus its cost of financing through the rental payments, tax benefits, and the residual value of the
property.
See N.J.A.C. 18:7-1.16(b) for additional information regarding leasing transactions.
Section A
Column 1 Column 2
From the Corresponding lines in Part I of Schedule A of the CBT-100 or BFC-1 Gross Income Gross Income
Overall Financial Activities
Line 1 Gross receipts
Line 4a Dividends
Line 4b Foreign Derived Intangible Income
Line 4c Global Intangible Low-Taxed Income
Line 5 Interest
Line 6 Gross rents
Line 7 Gross royalties
Line 8 Capital gain net income
Line 9 Net gain or loss from federal Form 4797
Line 10 Other income
Section B
Line 11 TOTAL – Add lines 1 through 10 in Section A
Line 12 Interest on federal, State, municipal and other obligations not included in line 28,
Part I of Schedule A
Line 13 Subtotal – Add lines 11 and 12
Line 14 Allocation factor from Schedule J
Line 15 Allocated Subtotal – Multiply line 13 by the allocation factor on line 14
Line 16 Allocated dividend exclusion from Schedule R
Line 17 Subtotal – Subtract line 16 from line 15
Line 18 Reserved for future use
Line 19 GROSS INCOME – Enter amount from line 17
Divide the gross income from column 2 by the gross income from column 1 and enter the result %
If the resulting percentage is less than 75%, the corporation does not qualify as a Financial Business and must file a Corporation Business Tax
Return, Form CBT-100.
If the resulting percentage is 75% or more, the corporation qualifies as a Financial Business and must file a Corporation Business Tax Return for
Banking and Financial Corporations, Form BFC-1, and complete Schedule L, apportioning the financial business in New Jersey consistent with
N.J.S.A. 54:10A-38 (section 38 of the Corporation Business Tax Act).
This schedule must be attached to the BFC-1 filed by the taxpayer.

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                                                                                                                                           2020 – BFC-1 – Page 8
NAME AS SHOWN ON RETURN                                                                                       FEDERAL ID NUMBER

Schedule B                          BALANCE SHEET AS OF                                                                                , 
                                    Figures appearing below must be the same as year-end figures shown on the taxpayer’s books. If not, explain 
                                    and reconcile on rider. Consolidated information is not permitted on single returns. See instructions. Where 
                                    applicable, data must match amounts reported on Schedule L of the federal pro forma or federal return, whichever is 
                                    applicable.
                        Assets                                                                                  Beginning of Tax Year      End of Tax Year
1.  Cash ....................................................................................................
2.  Trade notes and accounts receivable ..................................................
    a. Reserve for bad debts .....................................................................            (                       )  (                )
3.  Loans to stockholders/affiliates ...........................................................
4.  Stock of subsidiaries............................................................................
5.  Corporate stocks .................................................................................
6.  Bonds, mortgages, and notes..............................................................
7.  New Jersey state and local government obligations ...........................
8.  All other government obligations .........................................................
9.  Patents and copyrights ........................................................................
10. Deferred charges .................................................................................
11. Goodwill ...............................................................................................
12. All other intangible personal property (itemize) .....................................
13. Total intangible personal property (total lines 1 to 12) .........................
14. Land  ....................................................................................................
15. Buildings and other improvements ......................................................
    a. Less accumulated depreciation .......................................................                  (                       )  (                )
16. Machinery and equipment ...................................................................
    a. Less accumulated depreciation .......................................................                  (                       )  (                )
17. Inventories ...........................................................................................
18. All other tangible personalty (net) (itemize on rider) ............................
19. Total real and tangible personal property (total lines 14 to 18) ............
20. Total assets (add lines 13 and 19) .......................................................
    Liabilities and Stockholder’s Equity
21. Accounts payable ................................................................................
22. Mortgages, notes, bonds payable in less than 1 year (incl. schedule) ..
23. Other current liabilities (include schedule)...........................................
24. Loans from stockholders/affiliates .......................................................
25. Mortgages, notes, bonds payable in 1 year or more (include schedule)
26. Other liabilities (include schedule) .......................................................
27. Capital stock: (a) Preferred stock ...................................................
                    (b) Common stock ...................................................
28. Paid-in or capital surplus .....................................................................
29. Retained earnings – appropriated (include schedule) .........................
30. Retained earnings – unappropriated ...................................................
31. Adjustments to shareholders’ equity (include schedule) .....................
32. Less cost of treasury stock ..................................................................
33. Total liabilities and stockholder’s equity (total lines 21 to 32) ..............

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                                                                                                                                                                        2020 – BFC-1 – Page 9
NAME AS SHOWN ON RETURN                                                FEDERAL ID NUMBER

                                 RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN (See Instructions) 
Schedule C                         Data must match amounts reported on Schedule M-1 of the federal pro forma or federal return, whichever is applicable. 
                                          If the taxpayer completed federal Schedule M-3 (Form 1120 /1120-F), include a copy.
1.  Net income per books                                               7.  Income recorded on books this year not 
2.  Federal income tax per books                                        included in this return (itemize)
                                                                        a. Tax-exempt interest $
3.  Excess of capital losses over capital 
 gains                                                                  b.
4.  Income subject to tax not recorded on                               c.
 books this year (itemize)
                                                                       8.  Deductions in this tax return not charged 
                                                                        against book income this year (itemize)
5.  Expenses recorded on books this year                                a. Depreciation $
 not deducted in this return (itemize)                                  b. Contributions Carryover $
 a. Depreciation $                                                      
 b. Contributions Carryover $
 c. Other (itemize) $                                                  9.  Total of lines 7 and 8
6.  Total of lines 1 through 5                                         10. Income (Schedule A, Part I, line 28) – 
                                                                        line 6 less 9

                                   ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS (See Instructions)
Schedule C-1                       Data must match amounts reported on Schedule M-2 of the federal pro forma or federal return, whichever is applicable.
1.  Balance at beginning of year                                       5.  Distributions
2.  Net income per books                                                a. Cash $
3.  Other increases (itemize)                                           b. Stock $
                                                                        c. Property $
                                                                       6.  Other decreases (itemize)

                                                                       7.  Total of lines 5 and 6
4.  Total of lines 1, 2, and 3                                         8.  Balance end of year (line 4 less 7)

                                 CORPORATE OFFICERS – GENERAL INFORMATION AND COMPENSATION (See Instructions)
Schedule F                       Data must match amounts reported on federal Form 1125-E of the federal pro forma or federal return, whichever is applicable.
                                                                          (4)                       (5)
       (1)                                (2)                      (3)  Dates Employed  Percentage of Corpora-                                                          (6)
 Name and Current Address of Officer      Social Security Number Title  in this position         tion Stock Owned                                                       Amount of Compensation
                                                                        From              To Common      Preferred

 a.  Total compensation of officers ....................................................................................................................................
 b.  Less: Compensation of officers claimed elsewhere on the return ..............................................................................
 c.  Balance of compensation of officers (include here and on Schedule A, Part I, line 12) .............................................

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2020 – BFC-1 – Page 10
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule G – Part I INTEREST (See Instructions)
1. Was interest paid, accrued, or incurred to a related member(s) deducted from entire net income?
Yes. Fill out the following schedule. No.

Name of Related Member Federal ID Number Relationship to Taxpayer Amounts

a. Total amount of interest deducted.................................................................................................................
b. Subtract: Exceptions (see instructions) ............................................................................................................. ( )
c. Related Party Interest Expenses Disallowed for New Jersey Purposes (include here and on Schedule A,
Part II, line 6) ................................................................................................................................................

Schedule G – Part II INTEREST EXPENSES AND COSTS AND INTANGIBLE EXPENSES AND COSTS (See Instr.)
1. Were intangible expenses and costs, including intangible interest expenses and costs, paid, accrued or incurred to related members, deducted
from entire net income? Yes. Fill out the following schedule. No.
Type of Intangible
Name of Related Member Federal ID Number Relationship to Taxpayer Expense Deducted Amounts

a. Total amount of intangible expenses and costs deducted ..............................................................................
b. Subtract: Exceptions (see instructions) ............................................................................................................... ( )
c. Related Party Intangible Expenses and Costs addback (include here and on Schedule A, Part II, line 7) ....
NOTE: For tax years beginning on or after January 1, 2018, the treaty exceptions have been limited pursuant to P.L. 2018, c. 48. See Schedule G-2
instructions for more information.

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2020 – BFC-1 – Page 11
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

TAXES (See Instructions)
Schedule H Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A.
(a) (b) (c) (d) (e) (f)
Corporation Corporation
Franchise Business/ Property U.C.C. or Other Taxes/ Total
Business Taxes Occupancy Taxes Taxes Payroll Taxes Licenses
(include schedule)
1. New Jersey Taxes
2. Other States & U.S.
Possessions
3. City and Local Taxes
4. Taxes Paid to Foreign
Countries*
5. Total
6. Combine lines 5(a)
and 5(b)
7. Sales & Use Taxes Paid
by a Utility Vendor
8. Add lines 6 and 7

9. Federal Taxes
10. Total (Combine line 5
and line 9)
* Include on line 4 taxes paid or accrued to any foreign country, state, province, territory, or subdivision thereof.

Schedule J COMPUTATION OF ALLOCATION FACTOR (See Instructions)
All taxpayers, regardless of entire net income reported on Schedule A, Part II, line 20, Form BFC-1, must complete Schedule J. This schedule
can be omitted if the taxpayer does not have receipts outside New Jersey, in which case the allocation factor will be 100% (1.000000).
For tax years ending on and after July 31, 2019, services are sourced based on market sourcing not cost of performance.
1. Receipts: AMOUNTS (omit cents)
a. From sales of tangible personal property shipped to points within New Jersey ...................................... a.
b. From services if the benefit of the service is received in New Jersey ................................................... b.
c. From rentals of property situated in New Jersey................................................................................ c.
d. From royalties for the use in New Jersey of patents, copyrights, and trademarks .................................. d.
e. All other business receipts earned in New Jersey (See instructions) .................................................... e.
f. Total New Jersey receipts (Total of lines 1a to 1e, inclusive) ............................................................... f.
g. Total receipts from all sales, services, rentals, royalties, and other business transactions everywhere ..... g.
h. Allocation Factor (Percentage in New Jersey (line 1f) divided by line 1g). Carry the fraction 6 decimal
places. Do not express as a percent. Include here and on Schedule A, Part II, line 21 ............................ h.
NOTE: Include the GILTI and the receipts attributable to the FDII, net of the respective allowable IRC §250(a) deductions, in the allocation factor. The
net amount of GILTI (i.e., the GILTI reduced by the I.R.C. § 250(a) GILTI deduction) and the net FDII (i.e., the receipts attributable to the FDII
reduced by the I.R.C. § 250(a) FDII deduction) amounts are included in the numerator (if applicable) and the denominator.

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                                                                                          2020 – BFC-1 – Page 12
NAME AS SHOWN ON RETURN                                      FEDERAL ID NUMBER

Schedule L  (See Instructions)
                                        Column I                              Column II   Column III
                              Office Locations in New Jersey         Deposit Balances  
For Division Use        Taxing District          County                       or Receipts Percentages

                                                             TOTALS $

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2020 – BFC-1 – Page 13
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule P-1 PARTNERSHIP INVESTMENT ANALYSIS (See Instructions)
Part I – Partnership Information
(1) (2) (3) (4) (5) (6) (7)
Partnership, LLC, or Other Entity Information Date and Percentage Tax Accounting Method New Jersey Tax Payments Made
State where of Limited General Flow Separate Nexus on Behalf of Taxpayer
Name Federal ID Number Organized Ownership Partner Partner Through Accounting* Yes No by Partnerships

Enter total of column 7 here and on page 1, line 10b.............................................................................................................
*Taxpayers using a separate accounting method must complete Part II.
Part II – Separate Accounting of Nonunitary Partnership Income
(1) (2) (3) (4)
Taxpayer’s Share of Income
Nonunitary Partnership’s Distributive Share of Income/Loss Partnership’s Allocation Factor Allocated to New Jersey
Federal ID Number from Nonunitary Partnership (See Instructions) (Multiply Column 2 by Column 3)
1.
2.
3.
4. Total column 2. Enter amount here and Schedule A, Part II, line 17b .........................................................................
5. Total column 4. Enter amount here and Schedule A, Part III, line 2b ..........................................................................
If additional space is needed, include a rider.

Schedule PC PER CAPITA LICENSED PROFESSIONAL FEE (See Instructions)
1. Is the corporation a Professional Corporations (PC) formed pursuant to N.J.S.A. 14A:17-1 et seq. or any similar law from a possession or territory
of the United States, a state, or political subdivision thereof? Yes. This schedule must be included with the return. No.
2. How many licensed professionals are owners, shareholders, and/or employees from this Professional Corporation (PC) as of the first day of the
privilege period? 2 or less, complete Part I. More than 2, complete Part I and Part II (if additional space is needed, include a rider).
Part I – Provide the following information for each of the licensed professionals in the PC. Include a rider if additional space is needed.
Name Address FID/SSN
1.
2.
3.
4.
5.
Part II – Complete only if there are more than 2 licensed professional listed above.
1. Enter number of resident and nonresident professionals with physical nexus with
New Jersey x $150 ............................................................................................. 1.
2. Enter number of nonresident professionals without physical nexus with
New Jersey x $150 x allocation factor of the PC ................................................. 2.
3. Total Fee Due – Add line 1 and line 2 ......................................................................................... 3.
4. Installment Payment – 50% of line 3 .......................................................................................... 4.
5. Total Fee Due (line 3 plus line 4) ................................................................................................ 5.
6. Less prior year 50% installment payment and credit (if applicable) ........................................... 6. ( )
7. Balance of Fee Due (line 5 minus line 6). If the result is zero or more, include the amount
here and on Form BFC-1, page 1, line 8 .................................................................................... 7.
8. Credit to next year’s Professional Corporation Fee (if line 7 is less than zero, enter the
amount here) .............................................................................................................................. 8.

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2020 – BFC-1 – Page 14
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule P SUBSIDIARY INVESTMENT ANALYSIS (See Instructions)
NOTE: Taxpayers must hold 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of
all other classes of stock, except non-voting stock which is limited and preferred as to dividends, for each subsidiary. Do not include advances
to subsidiaries in book value. Do not include any previously taxed dividends. Instead, report those amounts on Schedule PT.
PART I DOMESTIC SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Domestic Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported in Sch. B) (as reported on Schedule A)

Totals ...............................................................................................................
PART II FOREIGN SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Foreign Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported in Sch. B) (as reported on Schedule A)

Totals ...............................................................................................................
PART III TOTAL OF 80% OR MORE OWNED SUBSIDIARY DIVIDENDS
1. Enter total from Part I, column 4 (include here and on Schedule A-4) ........................................................................ 1.
2. Enter total from Part II, column 4 (include here and on Schedule A-4) ....................................................................... 2.
3. Total dividends. Add lines 1 and 2 (include here and on Schedule R) ........................................................................ 3.

Schedule R DIVIDEND EXCLUSION (See Instructions)
1. Enter the total dividends and deemed dividends reported on Schedule A ................................................... 1.
2. Enter amount from Schedule PT, Section D, line 3 ....................................................................................... 2.
3. Dividends eligible for dividend exclusion – Subtract line 2 from line 1 .......................................................... 3.
4. Enter amount from Schedule P, Part III, line 3 ............................................................................................... 4.
5. Multiply line 4 by .95 ...................................................................................................................................... 5.
6. Subtract line 4 from line 3 .............................................................................................................................. 6.
7. Dividend income from investments where taxpayer owns less than 50% of voting
stock and less than 50% of all other classes of stock (do not include amounts subtracted on line 2) .......................... 7. ( )
8. Subtract line 7 from line 6 .............................................................................................................................. 8.
9. Multiply line 8 by 50% .................................................................................................................................... 9.
10. Reserved for future use ................................................................................................................................. 10.
11. DIVIDEND EXCLUSION: Add lines 5 and 9 ................................................................................................ 11.
12. Allocation factor from current Schedule J (if all receipts are derived from only NJ sources, enter 1.000000) ................. 12.
13. ALLOCATED DIVIDEND EXCLUSION: Multiply line 11 by line 12 (include here and on Schedule A, Part II, line 27) 13.

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2020 – BFC-1 – Page 15
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule S DEPRECIATION AND SAFE HARBOR LEASING (See Instructions)
1. IRC § 179 Deduction ........................................................................................................................................ 1.
2. Special Depreciation Allowance – for qualified property placed in service during the tax year ........................ 2.
3. MACRS ................................................................................................................................................................ 3.
4. ACRS................................................................................................................................................................ 4.
5. Other Depreciation ........................................................................................................................................... 5.
6. Listed Property .................................................................................................................................................. 6.
7. Total depreciation claimed in arriving at Schedule A, Part II, line 1 .................................................................. 7.
Include Federal Form 4562 and Federal Depreciation Worksheet
Modification at Schedule A, Part II, line 9 or line 12 – Depreciation and Certain Safe Harbor Lease Transactions
Additions
8. Amounts from lines 3, 4, 5, and 6 above .......................................................................................................... 8.
9. Special Depreciation Allowance from line 2 above ........................................................................................... 9.
10. Distributive share of the special depreciation allowance from a partnership .................................................... 10.
11. Distributive share of ACRS, MACRS, and other depreciation from a partnership ............................................ 11.
12. Deductions on federal return resulting from an election made pursuant to IRC § 168(f)(8) exclusive of
elections made with respect to mass commuting vehicles
a. Interest ........................................................................................................................................................ 12a.
b. Rent............................................................................................................................................................. 12b.
c. Amortization of Transactional Costs............................................................................................................ 12c.
d. Other Deductions ........................................................................................................................................ 12d.
13. IRC § 179 depreciation in excess of New Jersey allowable deduction ............................................................ 13.
14. Other additions (include an explanation/reconciliation) ..................................................................................... 14.
15. Total lines 8 through 14 .................................................................................................................................... 15.
Deductions
16. New Jersey depreciation .................................................................................................................................. 16.
17. Recomputed depreciation attributable to distributive share of recovery property from a partnership ............... 17.
18. Any income included in the return with respect to property solely as a result of an IRC § 168(f)(8) election .. 18.
19. The lessee/user should enter the amount of depreciation that would have been allowable under the Internal
Revenue Code on December 31, 1980, had there been no safe harbor lease election .................................. 19.
20. Excess of accumulated ACRS, MACRS, or bonus depreciation over accumulated New Jersey depreciation
on physical disposal of recovery property (include computations) ................................................................... 20.
21. Other deductions (include an explanation/reconciliation).................................................................................. 21.
22. Total lines 16 through 21 .................................................................................................................................. 22.
23. ADJUSTMENT – Subtract line 22 from line 15 and enter the result. (If line 23 is positive, enter at
Schedule A, Part II, line 9. If line 23 is negative, enter as a positive number at Schedule A, Part II, line 12) .. 23.

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2020 – BFC-1 – Page 16
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Computation of the 2020 Post Allocation Net Operating Loss (NOL) and
Form 500
Prior Net Operating Loss Conversion Carryover (PNOL) Deductions (See Instructions)
Section A – Computation of Prior Net Operating Losses (PNOL) Deduction from periods ending PRIOR to July 31, 2019
Complete the section only if the Allocated Entire Net Income/(Loss) before net operating loss deductions and dividend exclusion on Schedule A, Part II, line 22 is positive (income).
1. Prior Net Operating Loss Conversion Carryover (PNOL) – Enter the total of Worksheet 500-P, Part II,
column 3 .................................................................................................................................................. 1.
2. Enter the portion of line 1 previously deducted ....................................................................................... 2.
3. Enter the portion of line 1 that expired..................................................................................................... 3.
4. Enter any discharge of indebtedness excluded from federal taxable income in the current tax period
pursuant to subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of IRC § 108*................... 4.
5. PNOL available in the current tax year – Subtract lines 2, 3, and 4 from line 1 (if zero or less, enter zero) ... 5.
6. Enter the allocated net income from Schedule A, Part II, line 22 ............................................................ 6.
7. Current tax year’s PNOL deduction – Enter the lesser of line 5 or line 6 here and on Schedule A,
Part II, line 23 .......................................................................................................................................... 7.
* If the allocated discharge of indebtedness exceeds the amount of PNOL that is available and the taxpayer has post allocation net operating loss
carryover in Form 500 Section B, carry the remaining balance to line 5 of Section B.
Section B – Post Allocation Net Operating Losses (NOLs) For Tax Years Ending ON AND AFTER July 31, 2019
Check the box next to each period if the unused, unexpired, post allocation NOL carryovers are from a tax period in which the taxpayer was a taxable
member on a New Jersey combined return. Otherwise, leave the box blank.
1. Allocated Net Operating Loss Carryover – See instructions.
a. Return Period Ending ............................................................................. 1a.
b. Return Period Ending ............................................................................. 1b.
c. Return Period Ending ............................................................................. 1c.
d. Return Period Ending ............................................................................. 1d.
e. Return Period Ending ............................................................................. 1e.
f. Return Period Ending ............................................................................. 1f.
g. Return Period Ending ............................................................................. 1g.
h. Return Period Ending ............................................................................. 1h.
i. Return Period Ending ............................................................................. 1i.
j. Return Period Ending ............................................................................. 1j.
2. Total Post Allocation Net Operating Losses (NOLs) – Add lines 1a through 1j ......................................... 2.
3. Portion of line 2 previously deducted......................................................................................................... 3.
4. Portion of line 2 that expired (after 20 privilege periods) ........................................................................... 4. ?
5. Enter any discharge of indebtedness excluded from federal taxable income in the current tax period
pursuant to subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of IRC § 108*.................... 5.
6. NOLs available for current tax year – Subtract lines 3, 4, and 5 from line 2 ............................................ 6.
7. Enter Allocated Entire Net Income Before Post Allocation Net Operating Loss Deduction from Sched-
ule A, Part II, line 24 ................................................................................................................................ 7.
8. Current tax year’s NOL deduction – Enter the lesser of line 6 or line 7 here and on Schedule A,
Part II, line 25 .......................................................................................................................................... 8.
* If the taxpayer has any allocated discharge of indebtedness that was not used in Form 500 Section A, enter the balance.
Note: When filing a combined return, post allocation net operating loss (NOL) carryovers are available to be shared by other taxable members of the
combined group with which the taxpayer is a member and included as part of the same New Jersey combined return in the year the NOL carry-
over was generated, pursuant to N.J.S.A. 54:10A-4.6.h. The taxpayer cannot share the NOL carryovers with members of the combined group
which were not included in the same New Jersey combined return in the year the NOL carryover was originally generated.

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2020 – BFC-1 – Page 17
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

NEW JERSEY CORPORATION BUSINESS TAX
worksheet
Prior Net Operating Loss Conversion Worksheet
500-P Use this worksheet to calculate the converted prior net operating losses for use
for tax years ending on and after July 31, 2019. (See Instructions.)
NOTE: This is used to calculate your converted prior net operating losses from pre-allocated net operating loss carryovers to post-allocated net
operating loss carryovers for the last tax periods ending before July 31, 2019. Use the allocation factor calculated on Schedule J in the last
tax period ending prior to July 31, 2019, for Part I, line 1. This is the taxpayer’s base year allocation factor for the last tax period ending before
July 31, 2019, pursuant to N.J.S.A. 54:10A-4(u). Submit a copy of this worksheet to substantiate calculations and to determine usable
amounts for future years. If more space is needed, enclose a rider listing the information.

Part I

1. Allocation Factor For The Last Tax Period Ending Prior to July 31, 2019 (from Schedule J) ........

Part II
Column 1 Column 2 Column 3
Converted Prior Net Operating
Prior Net Operating Losses Loss Carryover
Tax Period Ending (see instructions) Multiply line I, Part I by amount in column 2, Part II

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

Enclose a Copy with Tax Return

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