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NJ-1041 New Jersey
Income Tax Fiduciary Return
2022

For Tax Year January 1, 2022 – December 31, 2022, Or Other Tax Year Beginning , 2022, Ending 20
5-F
Check this box if application for federal extension is enclosed or enter confirmation number

Check box if this is an amended return
Federal Employer Identification Number Name of Estate or Trust

Name and Title of Fiduciary

You must enter your FEIN above Address of Fiduciary (Number and Street or Rural Route) Change of Address
For Privacy Act Notification, see instructions
City, Town, Post Office State ZIP Code

RESIDENCY STATUS: (check only one box)

1. Resident Estate – Date of decedent’s death

2. Resident Trust – Date trust created
Type of Trust
3. Nonresident Estate – Date of decedent’s death and state

` 4. Nonresident Trust – Date trust created and state } Name of State

5. If estate was closed or trust terminated, check box and state the date

GUBERNATORIAL Do you want to designate $1 YES NO Note: If you check the “yes” box, it will notincrease the tax or reduce the refund.
ELECTIONS FUND of your taxes for this fund?
Note: Nonresident estates and trusts, see instructions.
6. Interest..............................Tax-Exempt Interest ...................................................... 6.
7. Dividends .......................... Tax-Exempt Dividends ................................................... 7.
8. Net profits from business (Schedule NJ-BUS-1, Part I, line 4) ........................................................................... 8.
9. Net gains or income from disposition of property (From Schedule A, line 46)................................................... 9.
10. Net gains or income from rents, royalties, patents, and copyrights (Schedule NJ-BUS-1, Part II, line 4) .......... 10.
11. Distributive Share of Partnership Income (Schedule NJ-BUS-1, Part III, line 4) (Enclose Schedule NJK-1) .... 11.
12. Net pro rata share of S Corporation Income (Schedule NJ-BUS-1, Part IV, line 4) ( Enclose Schedule NJ- -K)1 12.
13. Other Income – State Nature ........................... 13.
14. Gross Income (Add lines 6 through 13) If $10,000 or less, see instructions ..................................................... 14.
15. Income from everywhere distributed to beneficiaries (From Schedule B, line 48A) .......................................... 15.
16. Total Income (Subtract line 15 from line 14) ...................................................................................................... 16.

16a. Nonresidents: NJ Income from Schedule E, line 11 .............. 16a.
17. Commissions paid or accrued by executor or trustee (related to
income reported on line 14) .................................................................... 17.
18. Exemption – Enter $1,000 (Part-year taxpayers, see instructions) ........ 18.
19. Health Enterprise Zone Deduction ......................................................... 19.
20. Alternative Business Calculation Adjustment
(Schedule NJ-BUS-2, line 11) ................................................................. 20.
21. NJBEST Deduction ................................................................................. 21.
22. Total deductions and exemption (Add lines 17 through 21).............................................................................. 22.
23. Taxable Income (Subtract line 22 from line 16) ................................................................................................ 23.

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NJ-1041 2022 Page 2

Federal Employer Identification Number Name of Estate or Trust

Name and Title of Fiduciary

24. Taxable Income (From Page 1, line 23)............................................................................................................ 24.
NONRESIDENTS ONLY:
25.
25. Tax on amount on line 24 (From Tax Table)
(Line 16a)
26. Income Percentage = %
(Line 16)
27. Tax
Residents: Enter amount or check box if not subject to tax and enclose statement. (See instructions)
Nonresidents: (Multiply amount from line 25 x % from line 26) ............................... 27.
28. Credit for income or wage taxes paid by New Jersey estates or trusts
to other jurisdictions (From Schedule C, line 53)..................................... 28.
29. Balance of Tax (Subtract line 28 from line 27) ........................................ 29.
30. Sheltered Workshop Tax Credit ............................................................... 30.
31. Balance of Tax after Credit (Subtract line 30 from line 29) ............................................................................... 31.
32. Interest on Underpayment of Estimated Tax (See instructions)
Check box if Form NJ-2210 is enclosed. ................................................................................................... 32.
33. Total Tax Due (Add lines 31 and 32) ................................................................................................................. 33.
34. New Jersey Income Tax previously paid .......................................................................................................... 34.
35a. Tax paid on your behalf by Partnership(s) (See instructions) .................. 35a.
35b. Tax paid on your behalf by Partnership(s) and Distributed
(From Schedule B, line 48C) ................................................................... 35b.
35c. Balance of tax paid on your behalf by Partnership(s)
(Subtract line 35b from line 35a) ...................................................................................................................... 35c.
36a. Pass-Through Business Alternative Income Tax Credit
(See instructions)..................................................................................... 36a.
36b. Pass-Through Business Alternative Income Tax Credit Distributed
(From Schedule B, line 48D) ................................................................... 36b.
36c. Balance of Pass-Through Business Alternative Income Tax Credit
(Subtract line 36b from line 36a) ...................................................................................................................... 36c.
37. Total New Jersey Income Tax Withheld (From enclosed withholding statements. See instructions) ............... 37.
38. Total payments and credits (Add lines 34, 35c, 36c, and 37) ........................................................................... 38.
39. Balance of Tax Due (If line 38 is less than line 33, subtract line 38 from line 33) ............................................. 39.
40. Overpayment (If line 38 is more than line 33, subtract line 33 from line 38) .................................................... 40.
41. Credit to 2023 Tax ............................................................................................................................................ 41.
42. Refund (Subtract line 41 from line 40) .............................................................................................................. 42.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and Pay amount on line 39 in
belief, it is true, correct, and complete. If prepared by a person other than taxpayer, this declaration is based on all information of which the preparer has any full. Write FEIN on check
knowledge. or money order and make
payable to:
Signature of Fiduciary or Officer Representing Fiduciary Date State of New Jersey – TGI
Division of Taxation
Revenue Processing Center
I authorize the Division of Taxation to discuss my return and enclosures with my preparer (below) PO Box 888
Trenton, NJ 08646-0888
SIGN HERE Signature of Preparer Other than Fiduciary (If NJ-1040-0 is enclosed, check box) Federal Identification Number You can also make a pay-
ment on our website:
nj.gov/taxation.
Firm Name Firm’s Federal Employer Identification Number

Division Use 1 2 3 4 5 6 7

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NJ-1041 2022 Page 3

Federal Employer Identification Number Name of Estate or Trust Name and Title of Fiduciary

Net Gains or Income From List the net gains or income, less net loss, derived from the sale, exchange, or other disposition of
Schedule A Disposition of Property property including real or personal whether tangible or intangible as reported on federal Schedule D.
(a) (b) (c) (d) (e) (f)
Date Date Gross sales price Cost or other basis as Gain or (loss)
Kind of property and description acquired sold adjusted (see instructions) (d minus e)
(Mo., day, yr.) (Mo., day, yr.) and expense of sale
43.

44. Capital Gains Distributions ................................................................................................................................ 44.
45. Other Net Gains.................................................................................................................................................. 45.
46. Net Gains (Add lines 43, 44, and 45) (Enter here and on line 9) (If loss, enter zero)......................................... 46.

Schedule B Beneficiaries’ Shares of Income Enclose New Jersey Schedule NJK-1
Distributions
Name and Address of Each Indicate Column D
Beneficiary Residency Social Security Number Column A Column B Column C Pass-Through
Status Total Income NJ Source Income Tax Paid by Business Alternative
Partnerships Income Tax Credit
47.

48. Total (Enter amount from line 48A on line 15)
(Enter amount from line 48B on Schedule E, line 10)
(Enter amount from line 48C on line 35b)
(Enter amount from line 48D on line 36b) 48A. 48B. 48C. 48D.

Schedule C Credit For Income or Wage Taxes A copy of other state or political subdivision tax
Paid To Other Jurisdiction return must be retained with your records.
49. Income properly taxed by both New Jersey and other jurisdiction during tax year.
See instructions. (Indicate jurisdiction name ) ...........................................
(Do not combine the same income taxed by more than one jurisdiction.) Amount on line 49 cannot
exceed amount on line 50. 49.
50. Income Subject to Tax by New Jersey. (From line 16) ............................................................................ 50.
51. Maximum Allowable Credit (49) x =
(Divide line 49 by line 50) (50) (New Jersey Tax from line 27) 51.
52. Income tax paid to other jurisdiction ........................................................................................................ 52.
53. Credit Allowed. (Enter lesser of line 51 or line 52 here and on line 28) ................................................... 53.

Schedule D Allocation of Business Income See instructions if other than Formula Basis of allocation is used.
to New Jersey Enclose Form NJ-NR-A with Form NJ-1041.
Business Allocation Percentage (From Form NJ-NR-A)
Enter below the line number and amount of each item of business income reported on Form NJ-1041 that is required to be allocated and multiply by
allocation percentage to determine amount of income from New Jersey sources.

From Line No. $ x % = $
From Line No. $ x % = $

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Schedule E 2022
(Form NJ-1041)

New Jersey Gross Income Tax
New Jersey Income of Nonresident Estates and Trusts

All nonresident estates and trusts must complete this schedule and file it with
the New Jersey Income Tax Fiduciary Return (Form NJ-1041)

Enter name, address, and federal employer identification number as shown on Form NJ-1041
Name of Estate or Trust Federal Employer
Identification Number

Name and Title of Fiduciary

Address of Fiduciary (Number and Street or Rural Route) For the Tax Year Ended
(Month, Day, Year)

City, Town, Post Office State ZIP Code

Income From Net losses in one category cannot be applied against
New Jersey income in another. In case of a net loss in any New Jersey
Sources: category, enter “zero” for that category. Income
1. Interest ............................................................................................................................................. 1.
2. Dividends ......................................................................................................................................... 2.
3. Net profits from business ................................................................................................................. 3.
4. Net gains or income from disposition of property ............................................................................. 4.
5. Net gains or income from rents, royalties, patents, and copyrights ................................................. 5.
6. Distributive share of partnership income .......................................................................................... 6.
7. Net pro rata share of S corporation income ..................................................................................... 7.
8. Other Income – State Nature .......... 8.
9. Total Income From New Jersey Sources (Add lines 1 through 8) ................................................ 9.
10. New Jersey source income distributed to beneficiaries (From Schedule B, line 48B) ..................... 10.
11. New Jersey income (Subtract line 10 from line 9) Enter here and on line 16a ................................ 11.

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

Schedule NJ-BUS-1 New Jersey Gross Income Tax
(Form NJ-1041) Business Income Summary Schedule 2022
Part I Net Profits From Business List the net profit (loss) from business(es). See Instructions.
Social Security Number/
Business Name Profit or (Loss)
Federal EIN
1.
2.
3.
4. Net Profit or (Loss). (Add lines 1, 2, and 3.) (Enter here and on
line 8, NJ-1041. If loss, enter zero on line 8.) 4.

List the net gains or net income, less net loss, derived from or in the
Net Gains or Income
form of rents, royalties, patents, and copyrights. See instructions.
Part II From Rents, Royalties, Type of Property:
Patents, and Copyrights 1–Rental real estate 2–Royalties 3–Patents 4–Copyrights
Type – Enter
Source of Income or Loss. If rental real estate, Social Security Number/ Income or (Loss)
number from
enter physical address of property. Federal EIN
list above
1.
2.
3.
4. Net Income or (Loss). (Add lines 1, 2, and 3.)
(Enter here and on line 10, NJ-1041. If loss, enter zero on line 10.) 4.
List the distributive share of income (loss)
Part III Distributive Share of Partnership Income from partnership(s). See instructions.
Partnership Name Federal EIN Share of Partnership Share of tax paid Share of Pass-
Income or (Loss) on your behalf by Through Business
Partnerships Alternative Income Tax
1.
2.
3.
4. Distributive Share of Partnership Income or (Loss).
(Add lines 1, 2, and 3.) (Enter here and on line 11, NJ-1041.
If loss, enter zero on line 11.)
5. Total Share of tax paid on your behalf by Partnerships (Add
lines 1, 2, and 3.) Enter total here and include on line 35a.
6. Total Share of Pass-Through Business Alternative Income Tax
(Add lines 1, 2, and 3.) (Enter here and include on line 36a,
NJ-1041.)
List the pro rata share of income (usable
Part IV Net Pro Rata Share of S Corporation Income loss) from S corporation(s). See instructions.
Pro Rata Share of S Corporation Share of Pass-Through Business
S Corporation Name Federal EIN Income or (Usable Loss) Alternative Income Tax
1.
2.
3.
4. Net Pro Rata Share of S Corporation Income or (Usable Loss).
(Add lines 1, 2, and 3.) (Enter here and on line 12, NJ-1041.
If loss, make no entry on line 12.) 4.
5. Total Share of Pass-Through Business Alternative Income Tax
(Add lines 1, 2, and 3.) (Enter here and include on line 36a, NJ-1041) 5.
Keep a copy of this schedule for your records

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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

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NJ-NR-A New Jersey Gross Income Tax
(6-22)
Business Allocation Schedule
Use this schedule if business activities are carried on both inside and outside New Jersey or
if business activities are carried on 100% outside New Jersey.
This form must be enclosed and filed with your New Jersey Income Tax return.
Enter name, address, and Social Security/federal employer identification number as shown on Form NJ-1040NR, Form NJ-1041, Form NJ-1065, or Form PTE-100.
Legal name of taxpayer Social Security Number/Federal EIN

Trade name of business if different from legal name above For the Tax Year Ending
(Month, Day, Year)
Address (number and street or rural route)

City or Post Office State ZIP Code

Section 1 – Business Locations
List all places both inside and outside New Jersey where business is carried on.
(d) Check One
(a) Street Address (b) City and State (c) Description of Business Location
Rent Own
1.
2.
3.
4.

Section 2 – Average Values
Average Values
Assets (See Instructions) Column A Column B
Everywhere New Jersey
1. Real Property Owned 1. 1.
2. Real and Tangible Property Rented 2. 2.
3. Tangible Personal Property Owned 3. 3.
4. Totals (Add lines 1–3 in each column) 4. 4.

Section 3 – Business Allocation Percentage
Average Values of Property:
1a. In New Jersey (From Section 2, column B, line 4) .............................................................. 1a.
1b. Everywhere (From Section 2, column A, line 4) .................................................................. 1b.
1c. Percentage in New Jersey (Divide line 1a by line 1b) ......................................................... 1c. %
Total Receipts From All Sales, Services, and Other Business Transactions:
2a. In New Jersey ...................................................................................................................... 2a.
2b. Everywhere.......................................................................................................................... 2b.
2c. Percentage in New Jersey (Divide line 2a by line 2b) ......................................................... 2c. %
Wages, Salaries, and Other Personal Compensation Paid During the Year:
3a. In New Jersey ...................................................................................................................... 3a.
3b. Everywhere.......................................................................................................................... 3b.
3c. Percentage in New Jersey (Divide line 3a by 3b) ................................................................ 3c. %
4. Sum of New Jersey Percentages (Add lines 1c, 2c, and 3c)............................................... 4. %
5. Business Allocation Percentage. (Divide the total on line 4 by 3; if less than 3 fractions,
see instructions) .................................................................................................................. 5. %

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Schedule NJK-1                                              New Jersey
 (Form NJ-1041)                                             Division of Taxation                                                                    2022
                                       Beneficiary’s or Grantor’s Share of Income
     For Calendar Year 2022 or Fiscal Year Beginning                                                     ,  2022 and Ending               , 20
Part I                 General Information
Beneficiary or Grantor Information                                                                 Estate or Trust Information

Federal Identification Number                                                                      Federal Identification Number

Name                                                                                               Name of Estate or Trust

Street Address                                                                                     Name of Fiduciary

                                                                                                   Street Address

City                          State       ZIP Code                                                 City                         State    ZIP Code

Check Applicable Box                                                                               Check Applicable Box
                              Resident Nonresident                                                                              Resident Nonresident
 Individual                          
 Trust                                                                                              Estate                             
 Tax-Exempt Entity                                                                                  Trust                              
 Grantor                                                                                            Grantor Trust                      

           Final NJK-1            Member of Composite Return
           Amended NJK-1
Part II        Beneficiary’s Share of Income
                                       Total Distribution   New Jersey Source                                             Tax Paid by    Pass-Through Business 
                                                            Income Distributed                                         Partnerships and  Alternative Income Tax 
                                                                                                                          Distributed    Credit Distributed

 Net Income From Estate or Trust

Part III       Grantor’s Share of Income
                                                                                                        Everywhere Income                NJ Source Income

Interest             NJ Exempt                             ..............

Dividends            NJ Exempt                             ..............

Net profits or loss from business .................................................................

Net gains, income or loss from disposition of property ................................

Net gains, income or loss from rents, royalties, patents, and copyrights ....

Distributive share of partnership income or loss..........................................

Net pro rata share of S corporation income or loss .....................................

Other Income – state nature                         .........................

Tax paid by partnership(s) on behalf of trust ...............................................

Pass-Through Business Alternative Income Tax Credit ...............................

                                                   This Form May Be Reproduced

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Beneficiary and Grantor Reporting of Income

For Gross Income Tax reporting purposes, the net income earned by an estate or trust does not retain its char-
acter, i.e., interest, partnership income; rather it is a specified income category, Net Gains or Income Derived
Through Estates or Trusts.

The net income from an estate or trust actually distributed or required to be distributed during the tax year is
taxable to the beneficiary in the income category, “Net Income From Estates and Trusts.” In completing New
Jersey Form NJ-1040, NJ-1040NR, or NJ-1041, the income is included on the line “Other Income.”

Beneficiary Reporting of NJK-1 Information
Resident Individual, Estate, or Trust. Include the Total Distribution on Form NJ-1040 or Form NJ-1041,
Other Income. Include the Pass-Through Business Alternative Income Tax Credit Distributed on Form NJ-1040,
line 63, or Form NJ-1041, line 36a.

Nonresident Individual. Include the Total Distribution on Form NJ-1040NR in column A, Other Income. In-
clude the New Jersey Source Income Distributed in column B, Other Income. Include the Tax Paid by Partner-
ships and Distributed on Form NJ-1040NR, line 52. Include the Pass-Through Business Alternative Income Tax
Credit Distributed on Form NJ-1040NR, line 56.

Nonresident Estate or Trust. Include the Total Distribution on Form NJ-1041, Other Income. Include the New
Jersey Source Income Distributed on Schedule E, Other Income. Include the Tax Paid by Partnerships and
Distributed on Form NJ-1041, line 35a. Include the Pass-Through Business Alternative Income Tax Credit Dis-
tributed on Form NJ-1041, line 36a.

Grantor Reporting of NJK-1 Information
Resident Grantor. Include the Everywhere Income amounts in each category of income on Form NJ-1040.
Include the Pass-Through Business Alternative Income Tax Credit Distributed on Form NJ-1040, line 63.

Nonresident Grantor. Include the Everywhere Income amounts in each category of income on Form
NJ-1040NR, column A. Include the New Jersey Source Income amounts in each category of income in col-
umn B. Include Tax Paid by Partnerships on Behalf of Trust on Form NJ-1040NR, line 52. Include the Pass-
Through Business Alternative Income Tax Credit Distributed on Form NJ-1040NR, line 56.

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