New Jersey – Form NJ-100S K-1- Shareholder’s Share of Income/Loss

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Article: 50483

Overview 

If you are a New Jersey resident in an S corporation that filed a New Jersey S Corporation Return (Form NJ-100S), you will receive a Schedule NJ-K-1 (Form NJ-100S). This form reports your share of the corporation’s income, losses, and other tax-related items that must be reported on your Form NJ-1040. 

Who Should Complete This Form? 

You must complete this section of your return if: 

  • You are a shareholder in a New Jersey S corporation, and 
  • You received a Schedule NJ-K-1 from the corporation, and 
  • The K-1 includes New Jersey-source income, losses, or adjustments that need to be reflected on your NJ-1040. 

Note: This is separate from the federal K-1 (Form 1120S) and contains state-specific information relevant to New Jersey taxation. 

How to Report 

  1. Navigate to the State Taxes section on the left-hand side of the screen. 
  1. Click the link: I’d like to see the forms I’ve filled out or search for a form. 
  1. In the dropdown menu, select New Jersey. 
  1. Click on the General tab. 
  1. Select 100S K1 – Shareholder’s Share of Income/Loss to open the screen. 
  1. Enter all required information.  
  1. Click Save once complete. 

Additional Resources 

For further guidance, see: 2024 New Jersey Form NJ-1040 Instructions (PDF) 

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