2018 UltraTax CS
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New Jersey Code Section §54:10A-4(k)(14) relates only to corporate taxation. Therefore, entire net income for both C Corporations and S Corporations must be modified to include such adjustments. Since Schedule K is to be modified for adjustments which relate to individual taxation, there is no adjustment for federal Section 108(i) reflected on Schedule K or NJ-K-1.
Related topic: 1120 New Jersey frequently asked questions
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