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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

W-2 income for a statutory employee reported on Schedule C is treated as wages for New Jersey purposes. If the client qualifies under New Jersey law as a self-employed individual or an independent contractor, reduce the New Jersey wages shown in Screen NJW2 by the wages included in the Gross income field in this input screen by using codes 22 and 23 in the federal Screen W2 Box 14. Enter X in this field to include the information in the Net profits from business field on Form NJ-1040, Page 2 and Form NJ-1040NR, Page 2.

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