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Starting in tax year 2016, New Jersey has changed their schema to allow for 100% profit/loss/ownership percentage.

For tax year 2015, New Jersey DOR does not allow partner percentage over 99.99999999. If you enter 100% on federal Screen K1Misc in the Partner Info, Basis folder, you will receive a rejection referencing the NJ1065K1 Partners Share stating either '100.00000000' is not valid and/or '100.00000000' is greater than the maximum value allowed ('99.99999999').

To resolve this, go to federal Screen K1Misc in the Partner Info, Basis folder and modify the partner percentage referenced in the rejection. The percentage must be less than or equal to 99.99999999.

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