NJ PTR Tool

Enter values into appropriate boxes on left side of screen; application will automatically calculate amounts to transfer to right side (right is a copy of PTR Income Categories page from PTR application booklet)
Two types of help available for this tool:
- General Instructions – top left of screen
- Instructions for each box (these will show if the Auto-Help checkbox (below) is checked)
The heading on each section on left tells you where to obtain the necessary info. Far left column tells you specific line numbers to reference
Always consult with taxpayer if unsure about specific info on tax return
If a Source document is not available in the Print package, then you may enter zero in that box
Column next to box where you enter data tells you line to which data will be transferred
Once you have entered a number in a box, hit enter or tab key to register the value
If you enter a value in certain boxes, the tool may add additional lines to request more information (e.g. – you enter Other Income, tool will then ask for a breakdown of Other Income, such as gambling winnings, recoveries, etc.)
If you are completing a PTR-1 application, choose the year you are working on at top left of screen
Once you have entered all required info, you can print a copy of the screen and manually copy the numbers to the actual PTR application page
You can change font size by clicking on Font buttons on top right of screen

Year: Auto-Help

Fill in values here, and ...

?TYC? Federal 1040
?JustC_IntTaxable?	Taxable interest	f	?LineC_IntTaxable?	Enter Taxable interest (Line ?JustC_IntTaxable?)
?JustC_IntExempt?	Tax-exempt interest	f	?LineC_IntExempt?	Enter Tax-exempt interest (Line ?JustC_IntExempt?)
?JustC_Dividends?	Ordinary dividends	g	?LineC_Dividends?	Enter ordinary dividends (Line ?JustC_Dividends?) only; ignore qualified dividends (Line ?JustC_DivQualified?)
?JustC_SchC?	Business income or (loss)	j	?LineC_SchC?	Enter business income (Sch C)
?JustC_SchEAll?	Rental real estate, royalties, partnerships, …	+	?LineC_SchEAll?	If you enter an amount from Line ?JustC_SchEAll?, the tool will add lines requesting breakdown amounts for: Rental Income Royalties Partnerships (OUT OF SCOPE) S Corporations (OUT OF SCOPE) VITA/TCE only deals with rents & royalties. Look at the detail on the printed Sch E to obtain the breakdown between rents & royalties
	Portion of Line ?JustC_SchEAll? from Rental Income	i	Federal Sch E	Enter any amounts from Sch E which are rents
	Portion of Line ?JustC_SchEAll? from Royalties	o	Federal Sch E	Enter any amounts from Sch E which are royalties
	Portion of Line ?JustC_SchEAll? from Partnerships	k	OUT OF SCOPE	Enter Partnership income
	Portion of Line ?JustC_SchEAll? from S Corporations	l	OUT OF SCOPE	Enter S Corporation income
?JustC_UnEmploy?	Unemployment compensation	d	?LineC_UnEmploy?	Includes both unemployment compensation and family leave benefits from 1099-G Line 1
?JustC_SocSecFull?	Social Security Benefits (do not use Line ?JustC_SocSecTaxed?)	a	?LineC_SocSecFull?	Enter the full amount of Social Security from Line ?JustC_SocSecFull?, NOT the taxable amount from Line ?JustC_SocSecTaxed?
?JustC_OthIncAll?	Other Income	+	?LineC_OthIncAll?	If you enter an amount for Other Income, the tool will add lines requesting the different amounts that are included in Other Income. There may be a Supporting Statements for Other Income page included in the print package. Detail lines: Gambling Winnings. If entered, the tool will then ask for offsetting losses. It will transfer the net winnings to Line p on the right side (but not if < 0) Recoveries. Enter any PTR or Homestead Benefit amounts included on Line ?JustC_OthIncAll?. Tool will exclude recovery amounts, since they are not included as income for PTR purposes Remainder. Tool will calculate the remainder of Other Income (after gambling winnings and recoveries) and then transfer the remainder to Line r
	Portion of Line ?JustC_OthIncAll? from Gambling Winnings	p	See W-2G Income Forms Summary	Enter gross gambling winnings; No special treatment for NJ Lottery
	Gambling Losses	p	Fed Sch A or the NJ Checklist may have gambling losses; otherwise, get from TP	Enter gambling losses (as a positive number). Tool will calculate net gambling winnings
	Net Gambling Winnings	p	calculated
	Portion of Line ?JustC_OthIncAll? from Recoveries		Line ?JustC_OthIncAll?: Other Income Worksheet (aka 1040 Wkt7)	Enter any PTR or Homestead Benefit amounts which were included on Line ?JustC_OthIncAll?
	Remainder of Line ?JustC_OthIncAll? not from above	q	calculated
?JustC_EarlyWithdrawalPenalty?	Penalty on early withdrawal of savings	f	?LineC_EarlyWithdrawalPenalty?	Enter Penalty on early withdrawal of savings (Line ?JustC_EarlyWithdrawalPenalty?)
?TYC? Federal Schedule 1
?TYC? NJ-1040
?JustC_CapGains?	Capital gain or (loss)	h	?LineC_CapGains?	Enter capital gain (Add any untaxed Capital Gains (unlikely). See also Schedule NJ-DOP.)
?JustC_Pensions?	NJ-1040 Line ?JustC_Pensions?: Pensions, Annuities, and IRA Withdrawals	b	NJ-1040, Line ?JustC_Pensions?	Starting point for this section is NJ 1040 Line ?JustC_Pensions? Pensions, Annuities, and IRA Withdrawals. Excluded on the NJ-1040 are amounts that are not taxable for NJ: Military pension Railroad Retirement Tier 2 Qualified Roth IRA distributions Rollovers Tax-free exchanges 1099-R disability amounts (Box 7 Code 3) for recipients under age 65 (1099-R disability amounts for recipients over 65 should be included in Line ?JustC_Pensions?) Use the 1099-R Income Forms Summary and the NJ Checklist to make sure you have a list of all items. You will probably need to look at the original 1099-R to get Box 7 codes and see whether the IRA box is checked.
	plus Military / RRB pensions not included in NJ Line ?JustC_Pensions?	b	1099-R Detail Report	Enter taxable amount from 1099-R for military pension(s) (Payer should be Defense Finance & Accounting Service for military pension) plus taxable amount from RRB-1099-R for Railroad Retirement Tier 2
	plus Disability pensions (1099-R Code 3) not included in NJ Line ?JustC_Pensions?	b	1099-R Detail Report	Enter taxable amount from any 1099-Rs for disability (Code 3) pensions not already included in Line ?JustC_Pensions? (usually 1099-R disability for recipients under 65)
	plus Qualified Roth IRA distributions	b	1099-R Detail Report	Enter portion of any non-rollover Roth distributions (1099-R Box 7, Code B, J, Q, or T) not taxed in NJ Note: Any amount being rolled-over does not need to be entered. Note: Qualified distributions are not taxed, so the whole amount should be entered here. (Code Q is always qualified; Other codes may or may not be qualified). Note: Non-Qualified distributions may be (partially) subject to tax and, therefore, included on Line ?JustC_Pensions? - enter only the non-taxed amount here. Note: If information is available from TP, then only include portion that would be taxable if treated as a regular IRA (as if you had completed NJ IRA Worksheet with all relevant information). If complete info is not available, enter total non-taxed amount.
	minus Regular IRA to Roth IRA conversions included in NJ Line ?JustC_Pensions?	b	1099-R Detail Report	Enter conversion amounts from any 1099-Rs that involve conversions from a regular IRA to a Roth IRA (If this type of conversion occurred, the print package should include a Form 8606 with Part II completed)
	= Amount for PTR Line b	b	calculated	Tool will add in amounts above from military pensions, disability pensions, & qualified Roth IRA distributions. It will subtract regular IRA to Roth conversions. The result will be transferred to Line b
?JustC_AlimonyRcvd?	Alimony received	m	?LineC_AlimonyRcvd?	Enter Alimony received (Does not include Child Support)
?TYC? W-2 Income Forms Summary
	Gross Wages column total (Sum of Box 1 from all W-2s)	c	W-2 Detail Report	Enter the total of the Gross Wages column on the W-2 Income Forms Summary. (Sum of Box 1 from all W-2s) You cannot use Line 7 from the federal 1040 because it may contain disability income from a 1099-R if the recipient is under minimum retirement age for his company You cannot use Line 14 from the NJ-1040 because it is calculated from Box 16 on the W-2s, not Box 1
?TYC? Other
	Bonuses, Commissions, Fees not included elsewhere	c	Ask TP	Rare - do NOT include amounts already included on W-2s
	Disability Benefits not included elsewhere (rare)	e	Ask TP	Rare - do NOT include Disability Pensions (1099-R Code 3) or Social Security Disability
	Inheritances, Bequests, and Death benefits	n	Ask TP	Do NOT include amounts inherited from spouse / Civil Union partner

NJ PTR v0.0

Today: 00-00-0000

... values will be calculated here [Copy into the PTR booklet.]

INCOME CATEGORIES		?TYC?
a.	Social Security Benefits (including Medicare Part B premiums) paid to or on behalf of applicant
b.	Pension and Retirement Benefits (including IRA and annuity income) See instructions for calculating amount
c.	Salaries Wages, Bonuses, Commissions, and Fees
d.	Unemployment Benefits
e.	Disability Benefits, whether public or private (including veterans’ and black lung benefits)
f.	Interest (taxable and exempt)
g.	Dividends
h.	Capital Gains
i.	Net Rental Income
j.	Net Profits From Business
k.	Net Distributive Share of Partnership Income
l.	Net Pro Rata Share of S Corporation Income
m.	Support Payments
n.	Inheritances, Bequests, and Death Benefits
o.	Royalties
p.	Gambling and Lottery Winnings (including New Jersey Lottery)
q.	All Other Income
	Add Lines a-q. Is the amount $?MaxPTROK?* or less?
	Amount for PTR

NJ PTR v0.0

Today: 00-00-0000