Schedule O - Computation Of Nonoperational Activity Elimination Page 2
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1
2
3Schedule O - Part II
Nonoperational Asset Declaration and/or Reclassification
(7-06, R-5)
1. Prior years’ net nonoperational assets acquired
1.
2. Current year’s nonoperational assets acquired
N.J. Nexus
Description
Date Acquired
Federal Basis
Yes
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Total Current Year Acquisitions
2.
3. Current year’s disposition of CURRENT years’ purchases
3.
4. Net current year’s acquisitions (Line 2 less Line 3)
4.
5. Current year’s disposition of PRIOR years purchases
5.
6. TOTAL NONOPERATIONAL ASSETS - (Line 1 plus Line 4 minus Line 5)
6.
(1) Have you made a claim to any other taxing jurisdiction with respect to currently held assets (whether or not
included above) that nonoperational, nonunitary, or nonbusiness income was derived therefrom? . . . . . . . . . . . . .
Yes
No
If yes, identify by asset the income, states, and years involved.
a ___________________________________________________________________________________________________________
b ___________________________________________________________________________________________________________
c ___________________________________________________________________________________________________________
(2) Are there or were there liabilities or expenses related to the nonoperational assets declared above? . . . . . . . . . .
Yes
No
If yes, specify by asset the expenses and liabilities below for all years since acquisition.
a ___________________________________________________________________________________________________________
b ___________________________________________________________________________________________________________
c ___________________________________________________________________________________________________________
(3) Have assets considered operating in nature in prior periods been reclassified during this reporting period
as nonoperating? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
If yes, on a separate rider identify all expenses, by year, previously deducted in prior years. The aggregate
total of all years expenses must be recaptured and included in Entire Net Income in this reporting period.
(Schedule O - Part I, Line 35).
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