Form It-Nr - Inheritance Tax Return Non-Resident Decedent - New Jersey Division Of Taxation Page 11
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41WORKSHEET 2
METHOD 2
RATIO TAX USING NET ESTATE
Decedent's Name
Decedent's SS NO
For use when no amount of the New Jersey taxable property is specifically devised or jointly owned (joint
tenants with the right of survivorship), or transferred to one or more individuals within three (3) years of the
decedent's death, or to take effect at or after the decedent's date of death. If the New Jersey taxable
property or any amount thereof is specifically devised or jointly owned (joint tenants with the right of
survivorship), or transferred as indicated above, that amount is not subject to the ratio tax but rather is
taxed directly to the devisee(s) or surviving joint tenant(s) at the resident tax rates. If any of these situations
apply see instructions for Method 4 or optional Method 1.
TAX COMPUTATION WORKSHEET
1. Gross value of New Jersey real estate and tangible personal property…………
1
[From Schedule "A" and/or "B(1)"]
2. Total gross estate wherever situate (IT-NR, page 1, Line 5)……………………..
2
3. Gross to gross ratio (Line 1 divided by Line 2)……………………………………..
3
4. Total of administration expense, counsel fees and commissions…………………
(From subtotal line in Schedule "C")
4
5. Deduction from gross value New Jersey taxable property………………………..
(Line 4 multiplied by Line 3)
5
6. Net New Jersey taxable property (Line 1 minus Line 5)...…….…………………..
6
7. Net estate wherever situate (IT-NR, page 1, Line 7)……………….….…………..
7
8. Ratio (Line 6 divided by Line 7) (not to exceed 100%)…………………………….
8
9. New Jersey resident tax on amount reported on Line 7
(See page 2 of the instructions for classes of beneficiaries and tax rates)……..
9
10. New Jersey nonresident ratio tax (Line 8 multiplied by Line 9)……………………
10
(Insert this number on IT-NR page 1, line 11)
NOTE
In the event that any amount of the estate is contingent, the ratio calculated on Line 8 above should
be applied to the resident compromise tax to compute the nonresident compromise tax due.
All decimals are to be rounded to four places.
Page 9
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