Form It-Nr - Inheritance Tax Return Non-Resident Decedent - New Jersey Division Of Taxation Page 12

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WORKSHEET 3
METHOD 3
RATIO TAX USING GROSS 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 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 the 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. Value of gross estate both in and outside of New Jersey ……………….
2
(From IT-NR, Page 1, Line 5)
3. Gross to gross ratio (Line 1 divided by Line 2) ……………………………
3
4. New Jersey resident tax on amount reported on Line 2 above…………..
(See page 2 of the instructions for classes of beneficiaries and tax rates.)
4
5. Ratio tax (Line 3 multiplied by Line 4) ………………………………………
5
(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 3 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 10

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