Form It-Nr - Inheritance Tax Return Non-Resident Decedent - New Jersey Division Of Taxation Page 39
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41WORKSHEET 5
COMBINATION DIRECT TAX AND RATIO TAX USING NET ESTATE WORKSHEET
Decedent's Name:
Decedent's SS NO
For use when there are two (2) or more New Jersey taxable assets and at least one of them 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 and the other New Jersey taxable assets
are held in the decedent's name alone or as tenants in common with another individual.
If the New Jersey taxable property or any amount thereof is specifically devised or jointly owned (joint tenants with 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.
SEE EXAMPLE 3 ON PAGE 15 FOR INFORMATION USED TO COMPLETE THIS WORKSHEET.
1. Direct tax on New Jersey taxable property specifically devised, jointly
owned, or transferred as indicated above. Use worksheet 4, page 19 to
compute the tax for this line…………………………………………………….…………
1
$25,500.00
2. Value of New Jersey taxable property not specifically devised, jointly
owned, or transferred as indicated above……………...…………..…………………….
2
$190,000.00
3. Value of gross estate both in and outside of New Jersey (not including the New
Jersey property specifically devised, jointly owned, or transferred as indicated
above) (IT-NR, Page 1, Line 5 less New Jersey property described herein from
Worksheet 4, Line 4)……………………………………………………………………
3
$410,000.00
4. Ratio (Line 2 divided by Line 3) ……………………………………………………….
4
0.4634
5. Total of administration expenses, counsel fees, and commissions
(from subtotal line in Schedule "C")…………………………………………..
5
$10,300.00
6. Amount of Line 5 to be deducted from New Jersey taxable property not
specifically devised, jointly owned, or transferred as indicated above.
(Line 4 multiplied by Line 5) …………….…………………………………………………
6
$4,773.00
7. Net New Jersey property subject to the ratio tax (Line 2 minus Line 6) ………………
7
$185,227.00
8. Net estate wherever situate (not including the New Jersey property specifically
devised, jointly owned, or transferred as indicated above) (IT-NR, Page 1, Line 7
less the New Jersey property described herein from Worksheet 4, Line 4)………
8
$385,600.00
9. Ratio (Line 7 divide by Line 8) (not to exceed 100%)……..……………………………..
9
0.4804
10. New Jersey resident tax on amount reported on Line 8 above
(See Page 2 of the instructions for classes of beneficiaries and tax rates) …
10
$57,840.00
11. New Jersey Non-Resident Ratio tax (Line 9 multiplied by Line 10)………………….
11
$27,786.00
12. Total New Jersey Non-Resident direct tax and ratio tax (Line 1 plus Line 11)
(Insert this amount on IT-NR page 1, Line 11)……………………………………..
12
$53,286.00
NOTE
In the event that any amount of the estate is contingent, the ratio calculated on Line 9 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 20
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