Form Nj-Nr-A - Business Allocation Schedule - New Jersey Gross Income Tax Page 2
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3BUSINESS ALLOCATION SCHEDULE (FORM NJ-NR-A)
the period covered by the return. Include property
General Instructions
located both inside and outside New Jersey.
If business activities are carried on both inside and
outside New Jersey, business income may be
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B
allocated to determine the amount of income from
OLUMN
Enter on Line 2, Column B, the average value of
New Jersey sources.
property, both real and tangible, that was rented in
the State. Include only property located in New
Be sure that Form NJ‑NR‑A is enclosed with
Jersey.
Form NJ‑1040NR, NJ‑1041, or NJ‑1065, and that
the name and address on the Business Allocation
Line 3 - Tangible Personal Property Owned
Schedule agree exactly with the name and address
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A
OLUMN
on the return with which it is enclosed.
Enter on Line 3, Column A, the average value of the
tangible personal property that was owned and used
Section 1 - Business Locations
in the business for the period covered by the return.
Use Section 1 to list the locations where the business
Include property located both inside and outside New
activities are conducted. In Columns (a) and (b) list
Jersey.
the exact locations at which the business carries on
activities both inside and outside the State. List all
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B
OLUMN
business locations. In Column (c) describe the places
Enter on Line 3, Column B, the average value of the
listed in Columns (a) and (b) (i.e., branch office,
tangible personal property that was owned and used
agency, factory, warehouse, etc.). In Column (d)
in the business in the State. Include only property
indicate whether the business rents or owns each
located in New Jersey.
location listed. Enclose additional sheets if necessary.
Line 4 - Totals
Section 2 - Average Values
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A
OLUMN
Use Section 2 to determine the average values of
Add Lines 1–3 of Column A and enter the total on
your business assets. The average value of property
Line 4, Column A.
owned is determined by adding (1) the book value of
the property at the beginning of the taxable year and
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B
OLUMN
(2) the book value of the property at the end of the
Add Lines 1–3 of Column B and enter the total on
taxable year and dividing the sum by two.
Line 4, Column B.
The average value of property rented or leased is
Section 3 - Business Allocation
valued at eight times the annual rent. Rent includes
Percentage
any amounts paid in addition to, or accrued in lieu of,
Use Section 3 to determine the business allocation
rent for the period covered by the return (such as
percentage that must be applied to business income.
interest, taxes, insurance, and repairs).
The Business Allocation Percent-age must be applied
to business income from all sources in order to
Line 1 - Real Property Owned
determine the amount from New Jersey sources.
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A
OLUMN
Enter on Line 1, Column A, the average value of the
Line 1 - Average Values of Property
real property listed in Section 1 that was owned for
the period covered by the return. Include property
Line 1a - In New Jersey
located both inside and outside New Jersey.
Enter on Line 1a the average values of the business
property in New Jersey from Line 4, Column B,
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B
OLUMN
Section 2.
Enter on Line 1, Column B, the average value of the
real property listed in Section 1 that was owned in the
Line 1b - Everywhere
State. Include only property located in New Jersey.
Enter on Line 1b the average values of the business
property from everywhere (both inside and outside
Line 2 - Real and Tangible Property Rented
New Jersey) from Line 4, Column A, Section 2.
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A
OLUMN
Enter on Line 2, Column A, the average value of
property, both real and tangible, that was rented for
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