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New Jersey Free Printable 2023 NJ-1065 Schedule L for 2024 New Jersey Complete Liquidation

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Complete Liquidation
2023 NJ-1065 Schedule L

NJ-1065 – 2023 Schedule L Partnership name as shown on Form NJ-1065 Schedule L Federal EIN Complete Liquidation (Complete this schedule before completing Form NJ-1065) Column A Part I – Partnership Income Amounts Reported by This Partnership on Federal Schedule K 1. Ordinary income (loss) from trade or 1. 2. Net income (loss) from rental real 2. 3. Net income (loss) from other rental 3. 4. Guaranteed payments to partners 4. 5. Interest Income 5. 6. Dividend Income 6. 7. Royalty Income 7. 8. Net gain (loss) from disposition of 8. 9. Net IRC Section 1231 gain (loss) 9. business activities estate activities activities property 10. Other income (loss) 11. Tax-exempt interest income Column B Gain/Loss From Disposition of Assets as a Result of a Complete Liquidation Column C Net Addition or Subtraction as a Result of a Complete Liquidation Column D Net Gain/Loss From Disposition of Assets (B plus C) Column E Net Gain/Loss From Disposition of Assets From NJ Sources Column F Partnership Income Not From Disposition of Assets (A minus B) 10. 11. 12. Add the amount(s) on lines 8, 9, and 10 in columns D and E and enter the result 1. Have the partnership and all its partners discontinued all business activities this year?...... Yes – As of what date: _____/_____/_____ No 2. Have all your assets been distributed to the partners this year?........................................... Yes – As of what date: _____/_____/_____ No 3. Are your partners required to recognize gain or loss on the disposition of their partnership interests for federal income tax purposes this tax year?..................................... Yes No This schedule can only be completed if your partnership can answer yes to all three of the above questions. If you answered yes to all three questions, the applicable dates must be entered. Lines 1–11 Column A: Column B: Column C: Column D: Column E: Column F: Line 12 Follow the instructions for lines 1 through 11 of the NJ-1065. Enter the portion of the amounts reported in column A on lines 8, 9, and 10 that are applicable to the sale or disposition of its assets as a result of a complete liquidation. Do not include any amounts derived from other partnerships.. Enter any net addition or subtraction that pertains to the sale or disposition of its assets reported in column B on lines 8, 9, and 10 that are a result of a complete liquidation. Refer to the line 13b, “Other Additions,” and line 15e, “Other Subtractions,” instructions listed under the NJ-1065 line-by-line instructions. Enter the sum of the amounts reported in columns B and C on lines 8, 9, and 10. Enter the portion of the amounts reported in column D on lines 8, 9, and 10 that are sourced to New Jersey. The gain or loss from the sale of real and tangible assets located in New Jersey is sourced to New Jersey. The gain or loss from the sale of motor vehicle equipment is sourced to the state where the vehicle is registered, unless used predominantly in one state. The gain or loss from the sale of intangibles is allocated using the average of the last three years’ business allocation used. For each line 1 through 11, subtract the amount reported in column B from the amount reported in column A. Enter the difference in column F of that line and on the corresponding line on the front of Form NJ-1065. Add the amount(s) on lines 8, 9, and 10 in columns D and E and enter the results on line 12, columns D and E. Carry the totals in columns D and E to line 24, columns A and B respectively, of Form NJ-1065.
Extracted from PDF file 2023-new-jersey-schedule-l.pdf, last modified November 2023

More about the New Jersey Schedule L Corporate Income Tax TY 2023

We last updated the Complete Liquidation in January 2024, so this is the latest version of Schedule L, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule L directly from TaxFormFinder. You can print other New Jersey tax forms here.


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Other New Jersey Corporate Income Tax Forms:

TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form CBT-160-A Underpayment of Estimated NJ Corporation Business Tax For Taxpayers with Gross Receipts less than $50,000,000
Form CBT-200-T Corporation Business Tax Tentative Return and Application
Form DCC-1 Document Control Center Request Form
Form NJ-1041 Fiduciary Return Form
Form A-3128 Claim for Refund of Estimated Gross Income Tax Payment.

Download all NJ tax forms View all 96 New Jersey Income Tax Forms


Form Sources:

New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Schedule L from the Division of Revenue in January 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New Jersey Schedule L

We have a total of ten past-year versions of Schedule L in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Schedule L

2023 NJ-1065 Schedule L

2022 Schedule L

2022 NJ-1065 Schedule L

2021 Schedule L

2021 NJ-1065 - Schedule L

2020 Schedule L

2020 NJ-1065 - Schedule L

2019 Schedule L

2019 NJ-1065 - Schedule L

2018 Schedule L

Schedule L NJ 1065 - 2018

2017 Schedule L

Schedule L NJ 1065

2016 Schedule L

Schedule L NJ1065

Complete Liquidation 2015 Schedule L

Schedule L (2014)_NJ1065 Form 2006.qxd

Complete Liquidation 2014 Schedule L

Schedule L (2014)_NJ1065 Form 2006.qxd


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