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February 17, 2022
Question

Why does my NJ return tell me I can't file electronically because of Pass-Through Business Alternative Income Tax Credit. I don't own a business

  • February 17, 2022
  • 16 replies
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16 replies

February 17, 2022

Same here

February 17, 2022

Thanks for posting this question...I have the same situation.   The only line item on my return that I found mentioning a "Pass-Through Business Alternative Income Tax Credit" is line 62 of NJ-1040 Pg2 and the dollar amount is blank.  Wondering if I'm missing something?     

 

February 17, 2022

Same issue, looks like intuit needs to do some more work

February 17, 2022

Did you receive a K1?

For taxable years beginning on or after January 1, 2020, pass-through entities may elect to pay a Pass-Through Business Alternative Income Tax due on the sum of each of the member’s share of distributive proceeds. The member(s) may then claim a tax credit for the amount of tax paid by the pass-through entity on their share of distributive proceeds.

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February 17, 2022

No K1s and is happening on my NJ return and my sons simple return

February 17, 2022

I am getting the same error and I just spent 40 minutes on the phone with Intuit Support. No resolution, but I opened a case with them. I have no K-1's and I don't own a business. Teh support person could not see why I would get this error either. I am guessing that there is a glitch in the system that needs to be addressed. Also interesting to note that this is the first day that NJ Sch DOP was made available in the system; I don't know if it is related, but I would bet it is.

February 17, 2022

I am having same issues.  I did not receive any K-1's and don't have any Pass-Through Business Alternative Income Tax Credit.  I agree that TT must have broken this part of the code when they updated for the NJ Sched DOP.  Hope they fix it soon - loosing LOTS of faith in TT this year.  So many glitches!!!

February 17, 2022

Same here! What's the work around or do we have to wait for another update?

 

Thanks!!

February 18, 2022

Same here! What's the work around or do we have to wait for another update?   I would like to get refund now rather than wait.    Shall I go ahead and file federal and wait for update?

February 17, 2022

Also having this exact same problem:

- W2 employee 

- Don't own an income-generating business

- Work from home 100% of the year

 

Can't understand why I'm getting this "Pass-Through Business Alternative Income Tax Credit". Can I opt out of the credit? I would rather file online. 

 

Does anyone know if this has anything to do with holding equity in a public company? That's the only significant change to my tax situation this year vs last year, and last year I did not need to mail my forms.

February 17, 2022

Replying to TConroy - If that is the case, anyone who owns stock would be unable to e-file in NJ. That seems unlikely to me.

February 17, 2022

I wish I would have seen this before spending the better part of my morning trying to figure out what was wrong. Please fix this issue so I can file. I dont want to paper file.

February 17, 2022

Following - I’m having the same issue as an NJ resident and I have no K1 form. I’m a W-2 earner.

February 18, 2022

Absolutely horrible customer service today for an error on there end. Wasted three hours of my time and told me if I wanted to speak to someone I needed to “pay” . Spoke with a CPA who said oh it’s probably an error with turbo tax. Will never use this software again

February 17, 2022

This is obviously a screw up by Turbo Tax.  Tried my daughters tax return who is at college and has an $11 refund also gets the same message and I am sure she does not have this credit.