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Old 04-08-2010, 11:02 AM
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Join Date: Mar 2010
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K1- Box 11

I get paid on a K1. My income on the K1 get reported in box 11, which is the box for "other income." My question is: since my income is NOT reported in box 1, which is the box for "ordinary income", is that income taxable on the state level? Namely, is it taxable in the state of New Jersey?

I would really appreciate your response to my question. Thanks



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Old 10-30-2010, 02:07 PM
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Join Date: Oct 2010
Posts: 5,258
" . . . which is the box for "ordinary income", is that income taxable on the state level?"---> The amount of the income on box 11 on Sch K1 is reported on line 29(b) and 31 on Sch E of 1040 for Federal tax return purposes as part of your AGI and the income is also reported either on the line 20 on NJ State tax return FORM 1040.



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