Who this is for
- CFOs of hedge, private equity, real estate, and credit funds taxed as partnerships
- Funds with partners in several states or investments through lower-tier partnerships
Not covered here
- Detailed state nexus and apportionment calculations
- California withholding forms and group-return procedures
- Investor personal filing requirements
- PTET election procedures, city business taxes, and entity annual taxes
Which states does our fund file in?
A partnership fund checks three possible triggers: business activity, income sourced to a state, and that state's resident-partner filing rule. Filing a partnership return and paying tax for investors are separate questions.
| Trigger | What the fund checks | State example |
|---|---|---|
| Management or other business activity | Where the general partner acts for the fund | California treats a partnership as doing business there when a general partner does business there on its behalf. FTB instructions |
| Investment income sourced to a state | Property, operating businesses, and lower-tier partnership income | New York requires a partnership return for New York-source income, gain, loss, or deduction. Tax Law section 658 |
| Investor residence | Whether the state requires a fund return because of a resident partner | New York requires a partnership return for a resident individual, estate, or trust partner. New Jersey requires NJ-1065 for any type of resident partner. New York, New Jersey |
Organization or registration can also trigger filing. California LPs and LLPs registered there must file even without business activity or California-source income. LLCs taxed as partnerships generally use Form 568, with a Form 565 exception for certain nonregistered foreign LLCs. FTB instructions, General Information D
A partner that is a New York corporation or partnership does not, by itself, require the fund to file IT-204. IT-204 instructions
Gather the investor list, entity types, management locations, registrations, and investment structure before choosing returns. For nexus, income allocation, California Form 592 withholding, and the FTB 3864 group-return election, see business income tax in other states.
Is a trading fund's income taxable to nonresident investors?
For nonresident individuals, a qualifying fund's own-account securities income generally escapes New York, California, or New Jersey tax under that state's test. Dealers, corporate partners, and real estate or operating income can change the answer.
| State | Rule to test | Condition that changes the answer |
|---|---|---|
| New York | Section 631(d) protects a nonresident from being treated as conducting a New York business solely through own-account purchases and sales. | Dealers holding property for sale to customers are excluded; operating or real-property income needs a separate source analysis. Tax Law section 631 |
| California | Qualifying securities income of an investment partnership generally receives non-California source treatment for nonresidents. | A corporate partner's management participation or other California-source income can defeat protection; individuals have exceptions for interrelated California business activity. FTB instructions, General Information O |
| New Jersey | Hedge fund status requires the entity's only activity to be purchasing, holding, or selling intangible property that is not held for sale to customers. | The fund tests status annually. The NJK-1 hedge-fund designation protects nonresident individuals, estates, and trusts; do not extend it to corporations. NJ-1065 instructions |
| Illinois | An investment partnership is exempt from replacement tax, Illinois's entity-level tax on partnership income. | That entity-level exemption does not remove investment-partnership withholding on nonresident partners' shares of qualifying Illinois-source income from lower-tier partnerships, subject to specified partner exemptions. Illinois withholding regulation |
New York's portfolio investment partnership designation protects a foreign corporate limited partner from Article 9-A tax solely through that interest; individuals instead rely on section 631(d). Corporate partner rules The IT-204 designation requires a limited partnership meeting the IRC section 851(b)(2) gross-income test, including 90% qualifying income. Commodity conditions and dealer exclusions also apply. IT-204 instructions, Item A
California's two tests require at least 90% of total asset cost in qualifying securities, deposits, and necessary office property, and at least 90% of gross income from qualifying interest, dividends, and securities gains. A partnership interest qualifies only if the underlying partnership qualifies. FTB instructions, Question V
New Jersey's qualified investment partnership is a different category: more than 10 partners, no partner owning more than 50%, and at least 90% qualifying investment income; securities dealers are excluded. It can exempt the fund from nonresident partner tax. Do not substitute this test for hedge fund status. Investment status does not by itself remove New Jersey's per-owner filing fee. NJ-1065 instructions
Illinois requires at least 90% of assets in qualifying investments and at least 90% of income from them. Qualifying lower-tier partnership income can count. A qualifying fund with no income subject to investment-partnership withholding need not file IL-1065, unless it elects PTET. Illinois qualification and filing rules
When must the fund withhold or pay estimated tax for nonresident partners?
State-source income can require the fund to pay for nonresident partners. New York requires estimates, New Jersey charges partner tax in installments, and Illinois requires withholding, each subject to exemptions.
New York uses partnership estimated payments, even when investors call them nonresident withholding. The calculation uses the highest applicable statutory rate, reduced by the partner's share of qualifying credits. Tax Law section 658 The following rules apply to partnerships with New York-source income, excluding publicly traded partnerships covered by the statutory exception. IT-2658 instructions
| New York partner type | Fund payment form or treatment |
|---|---|
| Nonresident individual | IT-2658 with IT-2658-NYS; IT-2658-MTA for applicable mobility tax |
| C corporation | CT-2658 and any required CT-2658-ATT; check corporate exemptions separately |
| Resident individual; any partnership, S corporation, estate, or trust | No payment under these partnership estimated-tax provisions; this does not decide the partner's own tax duty |
Individual payment rules and corporate payment rules distinguish the partner types.
No fund estimate is required for an individual or C corporation partner whose calculated annual payment is $300 or less; for individuals, apply the floor per tax type. Corporate floor Authorized group-return participants are also excepted. A PTET credit does not eliminate applicable mobility-tax or corporate-partner estimates. IT-2658 instructions
| Installment | New York payment date |
|---|---|
| First | April 15 |
| Second | June 15 |
| Third | September 15 |
| Fourth | January 15 following the tax year |
New York applies these dates even for fiscal-year filers. Corporate partners have optional first and fourth payment dates of March 16, 2026 and December 15, 2026. Give each affected partner a statement within 30 days after payment, identifying the amount as estimated tax rather than withholding. IT-2658 instructions, CT-2658 instructions
New Jersey requires NJ-CBT-1065 and partner tax on covered nonresidents' New Jersey shares: 6.37% for individuals, estates, and trusts; 9% for corporations and other entity partners treated as corporate. Pay four 25% installments by the 15th day of the fourth, sixth, and ninth months of the privilege period and the first month after it closes. Qualified investment partnerships, qualifying investment clubs, and exchange-listed partnerships are exempt. Hedge fund status exempts covered noncorporate partners, but does not protect corporate partners. For partner exemptions such as IRS-approved retirement plans or a regular New Jersey business location, retain a signed NJ-1065E each return period. A composite return credits partner tax; it does not replace it. NJ-1065, NJ-CBT-1065, composite credits
In Illinois, a fund outside investment-partnership status pays replacement tax and, unless it elects PTE tax, withholds on covered nonresident partners' Illinois income unless an exemption such as IL-1000-E applies. Investment partnerships instead calculate nonresident withholding on qualifying Illinois-source income from lower-tier partnerships using Schedule K-1-P(4), report it through Schedule B and IL-1065, and show it on the partner's Schedule K-1-P. Form IL-1000-E does not remove investment-partnership withholding. Pay it by the 15th day of the fourth month after year-end; a filing extension does not extend payment. The instructions provide exceptions for tax-exempt partners and certain exempt retirement distributions. IL-1065 instructions Unlike ordinary pass-through withholding, this investment-partnership withholding generally does not give nonresident partners a credit; the regulation specifies exceptions. Illinois withholding regulation
Which investors can use New York Form IT-2658-E?
A nonresident individual can certify that the individual will comply with applicable New York estimated-tax and return requirements. Form IT-2658-E shifts responsibility for those payments; it does not make taxable income exempt.
The certificate can also be provided by an individual who, after considering personal circumstances, determines that no estimate or return is required. The fund keeps the signed certificate and does not send it to New York. IT-2658-E instructions
Keep each certificate with the partner's identity, the covered tax periods, and the calculation supporting any other exemption. The current certificate covers tax years 2026 and 2027 and expires February 1, 2028; renew it before expiry. A partner must notify the fund within 10 days after no longer expecting to meet its conditions. Certificate, instructions
A C corporation uses CT-2658-E instead: it certifies exemption from the specified New York corporate taxes or compliance with its own corporate estimates and returns. Keep that certificate too. CT-2658 instructions
What is a composite return, and who can join?
A composite or group return lets a fund report participating investors together under the state's rules. New York and New Jersey restrict the partnership group returns described here to qualifying nonresident individuals.
New York requires:
- At least 11 qualified electing partners with the same accounting period.
- Prior state approval through TR-99, submitted within 30 days after the initial tax year closes; partners elect by the 15th day of the fourth month after the tax year ends.
- Full-year nonresidents without a New York permanent abode. Other New York income, including a spouse's, can disqualify them. Exceptions permit certain other group income, with at most 10 group returns per spouse. Separate lump-sum-distribution tax can also disqualify either spouse. Trusts cannot join.
- Waiver of deductions, exemptions, credits, and specified loss carrybacks or carryovers.
New Jersey excludes estates, trusts, partnerships, corporations, fiscal-year filers, part-year residents, individuals who maintained a New Jersey permanent abode during the year, and partners with other New Jersey income outside permitted composite returns. Each participant signs NJ-1080E annually before the composite return is filed and no later than April 15 following the tax year; the fund retains the elections. New Jersey requires no prior permission to file. NJ-1080-C instructions
New York appoints a partner as group agent. The agent is personally liable for penalties on erroneous, false, or fraudulent returns the agent was responsible for making or signing. New Jersey's election binds the investor's heirs and representatives and consents to New Jersey jurisdiction. Retain elections and agent authority. New York, New Jersey
Composite, withholding, or individual returns: how do we choose?
A composite return saves eligible investors a state return, but uses the state's top rate with no deductions and most credits waived. Investors with lower income or credits may pay less on separate returns. Fund payments and a separate return can apply to the same investor. New York credits fund estimates as the investor's estimated payments; a valid certificate or approved group participation releases the fund from those estimates. IT-2658 instructions For investor filing duties, see state returns for fund investors.
| Decision | Composite or group return | Fund payment duties | Investor's separate return |
|---|---|---|---|
| Tax rate | Latest final forms use 10.90% for New York and 10.75% for New Jersey, regardless of investor income | New Jersey partner tax is credited against composite tax; other state payments use prescribed calculations | Individual calculation under the state's rules |
| Deductions and credits | New York participants waive specified benefits; New Jersey waives personal exemptions, deductions, and most credits, but permits BAIT credits | Track the payment separately from the investor's ultimate tax; Illinois investment-partnership credits have special limits | Review the investor's own eligibility |
| Consent | Confirm eligibility and required election or authority | Obtain an exemption certificate only where the state permits it | An IT-2658-E or approved New York group election releases the fund; a promise to file alone does not |
| Records | Elections, participant roster, group approval where required, payment allocations | Partner type, source calculation, exemption records, and payment statements | State K-1s and evidence of payments made for the investor |
The rates above come from the latest final New York group schedule and New Jersey composite instructions; confirm the filing-year forms before calculating tax.
New Jersey requires quarterly composite estimates on NJ-1040-ES after prior composite filing when expected tax exceeds $400. New York groups can pay estimates on IT-2105 and owe underpayment penalties. New Jersey, New York
Which state K-1s go to private equity and real estate investors?
A lower-tier partnership is one the fund invests in. Its income keeps its state source and character when passed to the fund's investors. New York's investor schedules depend on partner type:
- Individuals, estates, and trusts: IT-204-IP.
- Article 9-A corporations: IT-204-CP.
- Partnerships and LLCs taxed as partnerships: give both IT-204-IP and IT-204-CP to the investor; submit only IT-204-IP with the fund's IT-204.
Also file IT-204.1 with Article 9-A corporate partners or partners that are partnerships or LLCs. IT-204 instructions
New Jersey requires an NJK-1 for every partner and received lower-tier NJK-1s with the fund return. Illinois investment partnerships provide Schedule K-1-P to each partner, including applicable withholding. Other states use their own schedules. NJ-1065 instructions, IL-1065 instructions
Collect lower-tier state K-1s, source schedules, credits, and payment allocations. Apply the operating-business or property state's rules when preparing investor packages.
Does a fund ever elect PTET instead of composite tax?
PTET taxes the entity and gives eligible partners credits; composite tax reports participating individuals. New York's credit reduces nonresident income-tax estimates but requires an individual return; IT-203-GR cannot claim it. An authorized person of the fund, not its preparer, elects online annually between January 1 and March 15, shifted to the next business day for weekends or holidays. Under section 866(c), eligible partners owe their share of unpaid PTET; eligible general, managing, controlling, or responsible partners, owners of more than 50% of interests or profits, and the eligible partner who elects are jointly liable for the whole tax. New York PTET, liability statute, estimate rules New Jersey waives partner-tax remittance for a nonresident who reasonably expects a full refund from the BAIT credit. The annual online BAIT election is due by the 15th day of the third month after year-end, with all members' consent or an authorized officer, manager, or member's attestation. BAIT rules, election statute For election procedures, see pass-through entity tax elections.
We missed withholding or a composite filing: what now?
Identify required payments and returns for each state and partner first. New York holds the fund responsible for required partner estimates and fund penalties; partners can separately owe personal tax and underpayment penalties. IT-2658 instructions
New York tax and penalty debts generally expire 20 years from the first date a warrant could be filed. Article 22 debts expire sooner if no warrant is filed within six years of assessment; written agreements can extend collection. Tax Law section 174-b
New York imposes $50 per partner for each required estimated-payment failure, subject to reasonable cause. Underpayment penalties can apply too. A group return filed without prior approval is rejected and can expose participants to late penalties. Tax Law section 658, IT-203-GR instructions
| Fund information return | Original due date | Late or incomplete return cost |
|---|---|---|
| New York IT-204 | the 15th day of the third month after year-end | $50 per month or part-month, up to five months, counting individual, estate, and trust partners subject to Article 22 |
| California Form 565 | the 15th day of the third month after year-end | $18 per partner per month or part-month, up to 12 months |
NJ-1065 and NJ-CBT-1065 are due the 15th day of the fourth month after year-end; short periods follow the federal Form 1065 deadline. IL-1065 is due the 15th day of the fourth month after year-end. Calendar-year IT-203-GR is due April 15 following the tax year; NJ-1080-C is due April 15 following the tax year and accepts no fiscal-year returns. Weekend and holiday dates shift to the next business day. Filing extensions do not extend payment. New York and California late-return penalties use the applicable extended filing deadline. New York partnerships consisting entirely of nonresident noncitizens follow their federal return deadline. New Jersey, Illinois, New York group, New Jersey composite, New York filing statute
These are fund-return penalties, separate from unpaid tax. Reasonable-cause relief may apply. New York Tax Law section 685, California instructions
- Gather missing-period K-1s, elections, certificates, payment records, and notices.
- Determine which returns were required and whether group filing was authorized.
- Resolve required payments and overdue original fund returns first; use state amendment procedures for filed returns. New York uses IT-2658 or CT-2658 for partner estimates and IT-204 for the fund information return. Give investors corrected schedules and payment statements for their original or amended returns. IT-2658 instructions, IT-204 amendment instructions
- Document any grounds for penalty relief separately from paying or reporting the tax.
For relief rules, see late filing and payment penalties; for missed periods across several states, use hedge fund tax and accounting with the records above.
Example
Assume a New York-managed trading LP has 30 individual investors: six New York residents and 24 nonresidents. All amounts are illustrative US dollars. The fund earns $900,000 from own-account securities trading, with no dealer activity, property income, or operating-partnership income.
The six resident partners trigger IT-204 filing. With no New York-source income, complete IT-204 except Section 10, attach the required statement, and submit IT-204-IP only for the six residents. Under the stated assumptions, section 631(d) prevents the trading activity alone from creating a New York business for the 24 nonresidents. No New York estimates or group return are required for those trading gains. IT-204 instructions, Tax Law section 631
If the LP also receives $120,000 of New York operating income through a lower-tier partnership, that income retains its source. Assume equal interests, no allocated deductions or credits, and no valid exemption certificates or group elections. Each nonresident has $120,000 ÷ 30 = $4,000 of New York-source income. The IT-2658 worksheet gives $4,000 × 10.9% = $436, above the $300 floor. Four equal installments are $109 each, entered in IT-2658-NYS column D, on April 15, June 15, September 15, and January 15 following the tax year. The fund pays $2,616 each quarter for all 24 nonresidents, or $10,464 annually. A valid IT-2658-E or approved group election changes the fund's payment duty. IT-2658 worksheet, IT-2658-NYS
Different for you?
- Investors need to know whether they still file: see state returns for fund investors.
- Management or the GP operates in New York City: see New York City unincorporated business tax.
- The fund is a Delaware LP or LLC: check Delaware annual taxes.
- The fund has a California LP or LLC: check California minimum tax and LLC fees.
- The fund is launching: see the first tax year for a new hedge fund.
- You want one firm for the state filings: our hedge fund tax and accounting covers fund returns, K-1s, nonresident payments, composite returns, and investor returns. Gather investor residence and entity types, management locations, IT-2658-E forms, lower-tier K-1s, elections, and payment records.
Figures on this page
| Figure | Value | Source |
|---|---|---|
| New York partner estimate first installment due Calendar and fiscal filers; next business day if a weekend or legal holiday. | April 15 Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York portfolio investment partnership qualifying gross-income share Limited partnership gross-income test under IRC section 851(b)(2), with the commodity conditions and dealer exclusions in IT-204 Item A. | 90% | New York: Instructions for Form IT-204 Checked |
| California investment partnership qualifying asset-cost share Minimum share of total asset cost in qualifying investment securities, deposits, and reasonably necessary office equipment and space. | 90% | California FTB: Form 565 booklet Checked |
| California investment partnership qualifying gross-income share Minimum gross-income share from interest, dividends, and gains on qualifying investment securities. | 90% | California FTB: Form 565 booklet Checked |
| New Jersey qualified investment partnership maximum partner interest No partner may own more than this share; more than 10 members or partners and the qualifying-income test are also required. | 50% | New Jersey: NJ-1065 instructions Checked |
| New Jersey qualified investment partnership qualifying gross-income share Minimum qualifying investment-income share; dealer exclusion and ownership tests also apply. | 90% | New Jersey: NJ-1065 instructions Checked |
| Illinois investment partnership qualifying asset share Minimum asset share in stocks, bonds, options, and similar qualifying intangible investments; test Illinois qualifying-investment definitions. | 90% | Illinois Department of Revenue: Partnerships Checked |
| Illinois investment partnership qualifying income share Minimum income share from qualifying investments; qualifying lower-tier partnership interests can contribute to this test under current Illinois rules. | 90% | Illinois Department of Revenue: Partnerships Checked |
| New York individual or corporate partner estimated-payment exception ceiling Annual fund estimate is not required at this amount or less for an individual or C corporation partner; individual floor applies per tax type. Also confirmed in CT-2658-I and Tax Law 658(c)(4)(D)(i). | $300 Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York partner estimate second installment due Calendar and fiscal filers; next business day if a weekend or legal holiday. | June 15 Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York partner estimate third installment due Calendar and fiscal filers; next business day if a weekend or legal holiday. | September 15 Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York partner estimate fourth installment due Calendar and fiscal filers; next business day if a weekend or legal holiday. | January 15 following the tax year Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York corporate first installment alternative date Optional substitute for the April installment; March 15 falls on Sunday. | March 16, 2026 Tax year 2026 | New York: Instructions for Form CT-2658 Checked |
| New York corporate fourth installment alternative date Optional substitute for the following January installment. | December 15, 2026 Tax year 2026 | New York: Instructions for Form CT-2658 Checked |
| New York partner payment statement deadline After each estimated payment; also applies to corporate partners. | 30 days Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New Jersey nonresident noncorporate partner tax rate Individuals, estates and trusts; exemptions apply. | 6.37% Tax year 2025 | New Jersey: NJ-1065 instructions Checked |
| New Jersey nonresident corporate partner tax rate Corporate category includes other entity partners under the instructions; exemptions apply. | 9% Tax year 2025 | New Jersey: NJ-1065 instructions Checked |
| New Jersey partner tax installment share Four installments. | 25% Tax year 2025 | New Jersey: NJ-1065 instructions Checked |
| New Jersey partner tax installment deadlines | The 15th day of the fourth, sixth, and ninth months of the privilege period and the first month after it closes Tax year 2025 | New Jersey: NJ-1065 instructions Checked |
| Illinois partnership original return and payment due General rule; extension does not extend payment. | The 15th day of the fourth month after year-end | Illinois: IL-1065 instructions Checked |
| New York individual certificate covered years | Tax years 2026 and 2027 Tax year 2026 | New York: statute or certificate Checked |
| New York individual partner certificate expiration Use for tax years 2026 and 2027; renew before expiration. | February 1, 2028 Tax year 2026 | New York: Form IT-2658-E Checked |
| New York individual certificate revocation notice deadline After the partner no longer expects to meet the certificate conditions. | 10 days | New York: Instructions for Form IT-2658-E Checked |
| New York group minimum electing partners Qualified partners with the same accounting period. | 11 | New York: Instructions for Form IT-203-GR Checked |
| New York initial group approval application deadline After the close of the initial tax year; application TR-99. | 30 days | New York: Instructions for Form IT-203-GR Checked |
| New York group partner election deadline | The 15th day of the fourth month after the tax year ends | New York: Instructions for Form IT-203-GR Checked |
| New York group participation limit per spouse Maximum permitted group returns per spouse. | 10 | New York: Instructions for Form IT-203-GR Checked |
| New Jersey composite participant election cutoff Signed NJ-1080E must reach filing entity before filing; annual election cannot be revoked after cutoff. | April 15 following the tax year | New Jersey: NJ-1080-C instructions Checked |
| New York nonresident partner group-return tax rate Latest final Schedule A multiplies New York taxable income by 0.1090. Confirm the final filing-year schedule before use. | 10.90% Tax year 2025 | New York: Form IT-203-GR-ATT-A Checked |
| New Jersey nonresident partner composite-return tax rate Latest final NJ-1065 instructions specify the highest rate without regard to filing status, dependent exemptions, or deductions. Recheck the final filing-year form. | 10.75% Tax year 2025 | New Jersey: NJ-1080-C instructions Checked |
| New Jersey composite estimate threshold Expected total composite income tax must exceed this amount after prior composite filing. | $400 Tax year 2025 | New Jersey: NJ-1080-C instructions Checked |
| New York annual PTET election opens | January 1 | New York: Pass-through entity tax Checked |
| New York annual PTET election cutoff Next business day if the date is a weekend or legal holiday. | March 15 | New York: Pass-through entity tax Checked |
| New York PTET ownership threshold for full personal liability More than this interest or profit share; applies to Article 22 taxpayers eligible for the credit. | 50% | New York: statute or certificate Checked |
| New Jersey BAIT annual election deadline March 15 after year-end for calendar-year entities; generally the 15th day of the third month after year-end. Annual online election; cannot be retroactive. | The 15th day of the third month after year-end | New Jersey: BAIT frequently asked questions Checked |
| General New York tax collection period From the first date a warrant could be filed, not from its actual filing. Agreements can extend collection. The shorter six-year warrant-filing rule in section 174-b(4) also applies. | 20 years | New York Tax Law: Section 174-b Checked |
| New York Article 22 warrant issuance limit From assessment; section 174-b(4) extinguishes the debt if the commissioner does not file a warrant within this period. | Six years | New York: statute or certificate Checked |
| New York partnership failure to make required individual partner estimates Per partner for each required estimated-payment failure, unless due to reasonable cause and not willful neglect; separate underpayment penalties can apply. | $50 Tax year 2026 | New York: Instructions for Form IT-2658 Checked |
| New York partnership original return due Section 658(c)(1); all-nonresident-noncitizen partnerships follow the federal deadline. | The 15th day of the third month after year-end | New York: Tax Law section 658 Checked |
| New York late or incomplete partnership return monthly partner penalty Per month or part-month, maximum five months; count individual, estate, and trust partners subject to Article 22 during any part of the year. Latest final instructions; reasonable-cause exception applies. | $50 Tax year 2025 | New York: Instructions for Form IT-204 Checked |
| New York partnership late return maximum months Section 685(h)(2). | Five months | New York: Tax Law section 685 Checked |
| California Form 565 original return due Filing extension does not extend payment. | The 15th day of the third month after year-end | California FTB: Form 565 booklet Checked |
| California late partnership, LLC or S corporation return penalty per owner per month Per partner, LLC member or shareholder per month or partial month, up to 12 months, under California's separate rule | $18 | California FTB: Common penalties and fees Checked |
| California partnership late return maximum months General Information G. | 12 months | California FTB: Form 565 booklet Checked |
| New Jersey partnership annual return due NJ-1065 and NJ-CBT-1065; short periods follow federal Form 1065 deadline. | The 15th day of the fourth month after year-end | New Jersey: NJ-CBT-1065 instructions Checked |
| New York calendar-year group return due Original filing deadline; extensions require separate application. | April 15 following the tax year | New York: Instructions for Form IT-203-GR Checked |
| New Jersey calendar-year composite return due No fiscal composite returns accepted. | April 15 following the tax year | New Jersey: NJ-1080-C instructions Checked |
Primary sources
- New York: Instructions for Form IT-204
- New York: Tax Law section 631
- California FTB: Form 565 booklet
- New Jersey: NJ-1065 instructions
- Illinois: IL-1065 instructions
- New York: Instructions for Form IT-2658
- New York: Instructions for Form CT-2658
- New York: Instructions for Form IT-2658-E
- New York: Form IT-2658-E
- New York: Instructions for Form IT-203-GR
- New York: Form IT-203-GR-ATT-A
- New York: Pass-through entity tax
- New Jersey: NJ-1080-C instructions
- New York: Tax Law section 658
- New York: Tax Law section 685
- Illinois: Investment partnership withholding regulation
- Illinois Department of Revenue: Partnerships
- New Jersey: NJ-CBT-1065 instructions
- New York: Foreign corporate limited partners
- New York: Tax Law section 866
- New Jersey: BAIT frequently asked questions
- New York: Form IT-204
- New York: Form IT-2658-NYS
- New York: Tax Law section 174-b
- New Jersey: BAIT election statute
About this guide
Published by Cloud Accounting under standing professional approval. This version has no separately recorded personal review. It explains general rules for the tax year shown. It is not advice for your situation.
Changes
- : First published.