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Division of Taxation

Reporting FDII on Schedule A

It has come to the Division’s attention that some software vendors may be double including FDII income. FDII and GILTI are included on different lines for federal and New Jersey purposes. To avoid double reporting the income, the amounts reported on any other lines must be reduced by the amount of the FDII and GILTI included on lines 10a and 10b of the 2018 Schedule A when transferring income data reported on the federal form 1120 onto the New Jersey Schedule A.

Taxpayers should review their returns to ensure that their income is correctly reported.

Last Updated: Thursday, 11/14/19