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GIT-12 - Estates and Trusts - New Jersey

1 Estates and Trusts Understanding Income Tax New Jersey is known for Jersey corn, shown here at a farm in Mercer County. GIT-12 December 2019 Types of Estates and Trusts .. 2 estate and trust Filing Requirements .. 3 Tax Year .. 3 New Jersey Tax 3 Electing Small Business Trusts .. 3 Estates Other Than of a Deceased Individual .. 4 Trusts Exempt From Tax .. 4 Estimated Tax Payments .. 4 estate and trust Income Reporting Requirements .. 4 Resident Estates and Trusts .. 4 Nonresident Estates and Trusts .. 4 Pension, Annuity, and IRA Income .. 5 Beneficiary Filing Requirements .. 5 Resident Beneficiary .. 5 Nonresident Beneficiary .. 6 Beneficiary Income Reporting Requirements .. 7 Income Category and Return Year .. 7 Distributed Income .. 7 Pension, Annuity, and IRA Income.

Rev. 12/18 1 Tax Topic Bulletin GIT-12 . Estates and Trusts . Introduction . Estates and trusts are taxpayers under the Gross Income Tax Act ( N.J.S.A. 54A:1-1 et seq.) and are required to

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