Drake Tax - NJ - CBT 2553 QSSS Election Form

The NJ CBT-2553 New Jersey S Corporation or New Jersey QSSS Election is available in S corporation returns: NJ screen 2553 on the Other tab. The form and instructions are also available on the New Jersey Division of Taxation Website here: NJ CBT-2553.

The NJ CBT-2553-R Retroactive S Election Application is available starting in Drake Tax 2019. To produce this form, go the NJ 2553 screen and complete the Retroactive S Election field and any other relevant information. The form and instructions are available on the New Jersey Division of Taxation Website here: NJ CBT-2553-R.