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Screen NYSTCr - New York Credit for Taxes Paid to Other Jurisdictions (1040)
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Overview
Use this screen to complete Forms IT-112-R, and IT-112.1. Enter Provincial tax information on the NYSTCr-2 screen.
State Information
Use this section to complete Form IT-112-R. If you are processing a multiple-state return, process the nonresident state(s) first, followed by the resident state. UltraTax CS transfers information from the nonresident return(s) to your full-year resident return.
If enabled, UltraTax CS automatically prints copies of state returns if you are using UltraTax CS to file a nonresident return for which the credit for taxes paid to other states is calculated. New York no longer requires that you attach copies of the other state returns, therefore, the print condition for collation item
NY Copy, Other States
in Setup
, 1040 Individual
, the New York
tab, Tax Return
, the Government
tab has been designated as never
.Postal code / Name
If you're processing multiple state returns, UltraTax CS automatically completes the
Postal code
and Name
fields for the resident return. If you manually prepared a nonresident return, enter the postal code and/or name for which a credit is being claimed. If the same income was taxed by more than 1 jurisdiction within a state (for example, the state of Michigan, the city of Detroit, and the city of Lansing) and 1 combined credit calculation is necessary, enter the names of all of the taxing jurisdictions in this field. UltraTax CS determines whether the information is for a state / local government based on the postal code entered.Income and Adjustments
Use this section to complete the income and adjustments portion of Form IT-112-R.
Wages / ... / Adjustments (federal)
UltraTax CS automatically transfers information from UltraTax/1040 to complete Forms IT-112-R, Page 1, column A. If you used UltraTax CS to process a nonresident state, the information transfers to the Calculated column. Use the Force column to force (override) column B amounts.
If enabled, UltraTax CS automatically prints copies of state returns if you're using UltraTax CS to file a nonresident return for which the credit for taxes paid to other states is calculated. New York no longer requires that you attach copies of the other state returns, therefore, the print condition for collation item
NY Copy, Other state returns
in Setup
, 1040 Individual
, the New York
tab, Tax Return
, the Government
tab has been designated as never
.Total Income Taxed
Use this section to complete Forms IT-112-R, Part 1 and Form IT-112.1, lines 2 and 3.
Total amount taxed by other state or government
If you're processing multiple state returns, UltraTax CS automatically completes the
Total amount taxed by other state or government
field for your resident state return. Use the Force
field to enter the total amount taxed by the other state if it's different from the calculated amount. If you manually prepared a nonresident return for which you would like to claim this credit, enter the total amount taxed from that state or jurisdiction's return in the Force
field. If the credit is being calculated for an amount that was subject to tax by more than 1 jurisdiction within a state, enter the amount only once in the Force
field.Form IT-112.1, Ordinary income from lump-sum distribution
Use this field to enter the portion of the total amount taxed that represents the ordinary income portion of a lump sum distribution (LSD). If a separate tax on the ordinary income portion of a lump sum distribution is calculated in the other taxing authority, don't enter an amount in this field. If reporting for a state, use the
Form IT-112.1, Separate tax on ordinary income portion
field in the Taxes Paid to Another State section. UltraTax CS assumes that the lump sum distribution was included in the taxable income of the taxing authority. A ratio of the LSD income to total income is multiplied by the total tax from the other taxing authority to derive the tax attributable to the LSD.Form IT-112.1, Ordinary income from lump-sum taxed by New York
Use this field to enter the portion of the total amount taxed by the other state or government that's also taxed by New York.
Even if the
Form IT-112.1, Separate tax on ordinary income portion
field is blank, an entry must be made in this field to calculate Form IT-112.1.Taxes Paid to Another State
Use this section to enter taxes paid to other states or local taxing authorities and to complete portions of Form IT-112.1.
Amount of income tax paid to other state or government
If you're processing multiple state returns, UltraTax CS automatically completes the
Amount of income tax paid to other state or government
field for your resident state return. Use the Force
field to enter the tax paid amount if it's different from the calculated amount. If you manually prepared a nonresident return for which you would like to claim this credit, enter the taxable income from that state's or jurisdiction's return in the Force
field. If the credit is being calculated for an amount that was subject to tax by more than 1 jurisdiction within a state, include the combined tax paid in this field.A separate Form IT-112-R, as applicable, is completed for each unit of the NYSTCr screen.
Form IT-112.1, Separate tax on ordinary income portion
Enter the separate tax in this field to complete Form IT-112.1, line 2.
Withholding and estimates paid to other state / Balance due or -refund shown on other state return
If you're processing multiple state returns, UltraTax CS automatically completes the
Withholding and estimates and the Balance due or -refund
fields for your resident state return. These fields are used to complete the last section of Form IT-112-R. New York no longer requires that you attach the other state return; however, the last section of Form IT-112-R must be completed whether or not the other state return is submitted. Use the Force
field to enter the total amount withheld and otherwise paid the other state if it's different from the calculated amount. Use the Force
field to enter the total amount due to or refunded from the other state if it's different from the calculated amount. If you manually prepared a nonresident return for which you would like to claim this credit, enter the amounts from that state or jurisdiction's return in the force fields.Income tax paid by an entity
If you are processing multiple state returns, UltraTax CS automatically completes the
Income tax paid by an entity
for your resident state return. Use the Force
field to enter the tax paid if it is different from the calculated amount. If you manually prepared a nonresident return for which you would like to claim this credit, enter the tax paid by an entity from that state's or jurisdiction's return in the Force
field.Group EIN for taxes paid to other jurisdiction on a group return
If taxes were paid on a group (composite) return, enter the group's EIN.