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Screen NYUBTGen - New York City Unincorporated Business General Information (1040)

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Overview

Use this screen to complete general information for Form NYC-202, Unincorporated Business Tax Return; Schedule A; Schedule B, Part 1; and Schedule F.
UltraTax CS automatically brings taxpayer and spouse information from federal Schedules C and F if the city code NYC is entered in the federal C and F screens.

General Business Information

UltraTax CS uses the information entered in this section to complete general portions of Form NYC-202.
T, S
If information in this screen is used to complete the taxpayer's return, this field is
T
 or blank. If information in this screen is used to complete the spouse's return,
S
 appears in this field. Returns coded as
J
 in the federal screens will be filed as taxpayer only, per NYC regulations.
Business name (Force) / ... / City, state, zip code (Force)
UltraTax CS transfers the name and address from federal Schedule C to Form NYC-202. If more than 1 Schedule C exists, UltraTax CS transfers the data from the last-completed Schedule C for the taxpayer or spouse, respectively. Use these fields only if you want to force (override) the transferred information.
UltraTax CS can prepare 1 Form NYC-202 for the taxpayer and 1 Form NYC-202 for the spouse. Select either the taxpayer's or spouse's set of screens or forms when accessing information for Form NYC-202.
Business telephone number (Force)
UltraTax CS transfers the taxpayer's / spouse's work phone number from the federal 1040 screen to Form NYC-202. Use this field only if you want to force (override) the transferred telephone number.
Business code (Force)
UltraTax CS transfers the business code from federal Schedule C to Form NYC-202. If more than 1 Schedule C exists, UltraTax CS transfers the business code from the last-completed Schedule C for the taxpayer or spouse, respectively. Make an entry in this field only if you want to force (override) the transferred information.
New York State sales tax identification number
Enter the 9, 10, or 11-digit identification number. The entry appears on Form NYC-202.
Title of person signing return
Information entered in the
Title of person signing return
 field appears on all UBT related forms which have a signature block.
Days in operation used to prorate exemption, if less than a full year
If the business wasn't in operation for the entire year, use this field to enter the number of days the business was in operation. UltraTax CS prorates the Form NYC-202, line 15 exemption by multiplying the full-year exemption by a fraction, calculated with the amount entered in this field as the numerator and the number of days in the year as the denominator.
Exempt activity
Enter
X
 if the business is an exempt activity. The entry is used to complete the heading of Form NYC-202.
Partially exempt activity
Enter
X
 if the business is partially exempt. The entry is used to complete the heading of Form NYC-202.
September 11th tax benefits claimed
Enter
X
 to mark the
Check yes if you claim any...
 checkbox on Form NYC-202. See Form NYC-202 instructions for detailed information.
Special condition code
Check the Finance website for applicable special condition codes. Enter the 2 digit code, if applicable.
Name / address change
Enter
X
 if name or business address has changed. These entries are used to complete the heading of Forms NYC-202 and NYC-5UBTI.
Amended return
Enter
X
 if amending Form NYC-202 using Form NYC-202.
Final return
Enter
X
 to mark the
Final return
 checkbox on Form NYC-202.
Date business began
An entry in this field appears with name and address information at the top of Form NYC-202.
Date business ended
An entry in this field appears with name and address information at the top of Form NYC-202.
Print Form NYC-202 (Force)
Enter
X
 to force print Form NYC-202. UltraTax CS won't automatically print Form NYC-202 if gross receipts are below the filing threshold and there are no payments made.

Schedule F - Information for Complete Return

UltraTax CS uses the information in this section to complete the Schedule F portion of Form NYC-202.
Business nature (Force)
UltraTax CS automatically transfers the nature of business from federal Schedule C to Form NYC-202, Schedule F. If more than 1 Schedule C exists, UltraTax CS transfers information from the last-completed federal Schedule C for the taxpayer or spouse, respectively. Use this field only to force (override) the transferred information.
Unincorporated business tax return filing history
UltraTax CS uses the information in this field to complete the
Did you file a New York City Unincorporated Business Tax Return for:
 question on Form NYC-202, Schedule F. The code options are in the fieldview.
Reason prior year returns not filed
Use the statement window provided to explain why prior returns weren't filed.
Home address, zip code (Force)
Use these fields for Form NYC-202, Schedule F, Page 2. If
Address, zip code (Force)
 fields are blank, UltraTax CS defaults to the taxpayer's address entered in the federal 1040 screen.
Date business terminated
Enter the date business terminated in this field. The entry in this field is used to complete Form NYC-202, Schedule F.
Business under audit or income is being changed
Use these fields to answer the Has the Internal Revenue Service or the New York State Department of Taxation and Finance increased or decreased...questions on Form NYC-202, Schedule F. If these fields are blank, the question is answered No.
Form NYC-115 filed
Enter
1
 to mark a
Yes
 response to the
For years prior to 1/1/15, has Form NYC-115 been filed
 question on Form NYC-202, Schedule F. Enter
2
 or leave this field blank to mark a
No
 response.
Amended return filed for years 1/1/15 or after
Enter
1
 to mark a
Yes
 response to the
For years beginning on or after 1/1/15, has an amended return(s) been filed question on Form NYC-202, Schedule F
. Enter
2
 or leave this field blank to mark a
No
 response.
Depreciation deduction uses federal ACRS
Enter
1
 to mark a
Yes
 response to the
Did you calculate a depreciation deduction by the application of the Federal Accelerated Cost Recovery System
 question on Form NYC-202, Schedule F. Enter
2
 or leave this field blank to mark a
No
 response.
Participant - safe harbor leasing transaction
Enter
1
 to mark a
Yes
 response to the
Were you a participant in a Safe Harbor Leasing transaction during the period covered by this return
 question on Form NYC-202, Schedule F. Enter
2
 or leave this field blank to mark a
No
 response.
Is this taxpayer subject to the Commercial Rent Tax
Enter
1
 to mark a
Yes
 response to
Is this taxpayer subject to the commercial rent tax
 question on Form NYC-202, Schedule F. Enter
2
 or leave this field blank to mark a
No
 response.
If yes, all Commercial Rent Tax Returns filed
Enter
1
 to mark a
Yes
 response to the
If "YES" were all required commercial rent tax returns filed
 question on Form NYC-202, Schedule F. Enter
2
 or leave this field blank to mark a
No
 response.
EIN or social security number
Enter EIN or social security number to complete the field for the commercial rent return question on Form NYC-202, Schedule F.

Schedule A - Tax and Credits

UltraTax CS uses the information entered in this section to complete the Schedule A portion of Form NYC-202.
Net rental income, gain or loss from New York City property (Force)
UltraTax CS assumes that the net rental income or gain or loss from New York City is the sum of lines 3 and 4 less line 7 on Form NYC-202, Schedule B, Part 1. Enter an amount in this field only if you want to force (override) the calculated amount.
NYC rent deducted on federal tax return or from Schedule C (force)
UltraTax CS automatically transfers the rent deducted on federal schedule C or rent from Schedule C, Part 1. Enter an amount in this field only if you want to force (override) the calculated amount.
Gross receipts or sales from Schedule C or Schedule C-EZ (Force)
UltraTax CS automatically transfers the gross receipts from Schedules C and F to complete the last field on the 1st page of Form NYC-202. Use this field to override the calculated amount.

Schedule B, Part 1 - Computation of Total Income

Use this field to enter the amount from Form NYC-114.9. Form NYC-114.9 is available in the Non Calc folder. The entry in this field is used to complete Form NYC-202, Page 1, line 22e.
Net profit from Schedules C or Schedule F (Force)
UltraTax CS transfers the net profit from Schedules C and F to Form NYC-202, Schedule B, Part 1, line 1. Enter an amount in this field only if you want to force (override) the transferred amount.
If the unincorporated business is allocating income using the separate books and records method, enter the allocated amount from that method in this field.
Number of Schedules C and F, if more than one
UltraTax CS counts the number of Schedules C and F which have city code
NYC
. Enter an amount in this field only if you want to force (override) the number.
Gain or loss from sale of business property
Enter the amount of gain or loss from the sale of business property that's to be used on this return.
Net amount of rental and royalty income from business property
Enter the net amount of rental and royalty income from business property that's to be used on this return.
Other business income
Enter other business income reportable on Form NYC-202, Schedule B, line 5 in this statement window.
Net income from rental or gain from sale of real property located outside New York City
Amounts entered in the statement window are used to reduce (in the case of income) or increase (in the case of loss) income subject to unincorporated business tax. The amount appears on Form NYC-202, Schedule B, line 7.

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