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Screen NYAdj-2 - New York Disability and Hot Spot (1040)
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Overview
Use this screen to complete Form IT-221. If information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-NY displays it on the form only, not in the screen.
Taxpayer Disability
UltraTax CS uses the information entered in this section to prepare Form IT-221, Disability Income Exclusion, for the taxpayer.
Date of retirement / ... / Physician address
Enter information and amounts to complete Form IT-221. If an amount is calculated via Form IT-221, subtraction code
S-124
is added automatically to the other subtractions statement for the taxpayer and/or spouse.Spouse Disability
UltraTax CS uses the information entered in this section to prepare Form IT-221, Disability Income Exclusion, for the spouse.
Date of retirement / ... / Physician address
Enter information and amounts to complete Form IT-221. If an amount is calculated via Form IT-221, subtraction code
S-124
is added automatically to the other subtractions statement for the taxpayer and/or spouse.Innovation Hot Spot
UltraTax CS uses the information entered in this section to prepare Form IT-223, Innovation Hot Spot Deduction.