Triva isn't available right now.
Check out the support page for our phone number and hours
Screen NYCGen - New York City Partnership Return (1065)
Show all hidden content
Federal-to-state input screen and asset module data transfer
If information is transferred from federal input screens or from the asset module to a state input screen, the application displays the transferred data in blue.
If necessary, you can overrule the transferred amount by entering the amount in the box. The application then displays the new amount in black.
note
- When you overrule a transferred amount, the application doesn't overwrite that amount with subsequent federal-to-state or asset module data transfers.
- To delete the overruled amount and restore the original transferred amount, right-click the box and select Delete overrule or simply enter the original amount in the box.
- To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. The application then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
- If desired, you can set a user preference to mark boxes for which you overruled the transferred amounts and to list all overruled amounts in the Diagnostics window.
Statements
Many data entry boxes provide predefined statements in which you can enter additional information.
Accessing frequently asked questions
To view answers to common questions about calculations and data entry issues, select Help, Additional Resources, then Frequently Asked Questions.
Special allocations
Select Ptr Alloc next to the box to specially allocate items to partners using ratios that are different from the profit / loss ratios.
Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes, unless you have selected the option to default state partner allocations to federal allocated amounts. When this is selected, only those state allocations that correspond to a specific federal allocation will default. To select this option, enter
X
in Default state partner special allocations to the corresponding federal special allocation
on the federal CltOptns screen.To mark
Default state partner special allocations to the corresponding federal special allocation
one time for all new clients, select Setup, 1065 Partnership, Federal tab, select New Client Options, and mark Default state partner allocations to federal allocated amounts (Screen CltOptns)
in the Return Presentation tab.Statement special allocations
You may allocate statement items separately to partners directly in the statements. The statement items are printed separately for each partner on an item-by-item basis.
Apportionment
Apportionment information is entered in one place for all states attached to the return. To enter apportionment information for all states, select View, then Apportionment.
General Information
Amended return
If the New York Partnership return is amended and this box is blank, the NYC return is marked as amended. If the state return isn't amended, but you wish to amend the NYC return, enter
1
. If you don't wish to amend the NYC return when amending the New York partnership return, enter 2
and the NYC return won't be marked as an amended return.Final return
If the federal or state returns are final and this box is blank, the New York City Return is marked as final. If the federal or state returns are not final, but you wish to mark the New York City Return as final, enter
1
. If you don't wish to mark the New York City Return as final when the federal return is final, enter 2
.Force Form NYC-204 to print
If this box is marked, Form NYC-204 prints instead of Form NYC-204EZ.
Force Form NYC-204EZ to print
Enter
X
to indicate the return has 100 percent exempt business activity. If this box is marked, Form NYC-204EZ is marked to print and all income is treated as exempt on Page 1, line 5. If Form NYC-204EZ isn't wanted, do not mark this box and use the Exempt activities
boxes in the NYCAdj screen.Suppress printing of K-1 worksheets
If this box is marked and
Exempt unincorporated business activity (Force)
is marked, the NYC Partner’s Share of Modifications Worksheet doesn't print.Date business began if different from federal Screen 1065
Enter the date business began in New York City. If this box is blank, the application assumes this is the same as the date on the federal return that business started.
Business code number if different from federal Screen 1065
The business code number entered in the federal 1065 screen automatically transfers to the related box on Form NYC-204, Page 1 or Form NYC-204EZ, Page 1. If the New York code is
not
the same as the federal code, enter the business code number.If no, state reason
Enter a reason for not filing Form NYC-204 for the past two years in the statement. If information is entered in this statement, it automatically prints with the return as a submittable state statement.
If yes, state nature of property interest and address
Enter the partnership’s nature of property interest and the property address for Form NYC-204, Page 6, Schedule G, line 10a in the statement. If information is entered in this statement, it automatically prints with the return as a submittable state statement.
If no, explain
Enter a reason for not filing a Real Property Transfer Tax Return in the statement. If information is entered in this statement, it automatically prints with the return as a submittable state statement.
Form NYC-204-EZ - Net income or loss from tax exempt activities (Force)
This box only applies to Form 204EZ. UltraTax CS automatically calculates the amount included on Form NYC-204EZ, Page 1, line 5. This amount represents the amount of net income or loss from activities exempt from the tax included on line 4 of this form. Use this box to override the calculated amount.
Form NYC-204-EZ - Number of months in business in NYC during the tax year
This box only applies to Form NYC-204EZ. UltraTax CS automatically calculates the maximum total allowed income on Form NYC-204EZ, Page 1, line 10 based on the number of months the client resided in New York City during the tax year.
General footnote
Use the statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote appears as a separate item in each collation.
Places of Business
List businesses inside / outside New York City
Enter information in the statements only if business is conducted both inside and outside of New York City. The New York City rent amount automatically transfers to Form NYC-204, Page 2, line 32.