Screen NYAlloc2 - New York Separate Books Amounts (1065)

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New York Sourced Deductions from Federal Schedule K

Section 179 expense deduction / … / Form 4684 short term loss from income producing property
If
Allocating all income on the basis of separate books and records
is marked, the related boxes on Form IT-204-IP, Page 2 calculate using the amounts in these boxes.
Section 179 expense deduction - MCTD
If this box has data and
Allocating all income on the basis of separate books and records
is marked, Forms IT-204, Page 7, line 116b and IT-203-GR-ATT-C calculate New York earnings from self-employment using this amount.
Deductions - portfolio other / Other deductions
The statements contain all the related information entered in the federal K, K-2, and K-4 screens. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. The application displays the modified column in black and doesn't overwrite the new data with subsequent federal-to-state data transfers.

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