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Screen NYNYCAdj - New York City Adjustments (1120)

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Additions and Subtractions

Other subtractions
The deductions for Section 78 foreign dividend gross up transfer from federal return. To exclude an item from the state return, delete the amount or the entire line item from the statement. The modified column displays in black and won’t overwrite the new data with subsequent federal-to-state data transfers. For more information, (including details on setting a user preference to select fields for which you overruled the transferred amount), refer to the Statements overview.

Capital Base

Real property and marketable securities - FMV
If the fair market value of real property and marketable securities for New York City is different from that for New York state, use these fields to enter those amounts. If the amounts are the same as for New York state, leave these fields blank and it defaults to the amounts entered in Screen NYAdj.
Cooperatives: Boro / Block / Lot
Enter the information related to cooperative housing corporations. Also, if
X
as entered in the
Cooperative housing corporation
 field in Screen NYAdj, the cooperative housing allocation rate is used to calculate the tax on allocated capital.

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