Form IT-204-IP print requirements
To print Form IT-204-IP, New York Partner’s Schedule K-1:
- Go toOrganizer,States, then selectNew York.
- SelectReturn Options, and go to theNew York State Formssection.
- Make sure that the field forAll partners' Form IT-204-IPis cleared.
- Make sure that at least 1 partner is of the following types:
- Disregarded Entity
- Estate
- Grantor Trust
- Individual
- Nominee
- Partnership
- LLP
- LLC
- Do a full recompute, then print.
To make sure at least 1 partner has a partner type selected:
- Go toOrganizer,Partner Information, then selectPartner by Partner Data.
- Go toName of partner,Partner Information, and selectPartner Information.
- Go to thePartner typesection.
- For theType of entityfield, select one of the types of partner as shown earlier.
- If for the type of entityExempt Orgis selected, the form won’t print.
How can New York Form IT-204-IP, Page 2, Column C either be populated or left blank as appropriate?
For Column C to populate, there needs to be an apportionment percentage for the state of NY showing on the IT-204, page 7, line 126.
Populating Column C is also determined by the answer to
Books and records reflect income earned in state
found in . Answering Yes
leaves Column C blank.How can Form IT-204-IP, Page 2, Line M "
Was Form IT-2658-E filed with the partnership?
" be completed?It will only check
YES
or NO
for the corporate and nonresident individual partners. Otherwise it is blank, since it isn't for other types of partners.To fill in this field for non-corporate or resident individual partners, the question will need to be answered directly on the form in Tax Forms.
