Form NYC-204 print requirements
To print Form NYC-204, New York City Unincorporated Business Tax Return:
- Go to theOrganizer,Cities and Intangibles,New York Cityfolder.
- SelectReturn Options.
- In theCompute Optionssection make sure theGenerate Form NYC-204EZ instead of Form NYC-204checkbox isn’t selected.
- Do a full calculate and print the return.
To view the Partner's distributive share amounts in the system, go to and select the
Partner Information
button under Schedule C. To view the calculation, drill down on Partner's distributive share on this screen. The amounts allocated to the partner for the lines on this page will be totaled to reach the partner's distributive share.
The partner's percentage of distributive share is calculated by dividing the partner's share by the total partnership amount, so it may not always match the partner's ratio exactly, particularly when items have been allocated.
Since the Partner's Distributive share is a calculated amount, there is no way to allocate the total. To allocate, each item that makes up the partner's distributive share needs to be specially allocated. This can be done under .
If you don't want the partner's distributive share to print, go to and select the checkbox to print NONE for all partners' distributive share on Schedule C of NYC-204.
note
Per NYC instructions, if the Distributive Share totals to a negative amount for a partner, 0 should be used, and no percentage will be calculated for the partner.
