Screen NYCr-3 - New York Credit for Unincorporated Business Tax Paid (1040)

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Overview

Use this screen to enter information to complete portions of Form IT-219.

Pass-through Information

Enter information in this section to complete portions of Form IT-219.
T, S
If the taxpayer and spouse, filing a joint New York State return have differing New York City residency statuses or periods, Form IT-219 must calculate separately for the taxpayer and spouse. Enter
T
or
S
in this field to allow UltraTax CS to divide the credit between taxpayer and spouse. The entry in this field is also used during Filing Status Optimization.
If taxpayer and spouse New York City residency differ, each is provided a main Form IT-219 which is used to accumulate amounts in the event multiple partnership and trust portion of credits are present.
Partnership name / year end / employer identification number
Enter the partnership name, year-end date, and employer identification number in these fields.
Form NYC-204, line 23 amount
Enter the amount from Form NYC-204, line 23 in this field. If the partnership has provided the taxpayer’s share of the unincorporated business tax, enter that portion in this field and leave the
Percentage of total distributive shares, Form NYC-204, Schedule C, column I
field blank. Form IT-219, lines 1, 2, 3, and 4 are blank, and this amount, multiplied by the percentage calculated on the New York City Part Year Resident Ratio Worksheet, is used to complete line 5. Attach the statement received from the partnership.
Form NYC-204, line 20 amount
Enter the amount from Form NYC-204, line 20 in this field.
Percentage of total distributive shares, Form NYC-204, Schedule C, column I
Enter the percentage of total distributive shares from Form NYC-204, Schedule C, column I in this field. New York City part-year resident’s Form IT-219, line 5 also uses the percentage calculated on the New York City Part Year Resident Ratio Worksheet. If the partnership calculated and provided the taxpayer’s share of the unincorporated business tax, leave this field blank and the amounts entered in the
Form NYC-204, line 23 amount
and
Form NYC-204, line 20 amount
fields are added and placed on line 5, skipping lines 1, 2, 3, and 4.
Beneficiary’s Share of Unincorporated Business Taxes
Enter the name, employer identification number, and share of New York City unincorporated business taxes for the estate or trust in these fields.

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