Metropolitan commuter transportation mobility tax (MCTMT)

To indicate a Schedule C business or farm activity is located within the MCTD, enter the code

17, Form MTA: NY

in the

State use code

field on the applicable federal

C

or

F

screen. For miscellaneous self-employment income, enter the code

23

or

24

in the

State use

field on the federal

1099M

screen or in the

Other income

statement on the federal

Income

screen, both located in the

Income

folder. Any income you enter on these screens assigned with one of these codes will transfer to the

Net earnings from self-employment located in MCTD

statement on the

NYMTAGen

screen in the

MCTMT

folder. You can adjust the amounts in this statement, as necessary.

To allocate a partner's net self-employment income to the MCTD, enter the code

17, Form MTA: NY

in the

State use code

field on the federal

K-1

screen. Amounts you enter in the

Net earnings (loss) from self-employment

field on the federal

K1-4

screen transfer to the

Partners net earnings allocated to the MCTD

statement on the

NYMTAGen

screen in the

MCTMT

folder. If the income percentage allocated to the MCTD is not 100%, enter the percentage in the

Percent from 29b shared or 100%

field in this statement. Adjustments such as Section 179 expense also transfer to the applicable entity.

MCTMT tax is calculated on net earnings from self-employment allocated to the MCTD. If doing business both in and outside of the MCTD, you can allocate federal self-employment by entering the separate books amount on the

NYAlloc3

screen in the

Adjustments

folder. You can also enter the partners net earnings allocated to the MCTD from the partner's NY Schedule K-1, Line 29b on this screen. To enable data entry on this screen, enter

X

in the

Allocating all income on the basis of separate books and records

field on the

NYAlloc

screen. If you don't mark this checkbox, the net earnings calculate by multiplying the self-employment income by the apportionment percentage calculated on the MTAApt Worksheet. Select

View

,

Apportionment

, the

New York

tab, then

City Information

to enter apportionment information for MCTD.

Enter estimated payments for current-year MCTMT on the

NYPmt

screen in the

Payments

folder. Prior-year estimated payments will automatically proforma to this screen. If the proforma'd amounts were paid, enter

X

in the

Treat calculated amounts as paid

field.