tsnickers
Level 2
I guess the S-corp UBT they are referring to in the instructions to the form are pass thru credits General information For tax years beginning on or after January 1, 2014, and before July 1, 2019, a New York City resident individual, estate or trust (including New York City resident beneficiaries), whose city adjusted gross income includes a pro rata share of income, loss, and deductions from one or more New York S corporations or exempt qualified subchapter S subsidiaries (QSSS), may be eligible for a credit on their income tax return for their pro rata share of New York City general corporation tax (GCT) paid, plus Unincorporated Business Tax (UBT) credit
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