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Mortgage Interest is being applied to Form NYS IT-229 in the penalty box

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Mortgage Interest is being applied to Form NYS IT-229 in the penalty box

ldadmin

What should have happened is real estate taxes entered into Schedule A itemized deductions should be brought to the necessary field in NYS IT-229 - mortgage interest does not belong anywhere on that form

already caused a problem on a NYS refund by adjusting amount of refund

Status: New
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Vote now if this is a good idea
1 Comment
EM912
Returning Member

Also be aware the applicable rate on IT-229 if less than .14  is not calculating correctly.  Lacerte is working on fixing this.

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