Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How is the 2021 NYS PTET tax payment made added back as a NYS addition on form IT-204 in the Proseries program?
How is the 2021 NYS PTET tax payment made added back as a NYS addition on form IT-204 in the Proseries program?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Jhendell
Level 3
02-06-2022
12:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
2 Comments 2
IntuitMark304
Employee
02-08-2022
12:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The addback for PTET tax payments is not permitted as an adjustment to the IT-204 at this time. This addition is only utilized on IT-201, IT-203 and IT-205 filings. Please see page 18 of the IT-225 instructions that details which filings can utilize the addback on the IT-225. I am also including a screen shot. Please let me know if you have additional questions.
Jhendell
Level 3
02-08-2022
07:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you very much! I had already finally found the answers from NYS after more research. The add back is at the personal or trust level and the credit is coded 653 on the IT-204 and related K1 forms. Thanks again!
