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Common questions about New York estate or trust beneficiary's shares

SOLVEDby IntuitLacerte Tax1Updated July 27, 2021

The following articles are the top questions referring to New York Estate or Trust beneficiary's Shares of New York modifications, adjustments and credits in Lacerte:

Lacerte doesn't have an input field for New York City income or withholdings from a Schedule K-1.

Per the New York Instructions for Form IT-203:

  • If you received a federal Form W-2, Wage and Tax Statement, verify that your social security number on your federal Form W-2 is correct. If there is an error, contact your employer to issue you a corrected form (Form W-2c, Corrected Wage and Tax Statement).
  • You must complete Form(s) IT-2, Summary of W-2 Statements, for any federal Form(s) W-2 (or W-2c) you received.
  • You must complete a W-2 record even if your federal Form W-2 does not show any NYS, New York City (NYC), or Yonkers wages or tax withheld.
  • In addition, if you received foreign income but did not receive a federal Form W-2, you must complete Form IT-2.
  • If you had New York State, New York City, or Yonkers tax withheld from annuities, pensions, retirement pay, or IRA payments, you must complete Form(s) IT-1099-R, Summary of Federal Form 1099-R Statements.

Enter on the appropriate line your total New York State, New York City, and Yonkers tax withheld from:

  • Form(s) IT-2, and
  • Form(s) IT-1099-R, and
  • Form 1099-G, Certain Government Payments, and
  • Form W-2G, Certain Gambling Winnings.

Submit Form(s) IT-2 and Form(s) IT-1099-R with your Form IT-203. In addition, submit any federal Forms 1099-G or W-2G that show any NYS, NYC, or Yonkers tax withheld. Do not submit federal Form W-2 or 1099-R with your return. Keep copies of those forms and the forms you submitted with your return for your records.

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