Yes. It is possible for a non-resident to file a Form IT-558 if it is a modification of business interest that was deducted on your federal return. The amount of excess business interest deduction claimed for federal purposes over the amount of business interest deduction allowable for New York State would be on your IT-558.
Per Instructions for Form IT-558, New York additions and subtractions that relate to intangible items of income, such as interest or ordinary dividends, are only required to the extent the property that generates the income is employed in a business, trade, profession, or occupation carried on in New York State.
For more information, please see IT-558 Instructions.
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