- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Filing a business 1065 and need to allocate only some to New York IT-204. "Special Allocation" on IT-204
Filing a business 1065 and need to allocate only some to New York IT-204.
There is a column for "SA" or Special Allocation, but there is NO documentation on how to allocate certain income to just New York via the IT-204 and the rest elsewhere for the K1's generated for New York.
Putting a "1" in that column seems to generate the allocation to outside NY, but there is no documentation.
It also works with any number 1-9, A,B,C [not O or P].
I called support and they had no idea. (go figure because someone programmed the code and its effect.
Note: this is the code on the state section, not the federal section.
Topics:
March 31, 2023
7:48 PM