State tax filing
For the Allocate New York State Adjustments screen, you have to enter the following based upon your IT-203:
- Description : STUDENT LOAN INT 2,500 (Federal Adj)
- Description: SE TAX DEDUCTION 58 (Federal Adj)
This should equal 2,558.
The information you put in the NYC resident column depends on what percentage of these items were incurred while you lived in NYC. For example, if you accrued student loan interest expense evenly throughout the year, and you moved into NYC on 5/22/24, you'd allocate approximately 1,527 to the NYC column. This amount came from 223 days/365 x 2,500 student loan interest. Regarding the SE Tax Deduction for your business, I see this was 100% allocated to NY, so the full amount would be in the NYC column.
