Well I guess I am filing for extenstion this year. But I do need to file It-204LL. Does anyone have any idea on how to come up with the NY Source gross income. I have the worksheet. Only "income" I have is from stock sale on form 8949 so it tell me to add those. Which is fine, but it specifically says add gains (not losses) - does not make sense. So basically if I had $1000000 in gains and $950000 in losses - my net gain was only $50000. But according to worksheet I am only supposed to add gains - so I will be paying this fee on $1000000?
I know its a very specific case and people might not have any recommendation but I thought I will ask. Basically all my income is from stock trading as a trader. I am also confused about MCTD - am I supposed to pay this. As a trader who only trades with his own money - I know I dont have to pay NYC UBT, but I cant find an answer for MCTD.
