Hello,
I'm a president of a NY S Corporation, I have to attach form IT-225 to my personal State Tax return IT-201 to show and pay additions to my NYS income. I do believe, that as a 100% shareholder/one owner of the S Corporation I have to use Schedule A , Part 1, Line 1a and input code A-201 and amount. Unfortunately, when I'm trying to input the amount and mark the box "NYS allocated amount of above" I'm getting an error and the amount turns red. I do believe, that If I'm working and conducting business in NYS I should show what part of my business and how much of it is allocated in NYS. The allocated NYS amount, BOX B stays blank, but should be equal the total amount-BOX A, if all of my business is done in NYS. Is this an error? I can't override it, because I won't be able to e file my return. I'm hoping that a tax pro, who understands NYS taxes, would know what I'm talking about.
