Hi Lenah, thank you for the professional response. I think I was confused and forgot, that as a full time resident my allocated NYS amount would be automatically 100%, so there is no need to show allocated amount. My question is, I have not received K-1 NY equivalent form, but as a sole officer/shareholder and 100% stock owner I'd have to include (addition) my share of NY franchise taxes imposed under Article 9-A (general business corporation franchise tax) and deducted from federal income. This amount can be found on Form CT-34-SH (New York S Corporation Shareholders’ Information Schedule), Schedule A, Part 1, Line 1 which in my case is $25. Should I use code A-201 or A-301 for this amount? As far as I know A-301 would affect ex C corporations. My corporation is a Federal and NY S Corporation and never was a C corporation. Thank you and appreciate your time.
