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S Corp formed in NY but ran in FL. Issues filling CT-3-S Part 2, item 22
Hello. I run an S Corp which was formed in NY in 2016 but I was running it from a home office in Florida. The business is getting paid from a client based in NY. I am not sure what to type in Part 2, item 22 on form CT-3-S, which is asking for New York receipts.
Should I enter any receipts (ordinary business income) or write $0?
TurboTax lists it as error if I put any number other than 0 in that field.
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March 15, 2021
11:40 AM
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State tax filing
Because the client base was in New York, you would have to report the income to New York even though you did the actual work in Florida.
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March 15, 2021
12:15 PM
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State tax filing
Oh okay, I really appreciate your help.
Should I just type in the annual ordinary business income in that field?
March 15, 2021
12:39 PM
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State tax filing
Yes, enter the annual ordinary business income in that field (NY receipts).
If your only income is from a client in NY, then your "annual ordinary business income" is the same as your "New York receipts".
March 15, 2021
1:07 PM