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What does "Enter your combined share of the built-in gains and net passive income from New York S Corporations" mean?
On my New York State return (non resident), I indicated that I am a shareholder of a New York S Corporation. It is asking me "Enter your combined share of the built-in gains and net passive income taxes from New York S corporations." The entry boxes are labeled "Your Share of Taxes" for Federal and NY Source. What amount do I enter? Is this asking if I've personally made any tax payments on behalf of the S Corp?
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‎April 4, 2022
9:03 AM