My wife and I are NYS residents. We are the only members of a partnership registered in VA. All income for the partnership came from VA (a rental house). For tax year 2022, we already filed federal 1065 and VA 502PTET last week and paid VA PTE tax.
I know we also need to file NY IT-204 even with zero income from NY. In the past, it's very simple to fill out that form -- 0 for everything related to income and deduction.
However, since we have tax credit on the PTE level, do I have to pay special attention with IT-204? Is there a certain field that I need to check and enter the PTE tax paid to VA? Should the tax paid by PTE show up on IT-204-IP?
I won't do our 1040 and IT-201 until finishing the partnership returns first. But I want to make sure I do IT-204 and IT-204-IP correctly as not to mess up my IT-201 deduction/credits.
