business apportionment factor in NY State

Hi TT Community,

In my NY State S Corp 2021 return, it asks for business receipts on CT3-S form. I'm a landlord and this return is for my rental business. Do I need to fill in my gross rental income on line 4 or could I check off that my business doesn't require receipts?

Thank you in advance.

posted

For the CT3-S, Line 4 is for receipts from rentals of real and tangible personal property located within the state are included in the New York State column. If your rental property is in New York state, you must include it.

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