topic NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview? in Deductions & credits

NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview?

whelanm1 — Wed, 25 Mar 2020 17:27:47 GMT

I have amounts in lines 51a and 51b Form IT-204-IP. I don't know where in the NY interview they ask for this information. Any suggestions?

Re: NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview?

DaveF1006 — Wed, 25 Mar 2020 18:28:44 GMT

According to the instructions for the IT-204-IP from this New York State website, Lines 51 and 52 – "For those credits, addback of credits, and recaptures that are not specifically listed on Form IT-204-IP, the partnership provides you with the code and your distributive share of these items. You must complete a separate credit form reporting your distributive share of the credit, credit components, credit factors, and recapture of credit for each credit listed. See the credit chart for a list of the codes for the credits and addbacks entered on lines 51 and 52.

This is listed in page 4 of the publication.

The codes they are referring to are listed in a chart at the bottom of the page. Hopefully this information helps.

Re: NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview?

whelanm1 — Wed, 25 Mar 2020 20:25:50 GMT

Thank you for the answer and I'm good for entering the amounts into the interview. My only other question is that I've now come to a section that states: Looks Like You Need To Attach a PDF. We'll Walk You Through The Steps To Attach It To Your Return.

Is TurboTax supposed to download the completed forms for me? It's looking for IT-636 and IT-644. When I click on the Browse Button, I'm not seeing either of these forms or anything else that TurboTax is downloading to me.

How do I get these PDF forms? Thanks very much.

Re: NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview?

JohnB5677 — Wed, 25 Mar 2020 20:38:13 GMT

Box 51 is dividend credit. The US does not have a dividend credit and ordinary dividends are basically taxable dividends. I'm not sure what Box 52 is. The other forms will have to be downloaded manually.

Re: NY IT-204-IP - Where do I enter line 51a and 51b amounts in the interview?

doko911 — Mon, 14 Sep 2020 19:03:15 GMT

I received a form IT-204-IP but I can't get Turbotax Premier to walk me through it or even show it as a possible form. Do you know how I can make that happen?