NY IT-203 schedule IT-182

Forum|Forum|4 months ago
March 13, 2026
1 reply
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I am a NJ resident and have investment properties in NY and NJ. All of the investment properties have net losses and they appear on the NY-182 form. How do I delete / remove the NJ investment properties from this form? Thank you.

DaveF1006

Level 15

Yes, there is how to handle the allocation screen in NJ tax return.

Go to the State Taxes tab: Open your New York state return.
Locate "Income Allocation": Proceed through the interview until you reach a screen titled "Identify Your New York Source Income" or "Income Allocation."
Find the Business/Rental Section: Look for the section related to Rent, Royalties, and Pass-Through Entities (this corresponds to your federal Schedule E).
Edit the Allocation: TurboTax will list your properties.
For the New Jersey properties, you should see a column for "Total Amount" and a column for "New York Amount."
Manually change the New York Amount for the NJ properties to $0.

Verify Form IT-182: Once you zero out the NJ-specific amounts, the software should automatically recalculate Form IT-182 to reflect only the New York-sourced losses.

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