Re: Allocate New York State adjustments

davesieminski · Feb 25, 2022 10:30:47 AM

<P>I was a resident of New York City for the last three months of 2021. When preparing the NY state return (after preparing the federal) I came to an entry that said "Because your residence changed during 2021 you must allocate your New York State adjustments of -$64,122 based on the time you spent as a resident of New York City or Yonkers (I am not a Yonkers resident). Below that statement are four empty "Description" boxes and then corresponding amount boxes adjacent to each. It also says that "Your New York State adjustments must equal -$64,122. " Question 1: Where did the amount -64,122 come from? I don't know how to describe or how much to allocate to each item unless I know the source and I cannot find that amount or any accumulation items that equal that amount on any forms. Question 2; Is the amount shown somehow generated in software because I previously filled in the date I moved to NY? Please advise how to fill this out.</P>

Allocate New York State adjustments

Your adjustment to income is the SE tax deduction in the amount of $864.

If you earned this self-employed income throughout the year, then you should allocate $288 (4/12 months x $864) for NYC based on the residency dates you entered into TurboTax. If you didn't earn this income throughout the year, then allocate accordingly.