Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
patmag
Level 3

S Corp formed in NY but ran in FL. Issues filling CT-3-S Part 2, item 22

Hello.  I run an S Corp which was formed in NY in 2016 but I was running it from a home office in Florida.  The business is getting paid from a client based in NY. I am not sure what to type in Part 2, item 22 on form CT-3-S, which is asking for New York receipts.
Should I enter any receipts (ordinary business income) or write $0?
TurboTax lists it as error if I put any number other than 0 in that field.
3 Replies
MaryK1101
Expert Alumni

S Corp formed in NY but ran in FL. Issues filling CT-3-S Part 2, item 22

Because the client base was in New York, you would have to report the income to New York even though you did the actual work in Florida.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
patmag
Level 3

S Corp formed in NY but ran in FL. Issues filling CT-3-S Part 2, item 22

Oh okay, I really appreciate your help.

 

Should I just type in the annual ordinary business income in that field?

ToddL99
Expert Alumni

S Corp formed in NY but ran in FL. Issues filling CT-3-S Part 2, item 22

Yes, enter the annual ordinary business income in that field (NY receipts).

 

If your only income is from a client in NY, then your "annual ordinary business income" is the same as your "New York receipts".

Dynamic AdsDynamic Ads
Privacy Settings
v