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Level 3
posted Mar 15, 2021 11:40:16 AM

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.

0 3 482
3 Replies
Expert Alumni
Mar 15, 2021 12:15:18 PM

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.  

Level 3
Mar 15, 2021 12:39:43 PM

Oh okay, I really appreciate your help.

 

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

Expert Alumni
Mar 15, 2021 1:07:52 PM

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".