What does the form 203-F mean?

See New York Form IT-203-F at this link and the Instructions for Form IT-203-F at this link.  According to the instructions:

 Form IT-203-F, Multi-Year Allocation Form, must be filed if you:

• as a nonresident received certain income related to a profession or occupation previously carried on both within New York State and outside New York State (for example, termination agreement or covenant not to compete). Do not use this form if you received income from a termination agreement or covenant not to compete, and you were not an employee of the payor. See TSB-M-10(9)I, Income Received by a Nonresident Related to a Business, Trade, Profession, or Occupation Previously Carried on Within New York State, for how to determine the amount of New York source income.

or

• have compensation from stock options, restricted stock, or stock appreciation rights as a nonresident (including a part-year resident if compensation is recognized during your nonresident period) that must be allocated to New York, and – performed services both in and out of New York State for the grantor during the grant to vest period of such options, stock, or rights and – have an allocation period that is different than the period of time that applies to the regular, non-stock-based remuneration from the grantor during the tax year.

Thank you but I cannot find this form on Turbo-Tax 2019. Does TT handle this form or must I go to a Tax Accountant to have my tax return completed.

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@Sanduce wrote:

Thank you but I cannot find this form on Turbo-Tax 2019. Does TT handle this form or must I go to a Tax Accountant to have my tax return completed.

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TurboTax does not support New York state Form IT-203-F Multi-Year Allocation Form

Thank you for this important advice. It means that I need to go to an account to complete my tax return.

I was given the option to supply a PDF of a 203-F for my return within TurboTax.

Did you use TurboTax Online to e-file successfully or did you have to mail in your tax return?  

@taxes_are_confusing

I have not submitted yet, so I suspect there is still a chance it will ask me to print out and mail in.

I don't THINK you will be able to electronically file, but they are constantly working on updating and improving the software, so I suppose it is possible that that feature has been added, but I can't find anything that confirms you can e-file PDF attachments.   I am curious to know the outcome, maybe you could let us know in this thread - it would be much appreciated.  Thank you and good luck!  

This has been a NYS requirement for ever. Hopefully it is on our developer's list and will be incorporated in the software someday. Note, this is a high-profile audit issue for the NYS Department of Taxation and Finance. You can find additional information in TSB-M-07(7)I, Income Tax, October 4, 2007.

For tax year 2021, there does appear to be a UI to enter form IT-203-F, but it only allows entering a single form. Furthermore, it seems to also assume that one is filling out Schedule A rather than Schedule B (it pre-populates the income to allocate in line 1c, which is not relevant if one needs to fill out Schedule B).

If one has to fill out Schedule B, tax law requires filling out multiple forms if one has multiple grants per the description in Schedule B: "Complete a separate Schedule B for each option, stock, or right you were granted." This is even in the description in the UI.

There does not appear to be any mechanism to enter multiple IT-203-F forms. In the previous tax year 2020, TurboTax allowed uploading hand-edited PDFs. This is no longer possible either.

It appears that I cannot file my taxes with TurboTax as neither the old functionality of uploading completed PDFs is available, and the new functionality is broken.

Current TY2021 TurboTax download edition supports multiple IT-203-F Schedule Bs in Forms mode -- just keep scrolling after entering a Schedule B and a new form will be generated. I have to file multiple Schedule Bs -- in prior years, I generated a PDF that was attached to the electronic filing.

Hello! I am able to work on form IT-203-F when I check the box for the "Capital Gain or Loss Allocation Smart Worksheet." However, it is incorrectly attributing my NY income from IT-203-F in row 7, "Capital Gain or Loss." On my federal taxes, my RSU's are in Row 1 - "Wages, Salaries, Tips, etc." Row 7 is automatically populated from the sum of my Schedule B's -- I can't change it or put it in Row 1. Should I just submit my taxes with the income from New York sources in row 7 anyway? It seems incorrect.

@LavenderBeaver 

TurboTax appears to apportion all IT-203-F Schedule B income to line 7, regardless of where it should be allocated. If income needs to be apportioned to another line (such as Row 1), in "Alloc Wks", "Capital Gain or Loss Allocation Smart Worksheet", enter an offsetting negative value for Line B, which will zero out Line 7, and then you can apportion the amount from A to the correct lines. For example, if all of the Schedule B income should be apportioned entirely to Line 1 and the amounts total to $100, then A will be auto-calculated as 100, manually enter -100 as B, and then enter 100 in Line 1. In this case, Line 7 will be  zero'd out and 100 will be placed in Line 1. Column D totals will correctly match the totals from IT-203-F Schedule B.

@nivin this seemed to work! thank you 🙂

Which version of TurboTax desktop are you using? I'm using the Mac version and am unable to create multiple IT-203-Fs, even if I try to scroll past the first.

@ck1328

I'm using Windows; however, I can only create multiple IT-203-F Schedule Bs in Forms mode. Step-by-Step mode only allows for a single Schedule B, even tho the instructions say that multiple Schedule Bs can be generated.

I see. I'm on Mac and I am using forms mode, but the scrolling trick doesn't seem to work for me. 

@nivin Which edition of TurboTax are you using? I am using the premier.

I'm also using Premier. Contact Support and let them know you can't generate multiple IT-203-F Schedule Bs? I had to deal with a bunch of issues with Form 2210 last year, and I was finally routed to a tax preparer/CPA that was able to confirm the issue and a future update fixed the issue.

If you share your screen with Support, the instructions in Step-by-Step mode clearly state that multiple Schedule Bs can be generated by scrolling -- that doesn't work in the Windows version either. That text alone should be enough for them to open an internal bug report?

I can create multiple IT-203-F schedule B forms using the Mac Premier version, however the software seems to still think that you need to fill out Schedule A, which is mainly for termination agreement or non-compete income.

The values in line 20 of Schedule B seem to be used nowhere in the tax return when done, it seems the software only cares about Schedule A. The NY income should include the sum of all line 20 values across all completed Schedule B forms.

I think the way around this is to not fill out IT-203-F forms, instead fake a allocation number via percentage method, then at the end, manually edit the NY (and other state, if any) forms to use the real value as determined by filling out IT-203-F by hand, and instead print out and mail the NY return with your hand-edited IT-203-F forms.

Intuit needs to fix this to support filling out Schedule B only and using the sum of all Schedule B values as the final return value.

@indigojeffreyjIf it's helpful, I'm filing as a non-resident (IT-203) and for IT-203-F I have an empty Schedule A and multiple Schedule Bs. In the NY "Alloc Wks" form, "Capital Gain or Loss Allocation Smart Worksheet" has a checkbox (which I have checked) to allocate using form IT-203-F. All Schedule B Line 20 values are totaled together and entered in Line A, which results in an allocation on Line 7 (capital gain or loss). I then offset the amount in Line B (Line A * -1) to zero out line 7, and place the amount of Line A into Line 1 (wages, salaries, tips, etc.) column D. At least for my tax situation, my understanding is that this is the correct method to generate an accurate tax return that can be efiled. The 2021 TurboTax PDF output is also the same as non-resident returns that I have efiled in prior years where IT-203-F was an attached PDF.

@nivin oh wow, seems super hacky but I just tried it and seems to work for me too. They really should fix this, amazing that you found how to make it work with what they have!

The printed tax forms (presumably equivalent to what would be e-filed) seem to include all Schedule Bs and the proper amount.

Thanks! Seems NY doesn't allow mailing the paper copies generated by TurboTax (with the barcode) so was dreading editing an entire IT-203 copying over the TurboTax values and mailing it in.

@nivin hmmm I finished filling out everything and am using your negative capital loss trick, but it thinks the forms are in an erroneous state. It still wants something to be entered into IT-203-F Schedule A, and it really doesn't like the negative capital gains entry in the worksheet.

However, looking at the forms preview, it looks correct relative to my tax year 2020 forms (I was a part-year NY resident, moved to another state permanently then, had to fill out IT-203-F).

Have you successfully e-filed both federal and state forms? I wonder if it will let me do that because it thinks there are errors in it though?

@indigojeffreyjI have not efiled yet and won't be able to file for a few more weeks. In Forms mode, if I click the  "Errors" button it shows "Great News! Your return has no errors"; however, if I revisit NY taxes in Step-by-Step mode, TurboTax claims that my NY taxes are not done and when I get to the "Capital Gain and Loss Allocation Summary" screen there's an error message "Your total New York capital gains should not exceed the Federal capital gain or loss amount" if I use the same value as I did in Forms mode to zero out NY cap gains. I'm unable to advance beyond that screen unless I enter a wrong value. After entering the bogus value, I can later go into Forms mode and enter an offsetting value that zeros out Line 7. After that point, as long as I don't restart NY taxes from scratch, TurboTaxes appears to be "good" with the values entered.