Property Tax Relief Credit on NYS Form IT-196

[nmartinelli19]

Form IT-196 for NYS - you have to reduce real estate taxes with Property Tax Relief received and Start credits received via Check. There is a question that asks you this, you enter it but its not doing anything to reduce itemized deductions in that section. It tells you that you need to but won't do it.

[EdithM]

This information entered in the New York State interview is needed for certain computations (such as underpayment penalty form IT-2105.9, and question on page 1 of the IT-201 or IT-203) on the NY state return, but real estate taxes are entered in the federal interview, that number needs to be adjusted there, Deductions & Credits section.

[Q4AA]

@EdithM  But there is nowhere do do this "Deductions & Credits" section. It get's the taxes from our 1098 and then there is not place where it asks to enter STAR or reduce it manually. Where can we enter this reduction?

[EdithM]

In the Deductions & Credits section, "Your Home" is near the top.  There is a line to start entering property tax information there.  Adjust any amount entered there from the 1098 by STAR credit received, as a reduction.