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kpajonas0
Returning Member

Why is IT-204-IP Unavailable for Entry?

I have a multi-state K-1 that includes Federal, New York and New Jersey K-1.  Both the NJ and Federal modules allow for entry of the K-1 fields directly.  With NY State, there is no way to enter the fields in the IT-204-IP.  (I also entered my NY state personal information at least a dozen times and it didn't save it)

 

What's the deal?  I also paid the extra $50 to get phone support and spent 1.5 hours on the phone with a very nice lady who had no idea how to help me.

 

Why doesn't the NY K-1 module work like the NJ K-1 module?

 

I think my 25 year run of using Turbotax ends in 2025.

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1 Reply
DavidD66
Expert Alumni

Why is IT-204-IP Unavailable for Entry?

Different states have different rules for how K-1 information is entered so it flows to the right place on the New York return.  New York doesn't provide an input format that mirrors the IT-204-IP.  Everything flows to the New York return from the federal return and then adjustments to federal amounts are entered.  There are fields in the New York return where you can enter amounts reported on the IT-204 so that the federal amounts are adjusted for the New York return. 

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