George4Tacks
Level 15

I enter the whole of a Schedule E that you describe to NY, including all depreciation items. Toward the bottom of Screen 18 is Other Information > Percentage of source income ... (PR/NR)[O]

 

Percent of Source Inc. (.xxxx or 1 If 100 Percent) (PY/NR)[O]

General Information Screens 18; Codes 504,511

This input field applies to state part-year and nonresident returns only. Enter, in .xxxx format, the percentage of income that represents source income taxable to the nonresident/part-year state (e.g., enter 10% as .10). The program multiplies each item from this schedule by the percentage entered to determine the source income taxable to the state. If the entire amount of income is source income, leave this field blank.

Note: The 2020 program uses State Identifiers to source income. An entry in "Percent of Source Income" (Screen 18, code 504) overrides the allocation of income or loss. For more information about State Identifiers and source income, refer to "Multi-State Clients" in the 2020 Operator's Help System.

 

See Also: Multi-State Income Allocation Guidelines


Answers are easy. Questions are hard!