NYS Modification codes - Decoupling from OBBA
It is frustrating to hear that unless NYS revises it’s instructions Lacerte won’t revise the forms to accommodate the new codes A-225 and S-221. These codes are required by NYS to account for the continued amortization of R&E expenses.
At this point, I have not found any indication that Intuit has announced a specific release date for the Lacerte update that will implement New York's recent OBBBA decoupling changes, including the new modification codes A-225 (addition) and S-221 (subtraction) for the continued amortization of R&E expenses. I searched for release notes and announcements but nothing has been published yet. (RSM US)
Given where we are in the filing season, I would expect Intuit to issue an update relatively soon because:
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New York's budget was signed in late May and applies retroactively to 2025 tax years. (RSM US)
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The new law requires New York to continue amortizing both domestic and foreign R&E expenditures over five years rather than following the federal OBBBA treatment. (RSM US)
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These changes require new New York addition and subtraction modifications (A-225 and S-221), so they cannot be handled correctly without software changes. (RSM US)
