Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- New York
New York
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
dsfcpa
Level 2
06-11-2020
06:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
An individual taxpayer received Schedule K-1's (Form 1065 - partnership) from a national law firm. The taxpayer is a nonresident of NY. The partnership paid NYC Unincorporated Business taxes and New York Metropolitan Commuter Transportation Mobility Tax (MCTMT) for the business. The partner's share of the amounts paid by the firm were $2,500 for NYC Unincorporated Business Taxes and $125 for New York Metropolitan Commuter Transportation Mobility Tax.
1. Do we need to report any amounts on the NY Form IT-203, Nonresident Income Tax Return, for NYC Unincorporated Business taxes and NY Metropolitan Commuter Transportation Mobility Tax? Does the taxpayer get any credits for the amounts paid by the firm for NYC Unincorporated Business tax or MCTMT?
2. Is any of the New York income subject to NYC tax? The taxpayer is not a resident of NY.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
2 Comments 2
sjrcpa
Level 15
06-11-2020
07:06 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The partnership income is subject to NY state income tax only.
NYC cannot tax nonresident partnership income.
The more I know, the more I don't know.
dsfcpa
Level 2
06-11-2020
07:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for the reply, Sjrcpa. I appreciate it.
We will report the partnership income on the NY return. I noted there is no NYC tax on nonresident partnership income.
Just to confirm - we do not need to report the payments made by the partnership for NYC Unincorporated Business Taxes or NY MTCTM on the NY nonresident tax return, correct?
Related Topics
