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4/15 filing deadline for Forms 1040, 1041, and 1120 is now closed. Perfection period in progress! Check out Hot Topics here.
4/15 filing deadline for Forms 1040, 1041, and 1120 is now closed. Perfection period in progress! Check out Hot Topics here.
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NY Star Credit
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amacpa
Level 3
03-12-2026
08:13 PM
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Sharing my experience with NY Star Credit, which on the NY form 196 will automatically reduce Line 6 'State and Local real estate taxes' but it doesn't reduce \ adjust the real estate taxes on Schedule A.
If you reduce real estate taxes on Schedule A by this credit, it will twice reduce it on NY form 196.
If instead of this, you record a negative on Schedule A 'Other Taxes', the eFile will bounce the return for the negative amount.
The only work around I figured to do is override NY form 196 Line 6 'State and Local real estate taxes' for the correct amount but the itemized detail for this will not print.
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