NY SMALL BUSINESS MODIFICATION (S-201)

[mvan]

I believe lacerte is not calculating form CT-225 & IT-225 subtraction modification S-201 small business modification (s corp, ptr, and schedule c). Also when I override it in Path thru modules it does not flow to individual. 1. is that correct? 2. are you working to fix this?

[jamesgsk]

We are in NY and need to know more about this NOW. Agreed. This should be calculating an the entity return and pass thru. 

[jamesgsk]

We got confirmation from NY you can do it if your "non-farm" business has lass than $250k in net income and less than 1.5m in reciepts, NY receipts and at least 1 employee. However it all needs to be done manually, as lacerte is not doning it.  And it maybe seems like we are asking a lot from lacerte because there a lot of requirements on this.