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Level 3
January 13, 2021
Question

NY IT-201 calculations

  • January 13, 2021
  • 4 replies
  • 22 views

NYS IT-201 return is not calculating the federal above-the-line charitable contribution adjustment ($300.00). Line 19 shows the total wages as federal AGI and then adds the $300.00 as a NY addition to income resulting in a higher and incorrect amount.

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4 replies

itonewbie
Level 15
January 13, 2021

Why do you believe it's wrong?  It was widely publicized that NYS decoupled with various provisions in the CARES Act.  You can refer to the instructions of IT-558 for details of the necessary adjustments.

---------------------------------------------------------------------------------Still an AllStar
IRonMaN
Level 15
January 13, 2021

Every once in awhile those instructions come in handy  😀

Slava Ukraini!