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Level 6
October 12, 2022
Solved

Reporting foreign account on NY IT-203

  • October 12, 2022
  • 1 reply
  • 8 views

I have a person filing IT-203 as a part year NY resident for 4 months. The rest of the year he was out of the country and had a bank account there. 

At the top of IT-203 page 1, question D1 reads "did you have a financial account located in a foreign country?" I would like to mark it yes for accuracy (not sure what this entails but I don't want to omit anything), but the value is automatically calculated. And as of now it is marked "no." 

How do I change this so that it is correct? 

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Best answer by sjrcpa

The federal Schedule B has the same question. Try answering it there and see if it also populates for NY.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
October 12, 2022

The federal Schedule B has the same question. Try answering it there and see if it also populates for NY.

The more I know the more I don’t know.
ejdtaxmanAuthor
Level 6
October 12, 2022

Bingo! thanks

He has no investment income and therefore no Schedule B, so it would never occur to me to do this. Not exactly a model of good programming...