How is the 2021 NYS PTET tax payment made added back as a NYS addition on form IT-204 in the Proseries program?

Jhendell · ‎02-06-2022

IntuitMark304 · ‎02-08-2022

The addback for PTET tax payments is not permitted as an adjustment to the IT-204 at this time. This addition is only utilized on IT-201, IT-203 and IT-205 filings. Please see page 18 of the IT-225 instructions that details which filings can utilize the addback on the IT-225. I am also including a screen shot. Please let me know if you have additional questions.

Jhendell · ‎02-08-2022

Thank you very much! I had already finally found the answers from NYS after more research. The add back is at the personal or trust level and the credit is coded 653 on the IT-204 and related K1 forms. Thanks again!

How is the 2021 NYS PTET tax payment made added back as a NYS addition on form IT-204 in the Proseries program?

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