I have a Federal (1065) K-1 with a rental loss of approx 21K
There is also a NYS K-1 with a Modification/addition on line 20b of +20K
I know where to input but I cant seem to find what this code "EA 209" represents
Thank you
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google shows this...could this be what its referring to?
A-209 IRC section 168(k) property depreciation
With the exception of resurgence zone property and New York
liberty zone property described in IRC section 1400L(b)(2), New
York State does not follow the federal depreciation rules for
IRC section 168(k) property placed in service inside or outside
New York State on or after June 1, 2003. If you claimed a
depreciation deduction for such property, and if no exception for
resurgence zone or New York liberty zone property applies, then
complete Part 1 of Form IT-398, New York State Depreciation
Schedule for IRC Section 168(k) Property, to determine the
amount to enter. Submit Form IT-398 with your return.
Partners, shareholders, and beneficiaries - Do not
complete Form IT-398 to determine the amount to enter. The
amount to enter should be provided to you by the entity of which
you are a partner, shareholder, or beneficiary.
google shows this...could this be what its referring to?
A-209 IRC section 168(k) property depreciation
With the exception of resurgence zone property and New York
liberty zone property described in IRC section 1400L(b)(2), New
York State does not follow the federal depreciation rules for
IRC section 168(k) property placed in service inside or outside
New York State on or after June 1, 2003. If you claimed a
depreciation deduction for such property, and if no exception for
resurgence zone or New York liberty zone property applies, then
complete Part 1 of Form IT-398, New York State Depreciation
Schedule for IRC Section 168(k) Property, to determine the
amount to enter. Submit Form IT-398 with your return.
Partners, shareholders, and beneficiaries - Do not
complete Form IT-398 to determine the amount to enter. The
amount to enter should be provided to you by the entity of which
you are a partner, shareholder, or beneficiary.
I was unable to find where to enter any EA or ES codes for NY modifications. I only see 'A' or 'S' codes as choices. How did you input your codes?
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