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Generating Form NYC-202, New York City Unincorporated Business tax return in Lacerte
by Intuit• Updated 1 month ago
Select the applicable set of instructions below for assistance with generating Form NYC-202 in the Individual module of Lacerte.
Generating NY-202 for a Schedule C sole proprietorship
- Go to Screen 16, Business Income (Sch. C).
- Scroll down to the New York Miscellaneous Information section.
- Check the box labeled New York City unincorporated business.
- Go to Screen 54, Taxes.
- Select NYC Unincorporated Business (Taxpayer) or NYC Unincorporated Business (Spouse) from the left navigation menu.
- Complete any necessary entries that didn't flow from Screen 16, Business Income (Sch. C).
- The Business Information section automatically flows to Form NYC-202 from Screen 16, Business Income (Sch. C).
Generating NY-202 for a Schedule E rental activity
- Go to Screen 18, Rental & Royalty Inc. (Sch. E).
- Scroll down to the New York Information section.
- Enter 1 or 2 in the UBT rental: 1= inside NYC, 2= outside NYC (NY) field (code 82).
o Press F1 on your keyboard while in this field to see more information about what each entry does. - Go to Screen 54, Taxes.
- Select NYC Unincorporated Business (Taxpayer) or NYC Unincorporated Business (Spouse) from the left navigation menu.
- Complete any necessary entries that didn't flow from Screen 18, Rental & Royalty Inc. (Sch. E).
Generating NY-202 for any other business activity:
- Go to Screen 54, Taxes.
- Select NYC Unincorporated Business (Taxpayer) or NYC Unincorporated Business (Spouse) from the left navigation menu.
- Complete any necessary entries.
How do I force long-form NYC-202 to generate and suppress short-form NYC-202S?
- Go to Screen 54, Taxes.
- Select NYC Unincorporated Business (Taxpayer) or NYC Unincorporated Business (Spouse) from the left navigation menu.
- Scroll down to the Miscellaneous/Compliance Information section.
- Enter 2 in the field NYC 202S: 1=when applicable, 2=suppress [O] (code 148).
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