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Generating NY Form IT-204-LL in the partnership module in Lacerte

by Intuit•8• Updated 1 year ago
  1. Go to Screen 1, Client Information.
  2. Scroll down to the Miscellanous Info section.
  3. Select Limited Liability Company or Limited Liability Partnership from the Type of Entity dropdown field.
  4. Go to Screen 43, Other Forms.
  5. From the left menu, select New York IT-204-LL.
  6. Scroll down to the New York Source Gross Income section.
  7. Enter the preceding tax year amounts in the column B - New York Source Gross Income.
    • These amounts should proforma from the prior year of Lacerte. New clients will need to enter these amounts manually.

Form IT-204-LL should now generate with the correct filing fee on line 5, "NYS filing fee..." according to the filing fee table from the 2020 Instructions for Form NY IT-204-LL.

  1. Go to Screen 1, Client Information.
  2. Scroll down to the Miscellanous Info section.
  3. Select General Partnership or Limited Partnership from the Type of Entity drop down field.
  4. Go to Screen 43, Other Forms.
  5. From the left menu, select New York IT-204-LL.
  6. Scroll down to the New York Source Gross Income section.
  7. Enter the preceding tax year amounts in the column B- New York Source Gross Income.
    • These amounts should proforma from the prior year Lacerte. New clients will need to enter these amounts manually.

Form IT-204-LL will now generate for a regular partnership (those that are not an LLC or LLP) that's required to file a New York partnership return with income, gain, loss, or deduction from NY sources and has NY source gross income for the preceding tax year of at least $1 million.

From the Instructions for Form IT-204-LL: From the table below, find the amount of the New York source gross income reported on line 4 and enter the corresponding amount of the NYS filing fee on line 5. If the amount entered on line 4 is less than $1,000,000, or the partnership had no New York source gross income, no New York State filing fee is due. Don't file this form.

If the New York source gross income on partnership line 4 is:Enter on line 5:
$1,000,000$500
If the New York source gross income on line 4 is more than:But not more than:Enter on line 5:
$1,000,000$5,000,000$1,500
$5,000,000$25,000,000$3,000
$25,000,000$4,500
  1. Go to Screen 1, Client Information.
  2. Scroll down to the Miscellanous Info section.
  3. Select Limited Liability Company from the Type of Entity dropdown menu.
  4. Go to Screen 43, Other Forms.
  5. From the left menu, select New York IT-204-LL.
  6. Enter the ID number of entity/individual reporting income or loss of LLC disregarded entity (code 7).

Form IT-204-LL will now generate with Part III, lines 6 and 7 completed.

  1. Go to Screen 1, Client Information.
  2. In the Electronic Return section, check the New York Limited Liability box.
  • To e-file Form IT-204-LL, the return must be generated with the correct information. Follow the applicable instructions above to generate this form in the program.
  • Form IT-204-LL can be transmitted by checking the box NY-IT-204LL while using the E-file Return wizard.
Lacerte Tax
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