Open topic with navigation

CCH Axcess Tax

New York Additions and Subtractions to Income and Itemized Deductions

The following adjustments carry form the federal return to the New York Form IT-225. Do not duplicate these entries on the New York Income / Deductions worksheet.

• Interest on U.S. obligations
• Municipal bond interest from states other than New York
• Work opportunity credit
• Income and unincorporated business taxes
• New York depreciation
• Federal ACRS depreciation
• Year of disposition adjustment

Use the New York Income/Deductions worksheet to enter detail for other additions and subtractions to income to Form IT-225, and additions and subtractions to federal itemized deductions. Supporting statements are printed for Section 8, lines 111 and 113. To specially allocate this information use the Special Allocations worksheet. There are several ways to allocate other additions to and subtractions from income and itemized deductions entered in this section:

• Allocate to all partners by their respective profit or loss ratios by making entries only in the "Description" and "Amount".
• Specially allocate entries in the "Description" and "Amount" fields by using the "Partner Number" or "Ratio ID Number" field for that line.
• Enter the special allocation code on the Special Allocations worksheet for each item as follows:
  • 34000 Other Additions to Income
  • 34050 Other Additions to Income - NYS Allocated Amount
  • 34200 Additions to Federal Itemized Deductions
  • 34100 Other Subtractions to Income
  • 34150 Other Subtractions to Income - NYS Allocated Amount
  • 34300 Subtractions from Federal Itemized Deductions

For additional information concerning special allocation and the various special allocation methods, refer to the instructions for the Special Allocations worksheet.