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Level 1
January 31, 2024
Discussion ongoing

ny partnership IT-204IP interest income non-resident allocations

Related products:Lacerte
  • January 31, 2024
  • 1 reply
  • 8 views

Unlike Lacerte's S corp module, the partnership module does not give the preparer the ability to specially allocate to non-resident partners interest or dividend income on their IT-204IP. This income may or may not be taxable to the non-resident partner & the practioner (if they know) should be able to allocate -0- in the NY column of the IT-204IP.

1 reply

February 1, 2024

Thanks for the idea to specially allocate to non-resident partners interest or dividend income on their IT-204IP in the partnership module. We are changing the status to "Open for voting".

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