NYC-2.2 Subtraction Modification
The New York City form NYC-2.2 Subtraction Modification for Qualified Banks and Other Qualified Lenders automatically populates Schedule F of this form with figures from the STATE form CT-2.2.
The figures to be reported on the NYC-2.2 are different than the State form. The only way to correct for this currently appears to be to Override the amount reported on Schedule A, Line 1 of the NYC-2.2. As a result of this page 2 of the NYC-2.2 is eliminated from E-filing.
So NYC receives page 1 of the NYC-2.2 with the correct Subtraction Modification deduction amount, Schedule D still shows New York State figures, and Page 2 which reports Schedule F figures is not activated for e-file and is never transmitted to NYC.
As a result of this NYC continually denies the Subtraction Modification deduction and then requires an Amended return be mailed in with the correct NYC-2.2 - which we are able to prepare a proforma copy from another tax software.
We are asking if this issue can be resolved by allowing the input of New York CITY figures which will then flow to Schedule F and Schedule D of the NYC-2.2, and be included with the electronically filed return.
