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Level 1
February 16, 2021
Question

How can I trigger NY Form IT-230

  • February 16, 2021
  • 1 reply
  • 6 views
Client became a nonresident of New York and must report the remainder of an installment sale on his NY state return.

"You must also include the total taxable
amount of lump-sum distributions subject to the separate tax on lump-sum distributions (Form IT-230)"
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1 reply

itonewbie
Level 15
February 17, 2021

The trick is to make sure you create the NYS return under Profile, code the return for multi-state return, choose a resident state, and make sure you code each income/expense properly for state sourcing.

See these articles for detailed instructions:

https://proconnect.intuit.com/taxprocenter/practice-management/handling-multi-state-returns-in-proconnect-tax-online/

https://proconnect.intuit.com/community/multi-state-taxes/help/input-multi-state-amounts-in-proconnect-tax-online/00/5262

---------------------------------------------------------------------------------Still an AllStar