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Level 2
February 21, 2023
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NY State Tax form IT-201

  • February 21, 2023
  • 1 reply
  • 13 views

I have a client who is a full-year resident of NY city. On her W-2, box 1 is $100K, box 15 NJ $33K and NY $67K. On form New York State form IT-201, it picks up $100K as NY state AGI. Should I adjust NY state AGI to be $67K and how do I do it ?

Thanks

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Best answer by sjrcpa

No adjustment. NY/NYC tax all of the resident's income.

If she pays tax to NJ, NY may give her a credit.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
February 21, 2023

No adjustment. NY/NYC tax all of the resident's income.

If she pays tax to NJ, NY may give her a credit.

The more I know the more I don’t know.