Question

I need a Schedule B Part 2 Code for form IT-225. What is it?

Forum|Forum|2 years ago
February 24, 2024
1 reply
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This is for New York state.

TurboTax Deluxe Online

It depends.

NY Form IT-225 is to report additions and subtractions to your state income. Schedule B, part 2 is specifically used to reflect subtractions to your New York state income for activities related to partners, shareholders, and beneficiaries. These amounts would typically be reported to you on a Schedule K-1.

Please see this guide to help you in finding the applicable code and what it reflects based upon your specific situation.

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