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April 5, 2024
Question

NYS Form IT-203 Non Resident Adjustment for Market Discount on US Treasuries, Row 27, Federal Column

  • April 5, 2024
  • 1 reply
  • 0 views

TT is properly including market discount on US Treasury in Federal return and NJ resident return.

In NYS non resident return, properly included in Line 2 of Fed Col.

However the market discount is not being included as NY subtraction in row 27, Fed column.

How do I increase the amount subtracted in row 27, Fed column to reflect market discount on US Treasuries?

TIA.

    1 reply

    Finny_njAuthor
    April 5, 2024

    I am able to enter an adjustment to increase NY subtractions on line10a of NY form IT-225, adj code S-121 for the mkt discount. 

     

    Is this the correct way to capture in TT?