Question

How do I correct form IT360.1TP on the New York return? The numbers are not flowing from the federal return.

Forum|Forum|1 year ago
March 5, 2025
1 reply
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The New York state return correctly subtracts the federal interest income but the New York City allocation is not flowing.

LenaH

You have to allocate the New York portion based on the amount of time you lived in New York City and the income you earned while a resident.

For example - if you earned interest evenly throughout the the year, you would allocate 50% of your interest in the NYC Column. If, on the other hand, you earned all your interest while a NYC resident, you would allocate 100% of your interest in the NYC Column.

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