Get It 112 R Form

The IT-112-R Form is essential for New York State residents wishing to claim credits for taxes paid to another state, local government, or the District of Columbia. Completing this form accurately ensures you receive any refunds you may be entitled to and avoids potential penalties.

Follow the steps to fill out the form effectively.

1. Click 'Get Form' button to obtain the IT-112-R Form and open it in your online editing tool.
2. Begin by entering your identifying number as shown on your tax return and your name(s) as it appears on the return in the designated fields.
3. Proceed to Part 1 and enter the amounts for wages, salaries, tips, and other forms of income as detailed in the form. Be meticulous in following the order of income sources provided.
4. In line 16, add together all sources of income from lines 1 through 15 to compute your total income.
5. Next, complete lines 17, 18, and 19 by calculating your federal adjustments to income and making necessary New York adjustments as directed in the instructions.
6. Continue to Part 2 to calculate your resident credit for taxes paid. Enter the required two-letter abbreviation of the state or locality where taxes were paid and the corresponding tax amounts as instructed.
7. In lines 26 to 30, follow the calculations prescribed to determine your eligible credit amount, including any additional IT-112-R forms that may apply.
8. Move to Part 3, where you will compute any outstanding tax due before credits and incorporate the calculated credit in the designated areas on lines 31 to 34.
9. Finally, complete Part 4 with totals related to tax withheld, overpayments, and balances due from your return filed with the other jurisdiction. Ensure all sections are filled out accurately.
10. Once all sections are complete, you may save your changes, download, print, or share the IT-112-R Form for submission.

Take action today to ensure your taxes are filed correctly by completing the IT-112-R Form online.