Get Ny It-558-i 2022-2025

The NY IT-558-I form is essential for certain taxpayers to report New York State adjustments due to decoupling from the Internal Revenue Code (IRC). This guide provides clear, step-by-step instructions to help you navigate and complete the form online with confidence.

Follow the steps to fill out the NY IT-558-I accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name and Social Security number (SSN) or employer identification number (EIN) as shown on Form IT-201, IT-203, IT-204, or IT-205. If filing jointly, include both names and the SSN of the primary taxpayer.
3. Mark an X in the appropriate box to identify the return you are submitting with Form IT-558.
4. Determine which parts of the form are applicable to you based on your partner, shareholder, or beneficiary status.
5. Complete Schedule A, Part 2, to report your New York additions from a partnership, S corporation, or estate/trust.
6. Complete Schedule B, Part 2, to report your New York subtractions from a partnership, S corporation, or estate/trust.
7. If you have more than seven entries for additions or subtractions, submit a separate Form IT-558.
8. Enter the New York State addition adjustments that apply to you in the corresponding lines as indicated in the form.
9. For subtraction adjustments, ensure you enter the correct codes and totals in the designated sections.
10. Review all entries for accuracy and completeness before submitting the form with your income tax return.
11. Save changes, download, print, or share the form as needed after completing the necessary sections.

Complete your forms online for convenience and accuracy.