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  • Ny It-203-gr-att-b 2022

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Page 1 of 2IT203GRATTB (2023) Legal name of partnershipSpecial NY State identification numberSchedule B Nonresident partners qualifying and participating in a Yonkers group return (complete as many.

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How to fill out the NY IT-203-GR-ATT-B online

Filling out the NY IT-203-GR-ATT-B form online is a straightforward process that helps ensure accurate reporting for nonresident partners in a Yonkers group return. This guide provides clear, step-by-step instructions to assist users in completing the form with confidence.

Follow the steps to successfully complete your form.

  1. Click the ‘Get Form’ button to access the NY IT-203-GR-ATT-B form and open it in the editor.
  2. Begin by entering the legal name of the partnership and the special NY State identification number at the top of the form.
  3. Proceed to Schedule B. Fill in the names and addresses of nonresident partners in either alphabetical order or order by their Social Security numbers in column A.
  4. In column B, enter each partner’s Social Security number. Ensure that the number entered here matches the one on page 2 in column B2.
  5. In column C, record the federal net earnings from self-employment for each partner.
  6. Next, complete column D by allocating any amounts from column C to Yonkers as instructed.
  7. Fill out column E with any exclusion amounts as specified in the instructions.
  8. At the end of Schedule B, calculate and enter the totals from all Schedule B forms on the last sheet, leaving blank the other total boxes.
  9. On page 2, repeat entering the legal name of the partnership. Then, reaffirm the Social Security numbers in column B2.
  10. Continue by calculating Yonkers taxable earnings in column F by subtracting column E from column D.
  11. In column G, compute the Yonkers nonresident earnings tax by multiplying the amount in column F by .005.
  12. Record the Yonkers estimated income tax paid in column H, which is the amount paid with Form IT-370.
  13. Calculate the balance due in column I by subtracting the amount in column H from column G.
  14. Finally, determine any overpayment in column J by subtracting column H from column G.
  15. Once the form is completely filled out, save your changes, and choose to download, print, or share the completed NY IT-203-GR-ATT-B form.

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The pass-through entity tax must be paid by a partnership or New York S corporation to another jurisdiction on income derived from that jurisdiction and subject to tax under Article 22. This includes any taxes paid by an LLC treated as a partnership or S corporation for New York State tax purposes.

PTE tax allows an entity taxed as a partnership or S Corporation to make a tax payment on behalf of its partners. The business pays an elective tax of 9.3% of qualified net income to the Franchise Tax Board.

Desktop: New York Form IT-203-B Nonresident and Part-Year Resident Income Allocation. New York Form IT-203-B is used to allocate income to the state during the period of the taxpayer's (and spouse's) period of nonresidency and to indicate where in the state the taxpayer and/or spouse maintained living quarters, if any.

For those eligible entities, the NYC PTET can help reduce a partner's or shareholder's allocable share of the entity's federal taxable income and be used as a work-around to the $10,000 limitation on the federal deduction of an individual's state and local taxes.

You must file Form IT-203, Nonresident and Part-Year Resident Income Tax Return, if you: were not a resident of New York State and received income during the tax year from New York State sources, or. moved into or out of New York State during the tax year.

The NY State PTET tax rates are as follows: $2,000,000 of taxable income: 6.85% Over $2,000,000 up to $5,000,000: 9.65% Over $5,000,000 up to $25,000,000: 10.3%

There are nine income tax brackets in New York: 4%, 4.5%, 5.25%, 5.5%, 6%, 6.85%, 9.65%, 10.3%, and 10.9%. Each one corresponds to a bracket of income, which varies depending on filing status.

For 2023, the threshold is taxable income up to $364,200 if married filing jointly, or up to $182,100 if single. If your income is within this threshold, your pass-through deduction is equal to 20% of your qualified business income (QBI).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232