Get Instructions For Form It-230 - Tax.ny.gov - New York State

Filling out tax forms can be daunting, but with the right guidance, you can complete the Instructions For Form IT-230 with ease. This guide offers clear steps and supportive information to help you navigate the process effectively.

Follow the steps to successfully complete Form IT-230.

1. Press the ‘Get Form’ button to obtain the form and access it in your editor.
2. Begin by entering your name as it appears on your tax return and your identification number in the designated fields.
3. For Part 1, indicate whether you used federal Form 4972 to figure your federal tax on lump-sum distributions. If yes, submit this form along with a copy of federal Form 4972. If no, do not continue with the form.
4. Complete Part 2 if applicable, using the relevant figures from federal Form 4972. For example, multiply the capital gain amount from line 1 by 5.4% for New York State, and if you're a full-year New York City resident, also calculate using the New York City column.
5. Follow instructions for Part 3 if you spent any time as a resident. Carefully subtract and calculate amounts as indicated, following the lines of the form.
6. If you reach the 10-year tax option section, perform the necessary calculations and input your results in the appropriate lines.
7. Once you complete all parts of the form, save your changes. You can download, print, or share the completed form as needed.

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