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New York New York Corporate Partner's Schedule K-1.
Extracted from PDF file 2023-new-york-form-it-204-cp.pdf, last modified August 2007New York Corporate Partner's Schedule K-1.
IT-204-CP Department of Taxation and Finance New York Corporate Partner’s Schedule K-1 Tax Law – Article 9-A 23 For calendar year 2023 or tax year beginning and ending Final K-1 Amended K-1 Partners: Before completing your franchise tax return, see Form IT-204-CP-I, Partner’s Instructions for Form IT-204-CP (available at www.tax.ny.gov). Partnership’s information Partnership’s name (as shown on Form IT-204) Partnership’s EIN A Mark an X in the box if either applies to your entity Publicly traded partnership Portfolio investment partnership B Tax shelter registration number, if any ........................................................................................... B Partner’s information (see instructions) Partner’s name Partner’s EIN Partner’s address City State C The partner is a (mark an X in the appropriate box) ZIP code General partner or LLC member-manager Limited partner or other LLC member D What is the New York tax filing status of the partner? (Mark an X in the appropriate box, if known.) C corporation S corporation Partnership E If the partner is a disregarded entity, enter the EIN of the entity reporting the income of the partner (if known)................................................................................................................. E F Did the partner sell its entire interest during the tax year?.................................................................................. F Yes No Beginning Ending G Partner’s share of profit, loss, and capital 1) Profit ............................................................................................................................... G1 % % 2) Loss ............................................................................................................................... G2 % % 3) Capital ............................................................................................................................ G3 % % H Partner’s share of liabilities at the end of the year 1) Nonrecourse ............................................................................................................................ H1 2) Qualified nonrecourse financing .............................................................................................. H2 3) Recourse .................................................................................................................................. H3 I Partner’s capital account analysis 1) Beginning capital account .......................................................................................................... I1 2) Capital contributed during the year – cash ................................................................................ I2 3) Capital contributed during the year – property............................................................................ I3 4) Current year increase (decrease)............................................................................................... I4 5) Withdrawals and distributions – cash ......................................................................................... I5 6) Withdrawals and distributions – property.................................................................................... I6 7) Ending capital account ............................................................................................................... I7 8) Method of accounting (mark an X in the appropriate box) Tax basis 117001230094 GAAP Book Other (submit explanation) Page 2 of 11 IT-204-CP (2023) J Was Form CT-2658-E filed with the partnership? ............................................................................................... J Yes K NYS estimated tax paid on behalf of partner (from Form CT-2658) No Date Amount 1) First installment ............................................................................... K1 2) Second installment .......................................................................... K2 3) Third installment .............................................................................. K3 4) Fourth installment ........................................................................... K4 Total NYS estimated tax paid on behalf of partner (add lines K1 through K4) ........................................ K Partner’s share of entire net income (ENI) information when the corporate partner’s New York tax filing status is a C corporation ENI addition modifications 1 Total additions............................................................................................................................... A – Number B – Amount 1a EA – 1b EA – 1c EA – A – Number B – Amount 1d EA – 1e EA – 1f EA – ENI subtraction modifications 2 Total subtractions.......................................................................................................................... A – Number 2a ES – 2b ES – 2c ES – 1 B – Amount A – Number 2 B – Amount 2d ES – 2e ES – 2f ES – Partner’s proportionate part of assets and liabilities (for New York C corporate partners only) Average value 3 Total assets................................................................................................................................... 4 Real property and marketable securities included on line 3 ........................................................ 5 Real property and marketable securities at fair market value (FMV)............................................ 6 Average value of adjusted total assets......................................................................................... 7 Total liabilities ............................................................................................................................... 8 Liabilities directly attributable to business capital ....................................................................... 9 Liabilities directly attributable to investment capital .................................................................... 117002230094 3 4 5 6 7 8 9 IT-204-CP (2023) Page 3 of 11 Partner’s proportionate part of items related to investment capital under Article 9-A (for New York C corporate partners only) Part 1 – Investment capital that generates income claimed not taxable by New York under the U.S. Constitution Description of asset (identify each asset, and enter number of shares (if applicable) and date acquired here; for each asset complete columns D through G on the corresponding lines below; enter only directly owned assets in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. A – Description of asset Item A B C D E F Item D Number of shares sold, if applicable E Date sold B – Number of shares acquired, if applicable F Average FMV G Liabilities directly attributable C – Date acquired H Net average FMV A B C D E F Total from additional sheet(s) ..................................... Total from partnerships ............................................... 10 Total proportionate part of columns F and G (see instructions) ............................. 10 Part 2 – Investment capital – stocks actually held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. A B C D E F Item B – Number of shares acquired A – Name/CUSIP/CINS/lot number Item D Number of shares sold E Date sold A B C D E F Total from additional sheet(s) ..................................... Total from partnerships ............................................... 11 Total proportionate part of columns F and G (see instructions) ............................. 11 117003230094 F Average FMV G Liabilities directly attributable C – Date acquired H Net average FMV Page 4 of 11 IT-204-CP (2023) Part 3 – Investment capital – stocks presumed held more than one year Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns F and G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. A – Name/CUSIP/CINS/lot number Item A B C D E F Item D Number of shares sold E Date sold B – Number of shares acquired F Average FMV G Liabilities directly attributable C – Date acquired H Net average FMV A B C D E F Total from additional sheet(s) ..................................... Total from partnerships................................................ 12 Total proportionate part of columns F and G (see instructions) ............................. 12 Part 4 – Total investment capital 13 Total average FMV and liabilities directly attributable (add lines 10, 11, and 12 in columns F and G)......... 13 Part 5 – Prior year investment capital – stocks that did not meet holding period requirement Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D through G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s)) For each item listed, in columns A through G, enter the information for the partnership as a whole. A – Name/CUSIP/CINS/lot number Item A B C D E F Item D Number of shares sold E Date sold A B C D E F Total from additional sheet(s) ..................................... Total from partnerships ............................................... 14 Total proportionate part of columns F and G (see instructions) ............................. 14 117004230094 F Average FMV as previously reported B – Number of shares acquired G Liabilities directly attributable as previously reported C – Date acquired H Net average FMV IT-204-CP (2023) Page 5 of 11 Part 6 – Prior year gross investment income for stocks that did not meet holding period requirement 15 Prior year presumed gross investment income from stocks presumed in the prior year to be held more than one year that failed to meet the presumption (see instructions) ......................... 15 Partner’s share of items related to investment and other exempt income under Article 9-A (for New York C corporate partners only) 16 Gross exempt cross-article dividends .......................................................................................... 17 Gross exempt controlled foreign corporation (CFC) income........................................................ 18 Gross exempt unitary corporation dividends ............................................................................... 19 Gross investment income from investments generating income not taxable by New York State under the U.S. Constitution ............................................................................................. 20 Dividend income from investment capital from stocks actually held more than one year........... 21 Net capital gains or losses from investment capital from stocks actually held more than one year ........................................................................................................................... 22 Dividend income from investment capital from stocks presumed held more than one year........ 16 17 18 19 20 21 22 Partner’s share of items related to interest deductions directly attributable to investment and other exempt income under Article 9-A (for New York C corporate partners only) 23 Interest expense per federal Form 1065, line 15.......................................................................... 24 Interest deductions directly attributable to income reported on line 16 ...................................... 25 Interest deductions directly attributable to income reported on line 17 ...................................... 26 Interest deductions directly attributable to income reported on line 18 ...................................... 27 Interest deductions directly attributable to income reported on line 19 ...................................... 28 Interest deductions directly attributable to income reported on line 20 ...................................... 29 Interest deductions directly attributable to income reported on line 21 ...................................... 30 Interest deductions directly attributable to income reported on line 22 ...................................... 31 Interest deductions directly attributable to business capital ..................................................... 23 24 25 26 27 28 29 30 31 Partner’s share and proportionate part of items related to subtraction modification for qualified banks 32 Qualified residential loan portfolio assets .................................................................................... 32 33 Gross interest income from qualifying loans ................................................................................ 33 33a Gross interest income from all loans ........................................................................................... 33a 33b Gross interest expense from all loans ......................................................................................... 33b Partner’s share and proportionate part of items related to manufacturing 34 Total receipts from the sale of goods by manufacturing .............................................................. 34 35 New York adjusted basis of qualified manufacturing property...................................................... 35 35a Number of employees employed in manufacturing in New York.................................................. 35a 117005230094 Page 6 of 11 IT-204-CP (2023) Partner’s share of New York modifications (for New York S corporate partners only) 36 New York State additions A – Total amount Number 36a 36b 36c 36d 36e 36f E A – E A – E A – EA– EA– EA– 37 Total addition modifications (total of column A, lines 36a through 36f)................................................ 37 38 New York State subtractions A – Total amount Number 38a E S – 38b E S – 38c E S – 38d E S – 38e E S – 38f E S – 39 Total subtraction modifications (total of column A, lines 38a through 38f)........................................... 39 40 Additions to itemized deductions Letter Amount 40a 40b 40c 40d 40e 40f 41 Total additions to itemized deductions (add lines 40a through 40f)................................................... 41 42 Subtractions from itemized deductions Letter Amount 42a 42b 42c 42d 42e 42f 43 Total subtractions from itemized deductions (add lines 42a through 42f).......................................... 43 117006230094 IT-204-CP (2023) Page 7 of 11 Partner’s share of income, deductions, etc. (from federal Form 1065, Schedule K-1) Partner’s distributive share items 44 Ordinary business income (loss) ................................................................................................. 44 45 Net rental real estate income (loss) ............................................................................................. 45 46 Other net rental income (loss) ..................................................................................................... 46 47 Guaranteed payments ................................................................................................................. 47 48 Interest income ............................................................................................................................ 48 49 Ordinary dividends ....................................................................................................................... 49 50 Royalties ...................................................................................................................................... 50 51 Net short-term capital gain (loss) ................................................................................................. 51 52 Net long-term capital gain (loss)................................................................................................... 52 53 Net section 1231 gain (loss) ........................................................................................................ 53 54 Other income (loss) ..................................................................................................................... 54 Identify: 55 Section 179 deduction ................................................................................................................. 55 56 Other deductions ......................................................................................................................... 56 Identify: 57 Tax-exempt income and nondeductible expenses ....................................................................... 58 Distributions – cash and marketable securities ........................................................................... 59 Distributions – other property ....................................................................................................... 60 Other items not included above that are required to be reported separately to partners ............ Identify: 57 58 59 60 Partner’s credit information (see instructions) Part 1 – Flow-through credit bases and information Brownfield redevelopment tax credit (Form CT-611, Form CT-611.1, or Form CT-611.2) A – Form CT-611 B – Form CT-611.1 61 Site preparation credit component ............................ 61 62 Tangible property credit component .......................... 62 63 On-site groundwater remediation credit component .... 63 64 This line intentionally left blank .................................................................................................... 64 65 This line intentionally left blank .................................................................................................... 65 EZE tax reduction credit (Form CT-604-CP) Q 66 QEZE employment increase factor............................................................................................... 66 67 QEZE zone allocation factor......................................................................................................... 67 68 QEZE benefit period factor .......................................................................................................... 68 Excelsior jobs program tax credit (Form CT-607) 69 Excelsior jobs tax credit component ............................................................................................ 69 70 Excelsior investment tax credit component ................................................................................. 70 71 Excelsior research and development tax credit component ........................................................ 71 72 Excelsior real property tax credit component ............................................................................... 72 72a Excelsior child care services tax credit component ..................................................................... 72a 117007230094 C – Form CT-611.2 Page 8 of 11 IT-204-CP (2023) Partner’s credit information (continued) Farmers’ school tax credit (Form CT-47) 73 Acres of qualified agricultural property......................................................................................... 74 Acres of qualified conservation property....................................................................................... 75 Eligible school district property taxes paid ................................................................................... 76 Acres of qualified agricultural property converted to nonqualified use ........................................ Other flow-through credit bases and information Credit bases Code Amount 77a 77b 77c 77d 77e 77f Credit information Code Information 77g 77h 77i 77j 77k 77l 73 74 75 76 Code Amount Code Information Part 2 – Flow-through credits, addbacks, and recaptures 78 Flow-through credits Code Amount 78a 78e 78b 78f 78g 78c 78d 78h 79 Addbacks of credits and recaptures Code Amount 79a 79b 79c Code Amount Code Amount 79d 79e 79f Part 3 – START-UP NY tax elimination credit information (Form CT-638) 80 START-UP NY business certificate number (Form DTF-74) ........................................................... 80 81 Year of START-UP NY business tax benefit period ..................................................................... 81 82 START-UP NY area allocation factor ........................................................................................... 82 Partner’s share of apportionment and Metropolitan Commuter Transportation District (MCTD) information Part 1 1 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box)........... Yes No 2 During the reporting year, did the partnership do business, employ capital, own or lease property, maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box)................... Yes No Average value of property 3 Real estate owned ................................................................................... 3 4 Real estate rented ................................................................................... 4 5 Inventories owned .................................................................................... 5 6 Tangible personal property owned ........................................................... 6 7 Tangible personal property rented ........................................................... 7 117008230094 A – MCTD B – New York State IT-204-CP (2023) Page 9 of 11 Part 2 Receipts from: Section 210-A.2 1 Sales of tangible personal property ........................... 2 Sales of electricity ..................................................... 3 Net gains from sales of real property ........................ Section 210-A.3 4 Rentals of real and tangible personal property .......... 5 Royalties from patents, copyrights, trademarks, and similar intangible personal property ......................... 6 Sales of rights for certain closed-circuit and cable TV transmissions of an event ................................. Section 210-A.4 7 Sale, licensing, or granting access to digital products... 7a Sale, licensing, or granting access to digital products... 8 This line intentionally left blank.................................. Section 210-A.5(a)(2)(A) 9 Interest from loans secured by real property ............. 10 Net gains from sales of loans secured by real property .... 11 Interest from loans not secured by real property . 12 Net gains from sales of loans not secured by real property ..................................................... Section 210-A.5(a)(2)(B) 13 Interest from federal debt .......................................... 14 15 Interest from NYS and its political subdivisions debt. 16 Net gains from federal, NYS, and NYS political subdivisions debt . 17 Interest from other states and their political subdivisions debt .................................................. 18 Net gains from other states and their political subdivisions debt ................................................... Section 210-A.5(a)(2)(C) 19 Interest from asset-backed securities and other government agency debt ....................................... 20 Net gains from government agency debt or asset-backed securities sold through an exchange... 21 Net gains from all other asset-backed securities ....... Section 210-A.5(a)(2)(D) 22 Interest from corporate bonds ................................... 23 Net gains from corporate bonds sold through broker/dealer or licensed exchange ....................... 24 Net gains from other corporate bonds ....................... Section 210-A.5(a)(2)(E) 25 Net interest from reverse repurchase and securities borrowing agreements ............................................ Section 210-A.5(a)(2)(F) 26 Net interest from federal funds .................................. Section 210-A.5(a)(2)(I) 27 Net income from sales of physical commodities ....... Section 210-A.5(a)(2)(J) 28 Marked to market net gains ....................................... 117009230094 A MCTD 1 2 3 4 5 6 7 7a 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 B New York State C Everywhere Page 10 of 11 IT-204-CP (2023) Part 2 Receipts from: Section 210-A.5(a)(2)(H) 210-A.5(a)(2)(G) 29 Interest from other financial instruments ................... 29 30 Net gains from other financial instruments ................ 30 30a Net gains from other financial instruments (broker/dealer/exchange) ....................................... 30a 30b Other income from other financial instruments.......... 30b 30c Other income from other financial instruments (broker/dealer/exchange)........................................... 30c 30d Dividends from stock that is business capital............ 30d 30e Net gains from sales of stock that is business capital.... 30e 30f Net gains from sales of partnership interests................. 30f Section 210-A.5(b) 31 Brokerage commissions ............................................ 31 32 Margin interest earned on behalf of brokerage accounts 32 33 Fees for advisory services for underwriting or management of underwriting ................................ 33 34 Receipts from primary spread of selling concessions 34 35 Receipts from account maintenance fees ................. 35 36 Fees for management or advisory services .............. 36 37 Interest from an affiliated corporation ........................ 37 Section 210-A.5(c) 38 Interest, fees, and penalties from credit cards .......... 38 39 Service charges and fees from credit cards .............. 39 40 Receipts from merchant discounts ............................ 40 41 Receipts from credit card authorizations and settlement processing ............................................ 41 42 Other credit card processing receipts ........................ 42 Section 210-A.5(d) 43 Receipts from certain services to investment companies 43 44 This line intentionally left blank ................................. 44 Section 210-A.6 45 Receipts from railroad and trucking business ........... 45 Section 210-A.6-a 46 Receipts from the operation of vessels ..................... 46 Section 210-A.7 47 Receipts from air freight forwarding .......................... 47 48 Receipts from other aviation services ....................... 48 Section 210-A.8 49 Advertising in newspapers or periodicals .................. 49 50 Advertising on television or radio .............................. 50 51 Advertising via other means ...................................... 51 Section 210-A.9 52 Transportation or transmission of gas through pipes . 52 Section 210-A.10 53 Receipts from other services/activities not specified . 53 53a Receipts from other services/activities not specified. 53a 117010230094 A MCTD B New York State C Everywhere IT-204-CP (2023) Page 11 of 11 A MCTD Payroll B New York State 54 Wages and other compensation of employees except general executive officers 54 55 Average number of individuals employed full time in New York State (excluding employees with partnership-wide authority) ............................................................................................................................. 55 Gross proceeds or receipts from certain sales (for apportionment purposes) (see instructions) 56 Sales of loans secured by real property ................. 57 Sales of loans not secured by real property ........... 58 Sales of other asset-backed securities ................... 59 Sales of corporate bonds ........................................ 60 Sales of physical commodities................................. A MCTD B New York State 56 57 58 59 60 Marked to market net gain or loss from deemed sales (for apportionment purposes) 61 Of loans secured by real property .............................................................................................. 62 Of loans not secured by real property ....................................................................................... 63 Of federal debt instruments ....................................................................................................... 64 Of New York State and its political subdivisions debt instruments ............................................. 65 Of other states and their political subdivisions debt instruments ............................................... 66 Of government agency debt or asset-backed securities (through exchange) ........................... 67 Of all other asset-backed securities ........................................................................................... 68 Of corporate bonds through licensed exchange or broker/dealer .............................................. 69 Of other corporate bonds ........................................................................................................... 70 Of physical commodities ............................................................................................................ 71 Of other financial instruments of one type ................................................................................. 61 62 63 64 65 66 67 68 69 70 71 Items related to repurchase agreements and securities borrowing/lending agreements 72 73 74 75 76 77 Value of reverse repurchase agreements when partnership is purchaser/lender....................... Value of borrowing agreements when partnership is securities borrower................................... Value of repurchase agreements when partnership is seller/borrower....................................... Value of lending agreements when partnership is securities lender........................................... Interest income from reverse repurchase agreements and securities borrowing agreements... Interest expense from repurchase agreements and securities lending agreements.................. 117011230094 72 73 74 75 76 77 C Everywhere
Form IT-204-CP New York Corporate Partner’s Schedule K-1 Tax Year 2023
More about the New York Form IT-204-CP Individual Income Tax Amended Return TY 2023
The instructions are for the partner. Partnership instructions are in Form IT-204-I.
We last updated the New York Corporate Partner's Schedule K-1. in January 2024, so this is the latest version of Form IT-204-CP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-204-CP directly from TaxFormFinder. You can print other New York tax forms here.
Related New York Individual Income Tax Forms:
TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York Form IT-204-CP.
| Form Code | Form Name |
|---|---|
| Form IT-204-LL | Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form |
| Form IT-204 | Partnership Tax Return |
| Form IT-204-IP | New York Partnership Return |
| Form IT-204.1 | New York Corporate Partners' Schedule K |
View all 272 New York Income Tax Forms
Form Sources:
New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-204-CP from the Department of Taxation and Finance in January 2024.
Form IT-204-CP is a New York Individual Income Tax form. An amended tax return is used to correct errors or omissions in a previously-filed tax return. While taxpayers will not generally be punished simply for correcting an error in a previous return, errors that resulted in an underpayment of owed tax can sometimes result in penalties or interest owed.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of New York Form IT-204-CP
We have a total of twelve past-year versions of Form IT-204-CP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IT-204-CP
Form IT-204-CP New York Corporate Partner’s Schedule K-1 Tax Year 2023
2022 Form IT-204-CP
Form IT-204-CP New York Corporate Partner’s Schedule K-1 Tax Year 2022
2021 Form IT-204-CP
Form IT-204-CP New York Corporate Partner’s Schedule K-1 Tax Year 2021
2020 Form IT-204-CP
Form IT-204-CP New York Corporate Partner’s Schedule K-1 Tax Year 2020
2019 Form IT-204-CP
Form IT-204-CP:2019:New York Corporate Partner’s Schedule K-1:it204cp
2018 Form IT-204-CP
Form IT-204-CP:2018:New York Corporate Partner’s Schedule K-1:it204cp
2017 Form IT-204-CP
Form IT-204-CP:2017:New York Corporate Partner’s Schedule K-1:it204cp
2016 Form IT-204-CP
Form IT-204-CP:2016:New York Corporate Partner’s Schedule K-1:it204cp
2015 Form IT-204-CP
Form IT-204-CP:2015:New York Corporate Partner’s Schedule K-1:it204cp
2014 Form IT-204-CP
Form IT-204-CP:2014:New York Corporate Partner’s Schedule K-1:it204cp
2013 Form IT-204-CP
Form IT-204-CP:2013:New York Corporate Partner’s Schedule K-1:it204cp
2012 Form IT-204-CP
Form IT-204-CP:2012:New York Corporate Partner’s Schedule K-1:it204cp
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