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New York New York Partnership Return
Extracted from PDF file 2023-new-york-form-it-204-ip.pdf, last modified August 2007New York Partnership Return
IT-204-IP Department of Taxation and Finance New York Partner’s Schedule K-1 Tax Law – Article 22 (Personal Income Tax) 23 For calendar year 2023 or tax year beginning and ending Final K-1 Amended K-1 Partners: Before completing your income tax return, see Form IT-204-IP-I, Partner’s Instructions for Form IT-204-IP (available at www.tax.ny.gov). Partnership’s information (see instructions) 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 % C Business allocation percentage................................................................................................................................ C Partner’s information (see instructions) Partner’s name Partner’s identifying number Partner’s address City State D 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 Individual Estate/trust Partnership E What is the tax filing status of the partner? (Mark an X in the appropriate box, if known.) F If the partner is a disregarded entity or grantor trust, enter the tax ID of the entity or individual reporting the income, if known ................................ F G H I J Did the partner sell its entire interest during the tax year? ................................................................................. G Yes Beginning Partner’s share of profit, loss, and capital % 1) Profit ............................................................................................................................... H1 % 2) Loss................................................................................................................................ H2 % 3) Capital ............................................................................................................................ H3 Partner’s share of liabilities at the end of the year 1) Nonrecourse ............................................................................................................................. I1 2) Qualified nonrecourse financing................................................................................................ I2 3) Recourse ................................................................................................................................... I3 Partner’s capital account analysis 1) Beginning capital account......................................................................................................... J1 2) Capital contributed during the year – cash .............................................................................. J2 3) Capital contributed during the year – property.......................................................................... J3 4) Current year increase (decrease)............................................................................................. J4 5) Withdrawals and distributions – cash........................................................................................ J5 6) Withdrawals and distributions – property.................................................................................. J6 7) Ending capital account.............................................................................................................. J7 8) Method of accounting (mark an X in the appropriate box) Tax basis GAAP Book Other (submit explanation) K Resident status (mark an X in all boxes that apply; see instructions) NYS full-year resident Yonkers full-year resident NYC full-year resident NYS part-year resident Yonkers part-year resident NYC part-year resident NYS nonresident Yonkers nonresident L If the partner was included in a group return, enter the special NYS identification number, if known...... L 118001230094 No Ending % % % Page 2 of 5 IT-204-IP (2023) M Was Form IT-2658-E filed with the partnership? ............................................................................................. M Yes No Date Amount N NYS estimated tax paid on behalf of partner (from Form IT-2658-NYS) 1) First installment .............................................................................. N1 2) Second installment.......................................................................... N2 3) Third installment ............................................................................. N3 4) Fourth installment........................................................................... N4 Total NYS estimated tax paid on behalf of partner (add lines N1 through N4)........................................ N Date Amount O Estimated MCTMT paid on behalf of partner (from Form IT-2658-MTA) 1) First installment .............................................................................. O1 2) Second installment.......................................................................... O2 3) Third installment ............................................................................. O3 4) Fourth installment........................................................................... O4 Total estimated MCTMT paid on behalf of partner (add lines O1 through O4)........................................ O P Did the partnership elect to pay the pass-through entity tax (PTET) for the current tax year? ....................... P Yes No If Yes, what residency status was assigned to this partner for purposes of computing the pass-through entity taxable income (PTE taxable income)? (Mark an X in the appropriate box; see instructions) Resident Nonresident Partner’s share of income, deductions, etc. A – Partner’s distributive share items B – Federal K-1 amount C – New York State amount 1 Ordinary business income (loss)......................................... 1 1 2 Net rental real estate income (loss) ................................... 2 2 3 Other net rental income (loss)............................................. 3 3 4 Guaranteed payments........................................................ 4 4 5 Interest income................................................................... 5 5 6 Ordinary dividends ............................................................. 6 6 7 Royalties............................................................................. 7 7 8 Net short-term capital gain (loss) ....................................... 8 8 9 Net long-term capital gain (loss)......................................... 9 9 10 Net section 1231 gain (loss) .............................................. 10 10 11 Other income (loss) Identify: 11 11 12 Section 179 deduction ....................................................... 12 12 13 Other deductions Identify: 13 13 14 This line intentionally left blank .......................................... 14 14 15 Net earnings (loss) from self-employment.......................... 15 15 16 Tax-exempt income and nondeductible expenses ............. 16 16 17 Distributions – cash and marketable securities................... 17 17 18 Distributions – other property ............................................. 18 18 19 Other items not included above that are required to be reported separately to partners ...................................... 19 19 Identify: 118002230094 IT-204-IP (2023) Page 3 of 5 Partner’s share of New York modifications (see instructions) 20 New York State additions Number A – Total amount 20a E A – 20b E A – 20c E A – 20d E A – 20e E A – 20 f E A – B – New York State allocated amount 21 Total addition modifications (total of column A, lines 20a through 20f)............................................... 21 22 New York State subtractions A – Total amount Number 22a E S – 22b E S – 22c E S – 22d E S – 22e E S – 22 f E S – B – New York State allocated amount 23 Total subtraction modifications (total of column A, lines 22a through 22f).......................................... 23 24 Additions to itemized deductions Letter Amount 24a 24b 24c 24d 24e 24 f 25 Total additions to itemized deductions (add lines 24a through 24f)................................................. 25 26 Subtractions from itemized deductions Letter Amount 26a 26b 26c 26d 26e 26 f 27 Total subtractions from itemized deductions (add lines 26a through 26f)........................................ 27 28 This line intentionally left blank ................................................................................................... 28 118003230094 Page 4 of 5 IT-204-IP (2023) Partner’s other information 29a 9b 2 29c 29d 29e Partner’s share of New York source gross income ..................................................................... MCTD Zone 1 allocation percentage (see instructions) ................................................................. MCTD Zone 2 allocation percentage (see instructions) ................................................................. Partner’s share of receipts from the sale of goods by manufacturing ......................................... Partner’s share of New York adjusted basis of qualified manufacturing property ....................... 29a 29b % 29c % 29d 29e Partner’s credit information Part 1 – Flow-through credit bases and information Brownfield redevelopment tax credit (Form IT-611, IT-611.1, or IT-611.2) A – Form IT-611 30 Site preparation credit component ............................. 30 31 Tangible property credit component ........................... 31 32 On-site groundwater remediation credit component...... 32 B – Form IT-611.1 33 This line intentionally left blank ..................................................................................................... 33 34 This line intentionally left blank ..................................................................................................... 34 35 This line intentionally left blank ..................................................................................................... 35 QEZE tax reduction credit (Form IT-604) 36 QEZE employment increase factor................................................................................................ 36 37 QEZE zone allocation factor.......................................................................................................... 37 38 QEZE benefit period factor............................................................................................................ 38 Excelsior jobs program tax credit (Form IT-607) 39 Excelsior jobs tax credit component.............................................................................................. 39 40 Excelsior investment tax credit component ................................................................................... 40 41 Excelsior research and development tax credit component.......................................................... 41 42 Excelsior real property tax credit component ................................................................................ 42 42a Excelsior child care services tax credit component ...................................................................... 42a armers’ school tax credit (Form IT-217) F 43 Acres of qualified agricultural property........................................................................................... 44 Acres of qualified conservation property........................................................................................ 45 Eligible school district property taxes paid .................................................................................... 46 Acres of qualified agricultural property converted to nonqualified use........................................... Other flow-through credit bases and information Credit bases Code Amount 47a 47b 47c 47d 47e 47 f Credit information Code Information 47g 47h 47 i 47j 47k 47l 118004230094 Code Amount Code Information 43 44 45 46 C – Form IT-611.2 IT-204-IP (2023) Page 5 of 5 Partner’s credit information (continued) Part 2 – Flow-through credits, addbacks, and recaptures 48 Long-term care insurance credit (Form IT-249) ............................................................................... 48 49 Investment credit (including employment incentive credit and historic barn rehabilitation credit; Form IT-212).... 49 50 Research and development – investment credit (Form IT-212) ...................................................... 50 50a Investment credit using eligible farmer’s rate (Form IT-212) ........................................................... 50a 51 Other flow-through credits Code Amount Code Amount 51a 51e 51b 51 f 51g 51c 51d 51h 52 Addbacks of credits and recaptures Code Amount 52a 52b 52c Code Amount 52d 52e 52 f Part 3 – START-UP NY tax elimination credit information (Form IT-638) 53 START-UP NY business certificate number (Form DTF-74) ............................................................. 53 54 Year of START-UP NY business tax benefit period ....................................................................... 54 55 START-UP NY area allocation factor ............................................................................................ 55 118005230094
Form IT-204-IP New York Partner’s Schedule K-1 Tax Year 2023
More about the New York Form IT-204-IP Corporate Income Tax Tax Return TY 2023
The instructions are for the partner. Partnership instructions are in Form IT-204-I.
We last updated the New York Partnership Return in January 2024, so this is the latest version of Form IT-204-IP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-204-IP directly from TaxFormFinder. You can print other New York tax forms here.
Related New York Corporate 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-IP.
| 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-CP | New York Corporate Partner's Schedule K-1. |
| 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-IP from the Department of Taxation and Finance in January 2024.
Form IT-204-IP is a New York Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New York Form IT-204-IP
We have a total of twelve past-year versions of Form IT-204-IP 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-IP
Form IT-204-IP New York Partner’s Schedule K-1 Tax Year 2023
2022 Form IT-204-IP
Form IT-204-IP New York Partner’s Schedule K-1 Tax Year 2022
2021 Form IT-204-IP
Form IT-204 Partnership Return Tax Year 2021
2020 Form IT-204-IP
Form IT-204 Partnership Return Tax Year 2020
2019 Form IT-204-IP
Form IT-204:2019:Partnership Return:it204
2018 Form IT-204-IP
Form IT-204:2018:Partnership Return:it204
2017 Form IT-204-IP
Form IT-204:2017:Partnership Return:it204
2016 Form IT-204-IP
Form IT-204:2016:Partnership Return:it204
2015 Form IT-204-IP
Form IT-204-IP:2015:New York Partner’s Schedule K-1:it204ip
2014 Form IT-204-IP
Form IT-204-IP:2014:New York Partner’s Schedule K-1:it204ip
2013 Form IT-204-IP
Form IT-204-IP:2013:New York Partner’s Schedule K-1:it204ip
2012 Form IT-204-IP
Form IT-204-IP:2012:New York Partner’s Schedule K-1:it204ip
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