[PDF] Form IT-225-I:2014:Instructions for Form IT-225 New York State

View - Download Form IT-225-I:2014:Instructions for Form IT-225 New York State

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General information

Complete Form IT-225 and submit it with your return to report any New York additions and subtractions that do not have their own line on your return. Refer to the charts found on pages 13-16 for a listing of addition be entered on this form.

Special symbols

The following symbols alert you to important information and

Caution Time-saving tipLine instructions

Mark an

X which you are submitting Form IT-225. Use the instructions below to determine which parts of this form you should complete. If more than one set of instructions applies, follow all the instructions that apply to you.

Individuals, partnerships, and estates or trusts

additions. subtractions. estate or trust. estate or trust.New on page 2. Note: partnership. You would enter 102 and the applicable amounts a separate Form IT-225 listing the additional addition or

Instructions for Form IT-225

IT-225-I

Schedule A - New York State additions

you: Part 1 - Individuals, partnerships, and estates or trusts

Line 1

Line 5

If you receive the

same amount on one line.

Line 9

Enter the line 9 amount as follows:

23.

Federal amountNew York State

amount

Estates and trusts:

line 65.

Partnerships:

Page 2 of 16 IT-225-I

Schedule B - New York State subtractions

you: Part 1 - Individual, partnerships, and estates or trusts

Line 10

Line 14

total amount on one line.

Line 18

line 31.

Federal amountNew York

State amount

Estates and trusts:

Partnerships:

New York State addition and

you will refer to an chart starting on page 13 for information on which forms the

Nonresident individuals

Total amount

or subtractions that must be added to or subtracted from your

NYS allocated amount

Part-year residents

the additions and subtractions that relate to your New York NYS allocated amount column the portion of any of the additions are from real or tangible personal property located in New York Payments for charitable purposes (estates and trusts only) paid or set aside for charitable purposes.

S corporation shareholders

they are attributable to the period for which the election to be If you were not eligible to make the election to treat your

IT-225-I Page 3 of 16

to you since they apply only to electing and nonelecting New return due to the disposition of stock or indebtedness of an

New York State additions

A-101 (IRC 125) an amount was deducted or deferred from your salary under a then enter this amount. Certain other New York City public employers include: A-102

Income from certain obligations of U.S.

government agencies or instrumentalities If then enter that income. If you are uncertain whether a particular federal bond

Need help? in the instructions for the return

A-103 New York's 529 college savings program distributions established under New York's then enter in the

Total amount

the worksheet below.

Full-year resident individuals:

Part-year resident individuals only:New

York State allocated amount

Partnerships: If

from an account established under New York's 529 college then enter the amount of the withdrawal on disbursed in cash or in-kind from the college savings program and the funds are not used for the higher education of the reinvested in New York's 529 college savings program within

New York's 529 college

do not include any funds are used. Note:

Transfers between accounts of family members not

considered distributions and are therefore not amounts applicable to accounts that were closed in a prior share of any amounts withdrawn or contributed by a partnership

Also note:

A-104

414(h) retirement contributions

Individuals:

............... 1 contributions to your ......................... 2 .................... 3 .................... 5 ........................................ 6 0 return.

Worksheet

Page 4 of 16 IT-225-I

If then enter that amount. Note:

These are retirement contributions made by:

or or or or deferred compensation plan. A-105 deduction If then A-106 adjustment If property on which you paid a special additional mortgage then of the credit allowed. A-107 Sales or dispositions of assets acquired from decedents Note: gain or loss on the sale or disposition of those assets. If assets that had been inherited or sold or disposed of directly by and and then enter the difference between A-108

Disposition of solar and wind energy systems

If and and and

basis of the property but did not reduce the federal basis by then enter the amount of the credit you had previously claimed.

A-109

New business investment; deferral recognition

If term capital gain from your federal income because that amount then enter the amount that had been previously subtracted. A-110 (QETI) If you elected to defer the gain from the sale of QETI because then A-111 If your federal income includes a deduction for interest then

If your federal income includes a deduction for the amortization of bond premiums on bonds whose interest then enter that amortized premium.

If then A-112 surcharge If you or a decedent were a career pension plan member of and was deducted from salary for health insurance and the welfare then enter that amount. A-113

Interest income on state and local bonds and obligations (but not those of New York State or its local governments)

Individuals:

Estates and trusts:

IT-225-I Page 5 of 16

Interest income on obligations of other states or political interest you received during the year plus the accrued interest should have received this information when you purchased or sold the bond. A-114

Form 4970 accumulation distributions of trusts

If

Tax on Accumulation Distribution

of Trusts IRC considers the distribution part of federal gross income. You must therefore enter the amount of income you reported on Form 4970, line 1, less any interest income on state and local bonds and obligations of New York State and its local governments A-115

Special accruals

determinable and you have an unrestricted right to receive it. information on special accruals. If then enter your A-117

Incomplete gift non-grantor trust

If you transferred property to an incomplete gift non-grantor then treated as an incomplete gift under IRC section 2511 and its

If NoNew York State subtractions.

If Yes

A-201 adjusted gross income (AGI) If then you must enter the amount of amount. Note: Partnership, Limited Liability Company, and Limited Liability

Partnership Filing Fee Payment Form,

Estates and trusts:

S corporation shareholders:

If you are a shareholder of a and then A-202

Percentage depletion

If you claimed a deduction on your federal return for percentage then enter the amount deducted in computing your A-203

Safe harbor leases (IRC section 168(f)(8))

If then A-204

Safe harbor leases

If then you must enter the income that would have been included in A-205

Accelerated cost recovery system (ACRS) deduction

If or then enter the amount that was deducted in computing your

New York State

Depreciation Schedule

(continued)

Page 6 of 16 IT-225-I

complete Form IT-399 to determine the amount to enter. The amount to enter should be provided to you by the entity of which A-206

ACRS property; year of disposition adjustment

If you disposed of property that was depreciated for federal then you must complete

New York State Depreciation Schedule

A-207 If and then A-208 If return with respect to a sport utility vehicle that weighs more Instructions for Form IT-217, Claim for Farmers' School Tax

Credit)

then enter the amount of that deduction. Note: If a partner is an eligible farmer for purposes of the sport utility vehicle is any four-wheeled passenger vehicle sport utility vehicle the trade or business of transporting persons or property for truck is any vehicle that has a primary load-carrying device compartment. A-209

IRC section 168(k) property depreciation

If you claimed a and if then

New York State Depreciation

Schedule for IRC Section 168(k) Property

amount to enter should be provided to you by the entity of which A-210

Special depreciation

If or then to these items that was deducted in computing federal income

Special

Depreciation Schedule

amount to enter should be provided to you by the entity of which A-211 Royalty and interest payments made to a related member or members their federal return for certain royalty payments for the use of payments they made to a related member or members. Include the amount for any such payments you deducted in computing A-212

Environmental remediation insurance premiums

If you paid premiums for environmental remediation insurance and you claimed a deduction for such premiums and you also

Claim for Environmental Remediation Insurance

Credit

then enter the amount of the environmental remediation insurance credit allowed. A-213

Domestic production activities deduction

If you claimed an IRC section 199 domestic production activities then enter the amount deducted. A-214

Metropolitan commuter transportation mobility

If you claimed a federal deduction for the MCTMT imposed then enter the amount deducted. A-215

NOL deduction limitation

If then complete the

NOL Worksheet

Net Operating

Losses (NOLs) for New York State Resident Individuals, Estates, and Trusts . Enter the amount from line 6 of the worksheet as

Total amount

New

York State allocated amount column.

A-216 If

Manufacturer's Real Property Tax Credit

then enter the amount of the federal deduction for real property

IT-225-I Page 7 of 16

A-217 services If telecommunication services and you also claimed the

START-UP NY Telecommunication

Services Excise Tax Credit

then enter the amount of the telecommunication services credit.

Additions A-301 through A-304 apply to

S corporation shareholders only.

A-301 If then A-302

S corporation shareholders; pass-through loss

or deduction items If then of loss or deduction you took into account in computing your A-303

S corporation shareholders

If and then enter these distributions. A-304 S corporation shareholders; disposition of stock or indebtedness with increased basis or was a New York C corporation. If you reported a federal gain or loss because of the disposition and that then enter the increase in the basis of the stock or indebtedness that is due to not in effect.

EA-901

If then well as any additions to or subtractions from federal itemized

New York State subtractions

S-101

START-UP NY wages

If then paid to you by an approved business are to be subtracted income. approved business. S-102

Build America Bond (BAB) Interest

income. S-103

New York's 529 college savings program deduction

If contributions to one or more tuition savings accounts established under

New York's

then enter Total amount column only. share of contributions made by a partnership of which you are a partner.

Page 8 of 16 IT-225-I

Part-year resident individuals only:New York

State allocated amount

Estates, trusts, and partnerships:

If partnership made contributions as the account owner to one or

New York's

then enter that amount. S-104

New York's 529 college savings program

distributions If an account established under New York's 529 college savings then enter that amount in the Total amount column only.

Part-year resident individuals only:New York

State allocated amount

Estates, trusts, and partnerships:

If partnership made a withdrawal from an account established under

New York's

then enter that amount included in federal income. S-105

Long-term residential care deduction

If you were a resident in a continuing-care retirement community then enter the portion of the fees you paid during the year that were attributable to the cost of providing long-term care not enter more than the premium limitation shown for your age in the

Limitation table

S-106

Individuals:

If the estate or trust received pension and annuity income of a then the estate or trust may make this subtraction if Qualifying pension and annuity income does not include distributions received as a nonemployee spouse in accordance

New York court.

Note: its political subdivisions. Qualifying pension and annuity incomequotesdbs_dbs14.pdfusesText_20

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