Department of Taxation and Finance
                                                                                                                        IT-204-I
                                       Instructions for Form IT-204
                                       Partnership return and related forms

For 2020:                                                                • Empire State film production and Empire State film
                                                                           post-production tax credits
General changes                                                            Several amendments were made to these credits. See
• Decoupling from certain federal provisions                               Form IT-248, Empire State Film Production Credit,
  For tax years beginning before January 1, 2021, the                      Form IT-261, Empire State Film Post-Production Credit, and
  2020-2021 New York State budget (Part WWW of Chapter 58                  their instructions.
  of the Laws of 2020) decoupled personal income tax from any            • Excelsior jobs program tax credit
  amendments made to the Internal Revenue Code (IRC) after                 This credit has been extended through tax year 2039. In
  March 1, 2020. This includes changes made by the federal                 addition, enhancements have been made to the program
  Coronavirus Aid, Relief, and Economic Security (CARES)                   to add tax credits for green projects aimed at reducing
  Act and any other federal changes to the IRC. Therefore, any             greenhouse gas emissions and supporting the use of clean
  amendments made to the IRC after March 1, 2020 will not                  energy. For more information on this credit, visit the Empire
  apply to New York State or New York City personal income                 State Development website at www.esd.ny.gov.
  tax. See Form IT-558, New York State Adjustments Due to
  Decoupling from the IRC, and its instructions.
                                                                         New credits
• START-UP NY program applications                                       • Employer-provided childcare credit
  The application deadline for businesses that want to                     Beginning with tax year 2020, there is a credit available to
  participate in the START-UP NY program has been                          taxpayers who are allowed the federal employer-provided
  extended to December 31, 2025. For more information on                   childcare credit under Internal Revenue Code section 45F.
  this program, visit the Empire State Development website                 See Form IT-652, Employer-Provided Childcare Credit, and its
  at www.esd.ny.gov and see TSB-M-13(7)C, (6)I, (11)M,                     instructions.
  (1)MCTMT, (7)S, SUNY Tax-Free Areas to Revitalize and
  Transform Upstate New York Program.                                    • Recovery tax credit
• New York call center jobs act                                            Beginning with tax year 2020, there is a credit available
                                                                           to businesses hiring eligible individuals in recovery from a
  As of June 30, 2020, an employer intending to relocate a                 substance use disorder for part-time and full-time positions in
  call center or 30% or more of their call center employees                New York State. See Form IT-651, Recovery Tax Credit, and
  from New York to a foreign country must notify the New York              its instructions.
  State Department of Labor (DOL) at least 90 days prior to the
  move. The Commissioner of DOL will annually compile a list
  of call center employers that have relocated and post the list
  on DOL’s public website and provide a copy of the list to the
  Commissioner of Taxation and Finance.
  A call center employer that appears on the annual list will have
  several tax credits denied by the Commissioner of Taxation
  and Finance for the five tax years, excluding short tax years,
  immediately succeeding the tax year the call center employer
  appears on the annual list, provided the agreement for the tax
  credit was entered into after June 30, 2020.

Changes to existing credits 
• Rehabilitation of historic properties credit
  For tax years beginning on or after January 1, 2020, the credit
  has been expanded to include a qualified rehabilitation project
  undertaken within a state park, state historic site, or other
  land owned by the state, that is under the jurisdiction of the
  Office of Parks, Recreation and Historic Preservation. See
  Form IT-238, Claim for Rehabilitation of Historic Properties
  Credit, and its instructions.
• Hire a veteran credit
  This credit has been extended through December 31, 2021.
  See Form IT-643, Hire a Veteran Credit, and its instructions.
• Long-term care insurance credit
  For tax years beginning on or after January 1, 2020, the credit
  has been amended to allow a taxpayer (including nonresident
  and part-year resident taxpayers) to claim the credit only if
  the taxpayer’s New York adjusted gross income is less than
  $250,000. The amendment also provides that the credit
  cannot exceed $1,500. See Form IT-249, Claim for Long-Term
  Care Insurance Credit, and its instructions.

Page 2 of 30  IT-204-I (2020)                                                                          Instructions for Form IT-204

                                                                    Form IT-204-CP for each corporate partner that is taxable under 
General information                                                 Article 9-A.
                                                                    Submit a statement with your return indicating the following:
Purpose of Form IT-204
Use Form IT-204 to report income, deductions, gains, losses,        •  The partnership has no income derived from New York 
and credits from the operation of a partnership for calendar         sources.
year 2020, or other tax year beginning in 2020. All items           •  All other Article 22 partners in the partnership are 
reported on Form IT-204 or on documents included with it are         nonresidents of New York State.
subject to verification, audit, and revision by the New York State  •  There are a total of           nonresident partners.
Tax Department.
                                                                    •  If at any time in the course of an audit it is deemed necessary 
                                                                     to have copies of Forms IT-204-IP for nonresident partners, 
Who must file                                                        we will supply this information.
Partnerships are not subject to personal income tax. But every 
partnership having either (1) at least one partner who is an        Income from New York State sources includes:
individual, estate, or trust that is a resident of New York State,  1.  income attributable to the ownership of any interest in real 
or (2) any income, gain, loss, or deduction from New York State      property located in New York State (including all or a portion 
sources, must file a return on Form IT-204, regardless of the        of the gain or loss from the sale or exchange of an interest in 
amount of its income (see Specific instructions on page 4).          an entity if the entity owns real property in New York State, 
Otherwise, New York State law does not currently require a           or owns shares of stock in a cooperative housing corporation 
partnership to file a return solely because it has a partner that    where the cooperative units relating to the shares are located 
is either a partnership or corporation formed under the laws of      in New York, provided that the sum of the fair market values 
New York State, even though the partner may be responsible for       of such real property, cooperative shares, and related 
filing its own return with New York State.                           cooperative units equals or exceeds 50% of the fair market 
In addition to the information reported on Forms IT-204-IP and       value of the assets the entity has owned for at least two 
IT-204-CP, the partnership must report to each partner any           years as of the date of the sale or exchange; for additional 
additional information the partner needs for filing.                 information, see TSB-M-18(1)I, Definition of New York Source 
                                                                     Income of a Nonresident Individual Expanded), or tangible 
                                                                     personal property located in New York State;
Tiered partnerships (Regulation section 137.6)
If your partnership is a partner in another partnership             2.  income attributable to the ownership of any interest in 
(hereinafter referred to as the lower tier partnership), the source  intangible personal property to the extent that it is used in a 
and character of the distributive share of each item of your         business, trade, profession, or occupation carried on in New 
partnership to any partner of your partnership that is attributable  York State; 
to the lower tier partnership retains the source and character      3.  income attributable to a business, trade, profession, or 
determined at the level of the lower tier partnership. Such source   occupation carried on in New York State; 
and character are not changed by reason of the fact that any        4.  any gain from the sale, transfer, or other disposition of shares 
such item flows through your partnership to such partner.            of stock in a cooperative housing corporation in connection 
Example: Partnership A was a partner in another partnership, B.      with the grant or transfer of a proprietary leasehold, when 
A is referred to as the upper tier partnership while B is referred   the real property comprising the units of such cooperative 
to as the lower tier partnership. P was a nonresident individual     housing corporation is located in New York State, whether or 
partner of A.                                                        not connected with a business; and
                                                                    5.  any gain recognized by you for federal income tax purposes 
Partnership A was not engaged in a trade or business in              from the sale or transfer of a partnership interest, where the 
New York but partnership B was. Even though partnership A            sale or transfer:
was not carrying on business in New York, it had New York 
source income from the distributive shares it received from          •  is subject to the provisions of Internal Revenue Code (IRC) 
partnership B. The source and character of each item that            section 1060, and
partnership A received from partnership B retains the source and     •  occurred on or after April 10, 2017. 
character determined at the level of partnership B. For instance,    The amount of the gain to be included in New York source 
if P was a partner of A, and A was a partner of B, nonresident       income is determined in a manner consistent with the 
individual partner P would allocate its share of the NY income       applicable methods and rules for allocation under Article 22 
from B at B’s business allocation percentage. Further, if A was      in the year that the assets were sold or transferred (for 
engaged in a trade or business in NY, then P would allocate its      additional information, see TSB-M-18(2)I, Nonresident 
share of A’s income using A’s business allocation percentage         Partner’s Treatment of Gain or Loss on Certain Sales or 
and P would allocate its share of B’s income (which flows to A)      Transfers of a Partnership or Membership Interest).
at B’s business allocation percentage. This allocation method 
should be reflected on Forms IT-204 and IT-204-IP.                  A partnership carries on a business, trade, profession, or 
                                                                    occupation within New York State if (1) it maintains or operates 
                                                                    an office, shop, store, warehouse, factory, agency, or other 
Partnerships with no New York source income                         place in New York State where its affairs are systematically 
that have resident partners                                         and regularly carried on, or (2) it performs a series of acts or 
If you have no New York source income and are filing a return       transactions in New York State with regularity and continuity for 
specifically because you have an Article 22 New York resident       livelihood or profit, as distinguished from isolated or incidental 
partner, complete the entire Form IT-204 with the exception of      transactions.
Section 10. If you have any corporate partners taxable under 
Article 9-A, or you have any partners that are partnerships 
or LLCs, you must also complete Form IT-204.1. Submit a             Other forms you may have to file
Form IT-204-IP for each Article 22 resident partner (you do         Form IT-204-LL, Partnership, Limited Liability Company, and 
not have to submit Form IT-204-IP for nonresident partners)         Limited Liability Partnership Filing Fee Payment Form – 
and for each partner that is a partnership or LLC. Submit a 

Instructions for Form IT-204                                                                                 IT-204-I (2020)  Page 3 of 30

You must file Form IT-204-LL and pay a New York State filing fee      Form IT-558, New York State Adjustments Due to 
if you are:                                                           Decoupling from the IRC – To report the partnership’s addition 
•  a limited liability company (LLC) that is a disregarded entity for and subtraction adjustments made as a result of decoupling 
  federal income tax purposes that has income, gain, loss, or         from changes made to the IRC after March 1, 2020. For more 
  deduction from New York State sources; or,                          information, see Form IT-558-I, Instructions for Form IT-558. The 
                                                                      partnership should only adjust for items that are included in the 
•  a domestic or foreign LLC (including limited liability investment  partnership’s ordinary business income (loss) and should not 
  company (LLIC), limited liability trust company (LLTC)), or         adjust items that will flow to the partners as separately stated 
  limited liability partnership (LLP) that is required to file a New  items. Separately stated items will be adjusted as required at the 
  York State partnership return and that has income, gain, loss,      partner level.
  or deduction from New York State sources; or,
• a regular partnership that is required to file a New York 
  partnership return that has income, gain, loss, or deduction        When to file
  from New York State sources, and had New York source gross          Returns for calendar year 2020 are due March 15, 2021. 
  income in the preceding tax year of at least $1 million.            Fiscal-year returns are due the 15th day of the third month after 
                                                                      the end of the tax year.
For more information, see the instructions for Form IT-204-LL. 
                                                                      If a partnership is terminated and completely liquidated during 
Forms IT-2658, Report of Estimated Tax for Nonresident                its normal tax year, resulting in an accounting period of less than 
Individual Partners and Shareholders, and CT-2658,                    12 months for federal income tax purposes, the return is due 
Report of Estimated Tax for Corporate Partners – Tax Law              the 15th day of the third month after the end of the accounting 
section 658 requires the following entities that have income          period.
derived from New York State sources to make estimated tax 
payments on behalf of partners who are nonresident individuals        Use the same accounting period and method for Form IT-204 as 
or C corporations (any corporation other than a federal               you use for federal Form 1065. If you change your partnership’s 
S corporation):                                                       tax year or accounting method for your federal return, do the 
                                                                      same on your Form IT-204.
•  partnerships (other than publicly traded partnerships as 
  defined in IRC section 7704)                                        Note: The 2020 Form IT-204 may also be used for a tax year 
•  LLCs or LLPs that are treated as partnerships for federal          beginning in 2021 if: 
  income tax purposes                                                 •  the partnership has a tax year of less than 12 months that 
                                                                      begins and ends in 2021; and
For more information, see the instructions for Form IT-2658 and 
Form CT-2658.                                                         •  the 2021 Form IT-204 is not available by the time the 
                                                                      partnership is required to file its return. However, the 
In the case of an underpayment of estimated tax by the                partnership must show its 2021 tax year on the 2020 
partnership, a penalty as determined under Tax Law                    Form IT-204, and incorporate any tax law changes that are 
section 685(c) will be added to the estimated tax required            effective for tax years beginning after December 31, 2020.
to be paid. For more information, see the instructions for 
Form IT-2659, Estimated Tax Penalties for Partnerships and            The current year tax forms are generally available by 
New York S Corporations.                                              December 15th of that calendar year. Check the Tax Department 
                                                                      website (see Need help?) for the current year’s tax forms.
Form Y-204, Yonkers Nonresident Partner Allocation –
Every partnership doing business in Yonkers and having                Extension of time to file
a partner who is a nonresident of Yonkers must complete               If you need an extension of time to file, you may request an 
Form Y-204 and, show the net earnings from self-employment.           automatic extension by the due date of Form IT-204. For 
                                                                      an online application for an automatic extension of time to 
New York City unincorporated business tax                             file Form IT-204 visit our website (at www.tax.ny.gov)  . If you 
These instructions apply to the New York State partnership            prefer, you may file Form IT-370-PF, Application for Automatic 
return only. They do not apply to the New York City                   Extension of Time to File for Partnerships and Fiduciaries. 
unincorporated business tax, which is administered by the 
New York City Department of Finance. Visit the New York 
City Department of Finance website at www.nyc.gov/dof. For            Amended return, superseding return, or 
more information, see the instructions for Form NYC-204,              federal change
Unincorporated Business Tax Return for Partnerships (including 
Limited Liability Companies).                                         Form IT-204 must include the same information reported 
                                                                      on federal Form 1065, U.S. Return of Partnership Income, 
Form CT-33-D, Tax on Premiums Paid or Payable to an                   including any amended and superseding returns and any 
Unauthorized Insurer – If you purchase or renew a taxable             amended and superseding federal Schedules K-1.
insurance contract directly from an insurer not authorized to 
transact business in New York State under a certificate of            You must file an amended New York State partnership return 
authority from the Superintendent of Financial Services, you may      if you file an amended or superseding federal partnership 
be liable for a tax of 3.6% of the premium. For more information,     return, or if a federal audit of the partnership return changes 
see Form CT-33-D, Tax on Premiums Paid or Payable to an               any item of income or deduction previously reported to the 
Unauthorized Insurer for Taxable Insurance Contracts with an          Internal Revenue Service (IRS). You must file the amended 
Effective Date on or after July 21, 2011.                             New York State partnership return within 90 days of the date 
Form IT-225, New York State Modifications – To report the             the federal amended or superseding partnership return is filed 
partnership’s addition and subtraction modifications that are to      or, in the case of a federal audit, within 90 days after the final 
be added to or subtracted from the partners’ federal adjusted         determination of the change. Submit a copy of the federal report 
gross incomes (AGIs) on the partners’ New York State income           of examination changes and a signed statement indicating you 
tax returns in arriving at the partners’ New York AGIs. For more      concede the federal audit changes. If you do not concede the 
information, see Form IT-225-I, Instructions for Form IT-225.         federal audit changes, include a signed statement explaining 
                                                                      why.

Page 4 of 30   IT-204-I (2020)                                                                          Instructions for Form IT-204

You must also file an amended Form IT-204, IT-204-IP or                Do not make any entry in areas that do not apply to you unless 
IT-204-CP as applicable, and IT-204.1 to correct any error on          these instructions specifically direct you to do so; treat blank 
the original New York State partnership return, whether or not         lines as zeros.
an amended or superseding federal partnership return was 
filed for that year. Be sure to provide any amended copies of          Mark an X to fill in boxes as appropriate. Do not use a check 
Form(s) IT-204-IP and IT-204-CP to all applicable partners.            mark. Keep your Xs and numerals inside the boxes. Be careful 
                                                                       not to touch any box line.
To amend your original Form IT-204, get a blank Form IT-204 for 
the tax year to be amended and mark the Amended return box             For example, if your entry for line 1 is $23,750,500 your money 
at item C. Complete the entire Form IT-204, and Form IT-204.1          field entry on line 1 should look like this:
if applicable, entering the corrected information, and include an                         2  3  7  5  0  5  0  0
explanation of the changes. If you are amending any credit claim                  1 
form or other form, or are using any credit claim form or other        If you need to show a loss, place a minus sign immediately 
form for the first time, write Amended across the top of that form     to the left of the loss amount. Do not use [  ] brackets or 
and submit it with your amended return. Any other credit claim         parentheses. For example, a business loss of $1,024 on line 6 
form or other form that you submitted with your original return        should look like this:
must also be submitted with your amended return.
If a Form IT-204-IP or IT-204-CP contained an error, but                                           – 1  0  2  4
                                                                                  6
there are no changes to your original filed Form IT-204, 
submit a completed Form IT-204 with the Amended return                 Specific instructions
box marked at item C and submit with the return any 
Form IT-204-IP or IT-204-CP that you are amending. Only                Partnerships with New York source income must complete and 
submit the Form(s) IT-204-IP or IT-204-CP that are being               file the entire Form IT-204. Partnerships must also file specific 
amended, and mark the Amended K-1 box at the top of each               forms for each partner. See Additional forms that must be filed in 
form.                                                                  Section 1 on page 5.
                                                                       Partnerships with no New York source income that have resident 
Penalties                                                              partners must complete and file Form IT-204, with the exception 
A penalty is imposed against the partnership if the partnership        of Section 10. For more information, see the instructions under 
is required to file a partnership return and (1) fails to file the     Partnerships with no New York source income that have resident 
return on time, including extensions; (2) files a return that fails to partners on page 2.
show all the information required; or (3) fails to file an amended 
partnership return within 90 days of the date the final federal        All information on Form IT-204 should be for the calendar year 
determination or disallowance is issued or when the federal            January 1 through December 31, 2020, or for a tax year of the 
amended partnership return is filed, unless the failure is due to      partnership that began in 2020. If filing for a tax year other than 
reasonable cause and not due to willful neglect.                       a calendar year, enter the month and day the tax year began, 
                                                                       and the month, day, and year that it ended at the top of page 1.
The penalty for each month or fraction of a month (for a 
maximum of five months) that the failure continues is $50              Name and address box
multiplied by the total number of persons who were partners in         Enter in the spaces at the top of the return the exact legal 
the partnership during any part of the partnership’s tax year for      name, trade name (if any), and address of the partnership. The 
which the return is due. In counting the number of partners for        legal name is the name in which the business owns property or 
purposes of this penalty, include only individuals, estates, and       acquires debt. Enter the trade name or d/b/a (doing business as) 
trusts subject to tax under Article 22. Do not include corporations    name if different from the legal name. Also enter the business’s 
or partnerships.                                                       employer identification number (EIN), principal business activity, 
                                                                       principal product or service, and date the business was started.
Where to file
Mail your return to:                                                   NAICS business code number
STATE PROCESSING CENTER                                                Enter the six-digit NAICS business activity code number from 
PO BOX 15198                                                           Publication 910, NAICS Codes for Principal Business Activity for 
ALBANY NY 12212-5198                                                   New York State Tax Purposes.
Private delivery services – See Publication 55, Designated 
Private Delivery Services.                                             Special conditions for filing your 2020 tax return
                                                                       If the partnership qualifies for one or more of the special 
Using software?                                                        conditions below, enter the specified 2-character code(s) on the 
You must e-file if your software allows you to e-file your return,     return.
or if you are a tax preparer who is subject to the e-file mandate.     Code A6  Build America Bond (BAB) interest – Enter this 
E-file is easy, safe, and allows you to get your refund faster. Visit  code if the partnership included BAB interest in ordinary income. 
our website at www.tax.ny.gov for more information.                    For more information, see TSB-M-10(4)I, Treatment of Interest 
                                                                       Income from Build America Bonds, available on our website, and 
How to fill in the forms                                               see Form IT-225-I.
Follow these guidelines.                                                                              Enter this code for partnerships 
                                                                       Code E3  Out of the country –
Use black ink only (no red or other color ink or pencils) to print or  that keep their records and books of account outside the United 
type all entries.                                                      States and Puerto Rico and qualify for an automatic two-month 
                                                                       extension of time to file their federal returns. For more 
Do not write in dollar signs, commas, or decimal points when           information, see When to file on page 3.
making entries. All necessary punctuation has been printed on 
the form and amounts are rounded to dollars only.

Instructions for Form IT-204                                                                                            IT-204-I (2020)  Page 5 of 30

Section 1 – Partnership information                                           A partnership that is registered, or required to be registered, 
                                                                              for sales tax purposes, must pay its sales and use taxes on 
Additional forms that must be filed                                           the partnership sales tax return for purchases made by the 
Every partnership must file additional forms depending on the                 business.
type of partner as shown below:                                               A partnership operating in New York State that is not registered 
                                                                              or required to be registered for sales tax purposes must report 
       Partner type                       Form          Form             Form its sales and use tax liability by filing Form ST-130, Business 
                                          IT-204-IP IT-204-CP        IT-204.1 Purchaser’s Report of Sales and Use Tax. The tax is due within 
Individual                                X                                   20 days of the date of the first taxable use in New York State of 
                                                                              the tangible personal property or taxable service. 
Estate or trust                           X
                                                                              The following are examples of when a business located in NYS 
Partnership                               X                              X    that is not registered or required to be registered for sales and 
LLC treated as a                          X                              X    use tax purposes must pay tax directly to the Tax Department. 
partnership                                                                   These examples apply when the seller did not collect the NYS 
Article 9-A                                             X                X    tax due from the business.
corporation                                                                   • The business buys office supplies in New Jersey and brings 
                                                                                them back to New York State for use in the business.
LLC treated as                                          X                X
a corporation                                                                 • The business orders office equipment through a catalog from 
                                                                                a vendor located in Michigan. The equipment is shipped by 
                                                                                common carrier to the business in NYS.
A partnership with partners that are:
                                                                              • The business sends a fax machine to New Jersey to be 
• partnerships or                                                               repaired. The repaired fax machine is returned by common 
• LLCs treated as partnerships,                                                 carrier to the business in NYS.
must provide each partner with both Forms IT-204-IP and                       • The business takes its computer to Pennsylvania to be 
IT-204-CP, but it only files Form IT-204-IP with its Form IT-204.               repaired. The business then picks it up and returns it to its 
                                                                                office in New York State. The business owes tax on the cost 
Item A –Mark an   inXthe             Portfolio investment partnership box if    of the repairs when it brings the computer back to New York 
you meet the definition below.                                                  State for use in the business.
Portfolio investment partnership is defined as a limited                      •  The business purchases and pays sales tax on office 
partnership which meets the gross income requirement of IRC                     equipment and supplies in a locality in New York State with a 
section 851(b)(2). Income and gains from commodities (not                       lower tax rate than the rate in the locality in New York State 
described in IRC section 1221[1]) or from futures, forwards, and                in which the business is located. When the business brings 
options with respect to such commodities shall be included in                   the equipment and supplies to its office, it will owe tax for the 
income which qualifies to meet the gross income requirement.                    difference between the rate in the locality where the office 
The commodities must be of a kind customarily dealt in on an                    is located and the rate in the locality where the business 
organized commodity exchange and the transaction must be                        purchased the equipment and supplies.
of a kind customarily consummated at such place, as required 
by IRC section 864(b)(2)(B)(iii). To the extent that such a                   For additional information on when a business must pay sales 
partnership has income and gains from futures, forwards,                      and compensating use tax directly to the Tax Department, see 
and options with respect to the commodities, the income and                   TB-ST-913, Use Tax for Individuals (including Estates and 
gains must be derived by a partnership which is not a dealer                  Trusts).
in commodities and is trading for its own account as described                Item Q – If you marked Yes on federal Form 1065, Schedule B, 
in IRC section 864(b)(2)(B)(ii). The term portfolio investment                then mark an  Xin the     Yes box.
partnership shall not include a dealer (within the meaning of IRC 
section 1236) in stocks or securities.                                        Item R – Federal Public Law (P.L. 110-343) added section 457A 
                                                                              to the IRC to address the taxation of certain nonqualified 
Item F – Enter the number of partners as applicable on items                  deferred compensation.
F1, F2, and F3 and enter the total number of partners on item 
F4. Include all partners during the tax year, even if they were               If the partnership was required to report any nonqualified 
no longer partners on the last day of the tax year. If you have               deferred compensation on its 2020 federal tax return, as 
partners who are partnerships or LLCs that are treated as                     required under IRC § 457A, or if any such amounts flowed 
partnerships for federal purposes, include them on item F1 in the             through to the partnership from another pass-through entity, 
count for Article 22 partners             only. Do  not include them on item  mark an  Xin the     Yes box; otherwise mark an   in theX    No box. 
F2 in the count for Article 9-A partners.                                     This information must also be reported by the partnership to 
                                                                              its partners; see Form IT-204-IP, item P and Form IT-204-CP, 
Note: Although you must provide the Form IT-204-CP to these                   item L.
partners, only include the Form IT-204-IP for these partners 
when filing Form IT-204.
                                                                              Third-party designee
Item G – If you have any other New York tax accounts, mark                    If you want to authorize another individual (third-party 
an Xin the appropriate boxes on lines 1 and 2 and enter the                   designee) to discuss this tax return with the New York State 
identification number(s).                                                     Tax Department, mark an  in the X         Yes box in the third-party 
                                                                              designee area of your return. Also print the designee’s name, 
Item P – Mark an   inXthe            Yes box if the partnership owes NYS      phone number, email address, and any five-digit number the 
sales and compensating use tax.                                               designee chooses as his or her personal identification number 
                                                                              (PIN). If you want to authorize the paid preparer who signed your 
                                                                              return to discuss the return with the Tax Department, print the 
                                                                              preparer’s name in the space for the designee’s name and enter 

Page 6 of 30  IT-204-I (2020)                                                                                       Instructions for Form IT-204

the preparer’s phone number in the space for the designee’s           Paid preparer information
phone number. You do not have to provide the other information        For information relating to the Tax Preparer Registration 
requested. If you do not want to authorize another person, mark       Program, the signing of returns by a paid preparer (anyone you 
an  Xin the No box.                                                   pay to prepare your return), e-file mandate for paid preparers, 
If you mark the Yes box, you are authorizing the Tax Department       and other requirements relating to paid preparers, see 
to discuss with the designee any questions related to this return.    Publication 58, Information for Income Tax Return Preparers, 
You are also authorizing the designee to give and receive             and our website.
confidential taxpayer information relating to:
•  this return, including missing information,                        Section 2 – Federal ordinary business 
•  any notices or bills arising from this filing that you share with  income (loss)
  the designee (they will not be sent to the designee),               Transfer the amounts reported on federal Form 1065, page 1, to 
•  any payments and collection activity arising from this filing,     the corresponding lines on Form IT-204, Section 2. 
  and                                                                 Line 26a – If you did not claim any adjustments on Form IT-558, 
•  the status of your return or refund.                               enter the line 26 amount on line 26a. 
This authorization will not expire but will only cover matters        If you claimed any adjustments on Form IT-558, complete the 
relating to this return. If you decide to revoke this designee’s      worksheet below. 
authority at any time, call us (see Need help?).                           Do not leave line 26a blank.
You are not authorizing the designee to receive your refund, 
bind you to anything (including any additional tax liability), or                             Line 26a worksheet
otherwise represent you before the Tax Department. If you want         1  Ordinary business income (loss) reported 
someone to represent you or perform services for you beyond                (from Form IT-204, line 26) .................................  1  
the scope of the third-party designee, you must designate the 
person using a power of attorney (for example, Form POA-1,             2  Net addition adjustment (from Form IT-204, 
Power of Attorney).                                                        Section 12, line 1) .............................................  2  
                                                                       3  Add lines 1 and 2 ...........................................  3  
Signatures
A general partner must sign Form IT-204.                               4  Net subtraction adjustment (from 
                                                                           Form IT-204, Section 12, line 2) ..........................  4 
Enter your daytime telephone number including the area code. 
This entry will enable the Tax Department to correct minor errors      5  Subtract line 4 from line 3 (Enter here and on 
or omissions by calling you rather than writing or sending back            Form IT-204, line 26a) .......................................  5  
your return.
Paid preparer’s signature                                             Section 3 – Cost of goods sold
If you pay someone to prepare your return, the paid preparer          Transfer the amounts reported on federal Form 1125-A to the 
must also sign it and fill in the other blanks in the paid preparer’s corresponding lines on Form IT-204, Section 3.
area of your return. A person who prepares your return and does 
not charge you should not fill in the paid preparer’s area.           Section 4 – Balance sheets per books
Paid preparer’s responsibilities – Under the law, all paid            Transfer the amounts reported on federal Form 1065, 
preparers must sign and complete the paid preparer section of         Schedule L, to the corresponding lines on Form IT-204, 
the return. Paid preparers may be subject to civil and/or criminal    Section 4.
sanctions if they fail to complete this section in full.
When completing this section, enter your New York tax preparer        Section 5 – Reconciliation of income (loss) 
registration identification number (NYTPRIN) if you are required      per books with income (loss) per return
to have one. If you are not required to have a NYTPRIN, enter         Transfer the amounts reported on federal Form 1065, 
in the NYTPRIN excl. code box one of the specified 2-digit            Schedule M-1, to the corresponding lines on Form IT-204, 
codes listed below that indicates why you are exempt from the         Section 5. Be sure to write in the Identify boxes, where provided, 
registration requirement. You must enter a NYTPRIN or an              the type(s) and amount(s) of what is included on that specific 
exclusion code. Also, you must enter your federal preparer tax        line.
identification number (PTIN) if you have one; if not, you must 
enter your Social Security number.                                    If the partnership filed federal Schedule M-3 with federal 
                                                                      Form 1065, mark an   in theXbox and include a copy of 
Code Exemption type            Code Exemption type                    the federal Schedule M-3 and any related documents to 
                                                                      Form IT-204. Do not complete Section 5.
  01    Attorney               02       Employee of attorney
  03    CPA                    04       Employee of CPA               Section 6 – Analysis of partners’ capital 
  05    PA (Public Accountant) 06       Employee of PA                accounts
  07    Enrolled agent         08       Employee of enrolled agent    Transfer the amounts reported on federal Form 1065, 
                                                                      Schedule M-2, to the corresponding lines on Form IT-204, in this 
  09    Volunteer tax preparer 10       Employee of business          Section 6. Be sure to write in the Identify boxes, where provided, 
                                        preparing that business’      the type(s) and amount(s) of what is included on that specific 
                                        return                        line.

Instructions for Form IT-204                                       IT-204-I (2020)  Page 7 of 30

Section 7 – Partners’ share of income, 
deductions, etc.
Transfer the amounts reported on federal Form 1065, 
Schedule K to the corresponding lines on Form IT-204, 
Section 7. Be sure to write in the Identify boxes, where provided, 
the type(s) and amount(s) of what is included on that specific 
line. 
Line 97 – Enter the amount from federal Form 1065, 
Schedule K, line 11. 
Line 99 – Enter the total amount from federal Form 1065, 
Schedule K, lines 13a through 13d.
Line 102 – Enter the total amount from federal Form 1065, 
Schedule K, lines 18a through 18c.
Line 105 – Enter the total amount from federal Form 1065, 
Schedule K, lines 20a through 20c.

Section 8 – New York modifications
Lines 108 and 110 –   Complete Form IT-225 to determine the 
amounts to enter on these lines. 

Lines 111 and 113
Use only for modifications that apply to itemized deductions 
on the individual returns of partners. Exclude any amounts 
properly reportable on lines 108 and 110. Be sure to enter 
the corresponding letter and total amount of the addition to or 
subtraction from itemized deductions.

Line 111 – Additions to itemized deductions
A Interest expense on money borrowed to purchase or carry 
  bonds or securities whose interest is subject to New York 
  State income tax but exempt from federal income tax, if this 
  interest expense was not deducted on the federal return or 
  subtracted on line 110.
B Ordinary and necessary expenses paid or incurred during 
  the tax year in connection with income, or property held to 
  produce income, that is subject to New York State income tax 
  but exempt from federal income tax, if these expenses were 
  not deducted on the federal return or subtracted on line 110.
C Amortization of bond premium attributable to the tax year 
  on any bond whose interest income is subject to New York 
  State income tax but exempt from federal income tax, if 
  this amortization was not deducted on the federal return or 
  subtracted on line 110.
Line 113 – Subtractions from itemized deductions
D State, local, and foreign income taxes (including 
  unincorporated business taxes).
E Interest expense on money borrowed to purchase or carry 
  bonds or securities whose interest is exempt from New York 
  State income tax.
F Ordinary and necessary expenses paid or incurred in 
  connection with income, or property held to produce income, 
  that is exempt from New York State income tax, but only 
  to the extent deducted in computing your federal taxable 
  income.
G Amortization of bond premium attributable to the tax year 
  on any bond whose interest income is exempt from New 
  York State income tax, but only to the extent deducted in 
  computing your federal taxable income.

                                                    (continued)

Page 8 of 30   IT-204-I (2020)                                                                                                      Instructions for Form IT-204
Section 9 – Other information                                                 Enter in column B the portion of column A (if any) that is derived 
Line 116a – Do not complete this line if the only reason you                  from or connected to New York State sources.
are filing Form IT-204 is because you have a resident partner.                      Tiered partnerships: Do not include on lines 1 through 13 of 
Use the worksheet below to compute your modified federal                            the worksheet income from any partnership in which you are a 
and New York source gross income for tax year 2020 for use                    partner. Enter on line 14 the amount that should be shown on 
in filing Form IT-204-LL fortax year 2021. Enter in column A of               line 29a of Form IT-204-IP,                    New York Partner’s Schedule K-1.
the worksheet the amounts for lines 1 through 13 as instructed. 
Keep this worksheet for your records. You will need it when completing your Form IT-204-LL for 2021.
                  New York source gross income worksheet
                                                                                                                     A – Modified                B – New York source 
                              Enter 2020 amounts                                                                     federal gross income          gross income
   1  Enter the amount from federal Form 1065, line 1c  .......................................                    1
   2  Enter the amount from federal Form 1065, Schedule K, line 5 .....................                            2
   3  Enter the amount from federal Form 1065, Schedule K, line 6a ...................                             3
   4  Enter the amount from federal Form 1065, Schedule K, line 7 .....................                            4
   5  Enter any income (not losses) included on federal Form 1065, 
      Schedule K, line 11 ........................................................................................ 5
   6  Add the gain (not loss) amounts from federal Form 8949, column (h),  
     and the gains (not losses) from federal Form 1065, Schedule D, 
     lines 1a, column (h), 4, 5, 8a, column (h), 11, 12, and 14  ............................                      6
   7  Add the gain (not loss) amounts on federal Form 4797, column (g), 
      lines 2 through 6, 10, and 13 through 16 .......................................................             7
   8  Enter the amount from federal Form 8825, line 18a ......................................                     8
   9  Enter the income (not loss) from federal Schedule F (Form 1040), line 9 .....                                9
  10  Enter amount from federal Schedule F (Form 1040), line 1b ........................                           10
  11  Enter any income (not losses) included on federal Form 1065, 
      Schedule K, line 3a, not included above .......................................................              11
  12  Enter any income (not losses) included on federal Form 1065, 
      line 4, from estates and trusts not included above  .......................................                  12
  13  Enter any income (not losses) included on federal Form 1065, line 7, 
     not included above ........................................................................................   13
  14  Enter the New York source gross income as reported by your lower tiered 
      partnership from Form IT-204-IP, line 29a. ....................................................              14
  15  Total (add column B, lines 1 through 14); enter the amount here and on
      Form IT-204, line 116a ...................................................................................   15
Line 116b – MCTD allocation percentage                                        •  If the partnership carries on business both in and out of the 
•  If the partnership is doing business only in the MCTD, enter                   MCTD but does not maintain books and records from which 
  100%.                                                                           the MCTD income can be determined, use the worksheet 
                                                                                  below to compute the percentage to enter on line 116b. 
•  If the partnership maintains separate books and records 
  and they reflect the self-employment income in the MCTD,                    Transfer the amounts in Section 10, Part 2, column A, of 
  enter on line 116b the percentage of net earnings from                      Form IT-204, to column A below; and then enter in column B the 
  self-employment allocated to the MCTD.                                      amounts in the MCTD. Refer to the instructions for Section 10, 
                                                                              Part 2, and substitute MCTD in place of New York State.
          Items used as factors                                        A – Totals                                        B – MCTD                  C – Percent column B 
                                                                      in and out of NYS                                  amounts                       is of column A
   1 Real property owned  ................................          1
  2  Real property rented from others  .............                2
  3  Tangible personal property owned  ...........                  3
  3a  Tangible personal property rented from
       others.....................................................  3a
  4  Property percentage (add lines 1 through 3a; 
        see instructions on page 9)  ........................       4                                                                                                   %
  5  Payroll percentage (see instr. on page 9)  ....                5                                                                                                   %
   6 Gross income percentage (see instr. on page 9)                 6                                                                                                   %
  7  Total of percentages (add lines 4, 5, and 6, column C)  .................................................................................   7                      %
  8 MCTD  allocation percentage        (divide total percentages on line 7 by three or by actual number of 
        percentages if less than three; enter here and on line 116b)  .......................................................................... 8                      %

Instructions for Form IT-204                                                                                IT-204-I (2020)  Page 9 of 30

Line 116c – Total receipts from the sale of goods by                Line 119 – Real property owned
manufacturing                                                       Enter in column A the average value of all real property 
Enter the total receipts from the sale of goods produced by         connected with the partnership. Enter in column B the average 
manufacturing, processing, assembling, refining, mining,            value of all real property connected with the partnership located 
extracting, farming, agriculture, horticulture, floriculture,       in New York State.
viticulture, or commercial fishing.
                                                                    The average value of the property is determined by (1) adding 
Note: Receipts from the generation and distribution of electricity, its adjusted basis at the beginning of the tax year to its adjusted 
the distribution of natural gas, and the production of steam        basis at the end of the tax year, and (2) dividing by two.
associated with the generation of electricity are not reported on 
this line.                                                          Line 120 – Real property rented from others
                                                                    The value of real property rented to the business, and to be 
Line 116d – New York adjusted basis of qualified                    included in line 120, is eight times the gross rent payable during 
manufacturing property                                              the tax year for which the return is filed. For the definition of 
Enter the New York adjusted basis of qualified                      gross rents, see above.
manufacturing property at the close of the tax year (see 
TSB-M-19(5)C, New York State Adjusted Basis for Qualified           Line 121 – Tangible personal property owned
New York Manufacturers). The term qualified manufacturing           Enter in column A the average value (determined in accordance 
property means property that:                                       with the instruction for line 119) of all tangible personal property 
•  has a situs in New York State; and                               (including any inventory) owned by the business. Enter in 
•  is principally used by the partnership in the production of      column B the average value (determined in accordance with the 
goods by manufacturing, processing, assembling, refining,           instructions for line 119) of tangible personal property located in 
mining, extracting, farming, agriculture, horticulture,             New York State.
floriculture, viticulture, or commercial fishing.
                                                                    Line 121a – Tangible personal property rented from others
Line 117c – If you checked the Yes box, the name(s) and EINs        Enter the value of tangible personal property rented to the 
of the entity(ies) must be listed in the table below line 117c      business. The value of rented tangible personal property is eight 
regardless of the percentage of ownership interest.                 times the gross rents payable for tangible personal property 
                                                                    during the tax year for which the return is filed. For the definition 
Section 10 – New York allocation schedule                           of gross rents, see page 8.
Complete Part 1 if the partnership carries on business both in 
and out of New York State. Enter the exact location of each         Line 122 – Property percentage
place where the partnership carries on business. Describe each      Add lines 119 through 121a in columns A and B and enter each 
place (for example, branch office, agency, factory), and state      total on line 122. Divide the column B total by the column A total 
whether it is rented or owned by the partnership.                   and round the result to the fourth decimal place. For example, 
                                                                    if the total in column A is $15,000 and the total in column B 
Complete Part 2 if the partnership carries on business both in      is $10,000, divide $10,000 by $15,000 and enter the result 
and out of New York State but does not maintain books and           (0.6667) as a percentage (66.67%) in column C.
records from which the New York business income can be 
determined.                                                         Line 123 – Payroll percentage
You must still complete Part 2, even though it may not fairly       The amounts to be entered on line 123 include wages, 
and equitably reflect the income from New York and you use          salaries, and other personal service compensation, paid only 
an authorized alternate allocation method. You must include a       to employees of the partnership. Do not include payments to 
detailed explanation of the authorized alternate method used        independent contractors, independent sales agents, or the like. 
to determine the New York income, together with full details of     Enter on line 123 in column A the total of such pay to employees 
any changes increasing or decreasing the amount of New York         during the tax year for partnership operations carried on both 
income computed by the authorized alternate method.                 in and out of New York State. Enter on line 123 in column B the 
                                                                    amount of that pay for operations carried on in New York State. 
Gross rents, for purposes of computing lines 120 and 121a,          Operations are considered to be carried on in New York State if 
includes:                                                           the employee works in or travels out of an office or other place of 
•  any amount payable for the use or possession of real and         business located in New York State. If in Section 8, line 110, you 
tangible personal property, or any part thereof, whether            subtracted an amount based on wages not allowed because of 
designated as a fixed sum of money or as a percentage of            a federal credit under IRC section 280C, this change should be 
sales, profits, or otherwise;                                       reflected here in wages and salaries paid during the year. Divide 
•  any amount payable as additional rent, or in lieu of rent,       column B by column A. Round the result to the fourth decimal 
such as interest, taxes, insurance, repairs, or any other           place and enter it as a percentage in column C.
amount required to be paid by the terms of a lease or other 
arrangement; and                                                    Line 124 – Gross income percentage
•  a proportionate part of the cost of any improvement to real      The amounts to be entered on line 124 in column A is total 
or tangible personal property made by or on behalf of the           gross sales made, or charges for services performed, by the 
business that reverts to the owner or lessor upon termination       employees, agents, agencies, or independent contractors of 
of a lease or other arrangement. However, if a building is          the partnership in and out of New York State. The amount to be 
erected on leased land by or on behalf of the business, the         entered on line 124 in column B is the part of total gross sales 
value of the building is determined in the same manner as           or charges that represents sales made or services performed 
if it were owned by the business. The proportionate part of         by or through an agency in New York State. This includes sales 
the cost of an improvement (other than a building on leased         made or services performed by employees, agents, agencies, 
land) is generally equal to the amount of amortization allowed      or independent contractors situated at, connected with, or sent 
in computing New York adjusted gross income, whether the            out from offices of the partnership (or its agencies) located in 
lease does or does not include an option for renewal.               New York State. For example, if a salesman working out of 

Page 10 of 30   IT-204-I (2020)                                                                             Instructions for Form IT-204

the New York office of the business covers the states of New         corporate partners, in addition to entering the credit component 
York, New Jersey, and Pennsylvania, all sales made by him are        on line 128, enter code 108 and the cost from Form IT-611, 
to be allocated to New York State and included on line 124 in        line 10; Form IT-611.1, line 18; or Form IT-611.2, line 7 on 
column B. Divide column B by column A. Round the result to the       lines 144a through 144f.
fourth decimal place and enter it as a percentage in column C.
                                                                     Line 129 – Enter the total on-site groundwater remediation credit 
                                                                     component as shown on Form IT-611, line 24; Form IT-611.1, 
Section 11 – Partners’ credit information                            line 16; or Form IT-611.2, line 6. If the partnership has Article 9-A 
If the partnership (or a partnership of which it was a partner)      corporate partners, in addition to entering the credit component 
is convicted of an offense defined in New York State Penal           on line 129, enter code 109 and the cost from Form IT-611, 
Law Article 200 (Bribery Involving Public Servants and               line 18; Form IT-611.1, line 10; or Form IT-611.2, line 4 on 
Related Offenses) or 496 (Corrupting the Government), or             lines 144a through 144f.
section 195.20 (Defrauding the Government), you must mark 
an  Xin the Yes box. If the Yes box is marked, the partnership       Line 133 – Enter the QEZE employment increase factor 
is not eligible for any tax credit allowed under Tax Law Article 9,  computed on Form IT-604, line 13, or line 46.
9-A, or 33, or any business tax credit allowed under Tax Law         Line 134 – Enter the QEZE zone allocation factor computed on 
Article 22. A business tax credit allowed under Article 22 is a tax  Form IT-604, line 19, or line 52.
credit allowed to taxpayers under Article 22 which is substantially 
similar to a tax credit allowed to taxpayers under Article 9-A.      Line 135 – Enter the QEZE benefit period factor from 
                                                                     Form IT-604, page 3, Benefit period factor table, or line 58.
Accumulation distribution credit                                     Note: If the partnership is filing multiple Forms IT-604, Claim for 
A beneficiary whose New York source income includes an               QEZE Tax Reduction Credit, enter the code and credit factors on 
accumulation distribution from a trust is allowed a tax credit on    lines 144g through 144l. The additional codes are as follows:
his or her New York State individual income tax return for their 
share of:                                                                    Code CF1 – Employment increase factor
•  New York State income taxes paid by the trust,* and                       Code CF2 – Zone allocation factor
                                                                             Code CF3 – Benefit period factor
•  any income tax imposed on the trust by another state, political 
   subdivision within that state, or the District of Columbia on     Line 140 – See instructions for item A in Form IT-217-I, 
   income sourced to the other jurisdiction.* However, this credit   Instructions for Form IT-217, Claim for Farmers’ School Tax 
   cannot be more than the percentage of tax due determined          Credit, to determine the acres of qualified agricultural property to 
   by dividing the portion of the income taxable to the trust in the enter on this line.
   other jurisdiction and taxable to the beneficiary in New York by 
   the beneficiary’s total New York income.                          Line 141 – Qualified conservation property is acreage that, 
                                                                     during the tax year, is enrolled in or participating in a federal 
*  Note: These amounts should be provided to the beneficiary by      environmental conservation acreage reserve program under 
   the trust.                                                        Title III of the Federal Agricultural Improvement and Reform Act 
If the partnership received an accumulation distribution from        of 1996.
a trust, provide each partner with their share of the taxes paid     Line 142 – See instructions for item B in Form IT-217-I to 
by the trust. There is no code or credit form to complete. The       determine the amount of eligible school district property taxes 
individual partners will use their share of the taxes paid by        paid to enter on this line.
the trust to compute the accumulation distribution credit on 
Form IT-201-ATT, line 1, or Form IT-203-ATT, line 2.                 Line 143 – See instructions for item F in Form IT-217-I to 
                                                                     determine the acres of qualified agricultural property converted 
Other credits                                                        to nonqualified use to enter on this line.
Enter the brownfield redevelopment tax credit components;            Lines 144a through 144f
QEZE tax reduction credit factors; the excelsior jobs program tax 
credit components; and the farmers’ school tax credit information,   Enter the amount and code 127 if the partnership made 
computed at the partnership level, on the appropriate lines. Also    contributions to one or more of the following New York 
enter the START-UP NY tax elimination credit information for         Charitable Gifts Trust Fund accounts:
the partnership. For all other credits, addbacks of credits, and     •  Health Charitable Account
recaptures, you must enter the 3-digit code number and the           •  Elementary and Secondary Education Account
amount on lines 147 or 148 identifying the credit or addback. A 
chart with the other credits, addbacks of credits, and recaptures,   Enter the amount and code 128 if contributions were made to 
in addition to the 3-digit codes to enter on lines 147 and 148, is   one of the following organizations:
found on pages 10 and 11.                                            •  Health Research Inc.
Note: Submit all credit forms with your Form IT-204.                 •  State University of New York Impact Foundation
                                                                     •  Research Foundation of the City University of New York
Part 1 – Flow-through credit bases and information                   If the partnership was a shareholder in a C corporation that has 
Line 127 – Enter the total site preparation credit component         a special gross income from farming election, enter the following 
as shown on Form IT-611, line 8; Form IT-611.1, line 8; or           information, which should have been provided to you by the 
Form IT-611.2, line 3. If the partnership has Article 9-A corporate  C corporation, and codes on lines 144a through 144f:
partners, in addition to entering the credit component on            •  Enter the entire net income amount as reported to you by the 
line 127, enter code 107 and the cost from Form IT-611, line 2;      corporation and code 148.
Form IT-611.1, line 2; or Form IT-611.2, line 1 on lines 144a 
through 144f.                                                        •  Enter the principal payment amount paid on farm 
                                                                     indebtedness as reported to you by the corporation and 
Line 128 – Enter the total tangible property credit component        code 146.
as shown on Form IT-611, line 16; Form IT-611.1, line 24; 
or Form IT-611.2, line 12. If the partnership has Article 9-A 

Instructions for Form IT-204                                                                       IT-204-I (2020)  Page 11 of 30

•  Enter the gross income as reported to you by the corporation    Line 150 – Enter the tax year of the START-UP NY business tax 
 and code 149.                                                     benefit period (1 through 10) from Form IT-638, START-UP NY 
•  Enter the gross income from farming as reported to you by the   Tax Elimination Credit, line D.
 corporation and code 147.                                         Line 151 – Enter the area allocation factor from Form IT-638, 
                                                                   line 6.
Part 2 – Flow-through credits, addbacks, and 
                                                                   Note: If the partnership is filing multiple Forms IT-638, enter 
recaptures                                                         the code and credit information on lines 144g through 144l. The 
Line 146a – If the partnership has Article 9-A corporate partners, additional codes are as follows:
in addition to entering the amount of credit on line 146a, enter 
code 212 and the amount of investment credit base (cost or                 Code SN1 – Certificate number
other basis of qualified property purchased excluding R & D                Code SN2 – Year of business tax benefit period
property) on lines 144a through 144f.                                      Code SN3 – Area allocation factor
Line 146b – If the partnership has Article 9-A corporate partners, 
in addition to entering the amount of credit on line 146b, enter   Section 12 – New York adjustments due to 
code 218 and the amount of R & D investment credit base (cost      decoupling from the IRC
or other basis of qualified property purchased) on lines 144a      If you adjusted your return as a result of decoupling from 
through 144f.                                                      changes made to the IRC after March 1, 2020, enter the net 
                                                                   addition adjustment from Form IT-558, line 9, on line 1. Enter the 
Part 3 – START-UP NY tax elimination credit                        net subtraction adjustment from Form IT-558, line 18, on line 2.
information
Line 149 – Enter the certificate number from Form DTF-74, 
Certificate of Eligibility, issued to the approved START-UP NY 
business.

Lines 147 and 148 – Other flow-through credits, addbacks and recaptures
 To claim these credits or report these                            See these forms and   Report on                 Enter code:
 addbacks and recaptures:                                          their instructions:   Form IT-204 line: 
Alcoholic beverage production credit
 Beer produced                                                     IT-636                Lines 147a-147h           636
 Cider produced                                                    IT-636                Lines 147a-147h           B36
 Wine produced                                                     IT-636                Lines 147a-147h           C36
 Liquor produced                                                   IT-636                Lines 147a-147h           D36
Alternative fuels credit addback on early dispositions             IT-253                Lines 148a-148f           253
Alternative fuels and electric vehicle recharging property credit  IT-637                Lines 147a-147h           637
  Addback                                                          IT-637                Lines 148a-148f           637
Brownfield redevelopment tax credit addback                        IT-611                Lines 148a-148f           171
Brownfield redevelopment tax credit addback                        IT-611.1              Lines 148a-148f           170
Brownfield redevelopment tax credit addback                        IT-611.2              Lines 148a-148f           169
Brownfield credit for real property taxes                          IT-612                Lines 147a-147h           172
  Addback for real property taxes                                  IT-612                Lines 148a-148f           172
Brownfield credit for environmental remediation insurance          IT-613                Lines 147a-147h           173
  Addback for environmental remediation insurance                  IT-613                Lines 148a-148f           173
Clean heating fuel credit                                          IT-241                Lines 147a-147h           301
Conservation easement credit                                       IT-242                Lines 147a-147h           302
Defibrillator credit                                               IT-250                Lines 147a-147h           250
Economic transformation and facility redevelopment 
program jobs tax credit
 Jobs tax credit component                                         IT-633                Lines 147a-147h           633
 Investment tax credit component                                   IT-633                Lines 147a-147h           B33
 Training tax credit component                                     IT-633                Lines 147a-147h           C33
 Real property tax credit component                                IT-633                Lines 147a-147h           D33
  Addback                                                          IT-633                Lines 148a-148f           633
Empire State apprenticeship tax credit                             IT-650                Lines 147a-147h           650
Empire State commercial production credit                          IT-246                Lines 147a-147h           355
Empire State film post-production credit (current tax year credit) IT-261 (line 7)       Lines 147a-147h           356
Empire State film post-production credit (second year credit)      IT-261 (line 20)      Lines 147a-147h           B56
Empire State film post-production credit (third year credit)       IT-261 (line 21)      Lines 147a-147h           C56
Empire State film production credit (current tax year credit)      IT-248 (line 7)       Lines 147a-147h           248
Empire State film production credit (second year credit)           IT-248 (line 9)       Lines 147a-147h           B48
Empire State film production credit (third year credit)            IT-248 (line 10)      Lines 147a-147h           C48

Page 12 of 30 IT-204-I (2020)                                            Instructions for Form IT-204

Empire State jobs retention program credit                     IT-634  Lines 147a-147h  634
  Addback                                                      IT-634  Lines 148a-148f  634
Empire State musical and theatrical production credit          IT-642  Lines 147a-147h  642
Employee training incentive program                            IT-646  Lines 147a-147h  646
Employer-provided childcare credit                             IT-652  Lines 147a-147h  652
Excelsior jobs program tax credit addback                      IT-607  Lines 148a-148f  607
EZ investment tax credit (and employment incentive credit)  
  Addback on early dispositions                                IT-603  Lines 148a-148f  163
Employment of persons with disabilities credit                 IT-251  Lines 147a-147h  251
Farm donations to food pantries credit                         IT-649  Lines 147a-147h  649
Farm workforce retention credit                                IT-647  Lines 147a-147h  647
FSI EZ investment tax credit (and employment incentive credit) 
  Addback on early dispositions                                IT-605  Lines 148a-148f  165
FSI investment tax credit (and employment incentive credit) 
 Addback on early dispositions                                 IT-252  Lines 148a-148f  252
Hire a veteran credit                                          IT-643  Lines 147a-147h  643
Investment credit addback on early dispositions                IT-212  Lines 148a-148f  212
Life sciences research and development tax credit              IT-648  Lines 147a-147h  648
Low-income housing credit                                      DTF-624 Lines 147a-147h  624
  Addback                                                      DTF-626 Lines 148a-148f  626
Manufacturer’s real property tax credit                        IT-641  Lines 147a-147h  641
  Addback                                                      IT-641  Lines 148a-148f  641
New York youth jobs program tax credit                         IT-635  Lines 147a-147h  635
QETC capital tax credit                                        DTF-622 Lines 147a-147h  622
  Addback on early dispositions                                DTF-622 Lines 148a-148f  622
QETC employment credit                                         DTF-621 Lines 147a-147h  621
QEZE credit for real property taxes                            IT-606  Lines 147a-147h  166
  Addback                                                      IT-606  Lines 148a-148f  166
Recapture of START-UP NY tax benefits                          IT-645  Lines 148a-148f  645
Recovery tax credit                                            IT-651  Lines 147a-147h  651
Rehabilitation of historic properties credit                   IT-238  Lines 147a-147h  238
  Addback                                                      IT-238  Lines 148a-148f  238
Security officer training credit                               IT-631  Lines 147a-147h  631
Special additional mortgage recording tax credit               IT-256  Lines 147a-147h  256
START-UP NY telecommunication services excise tax credit       IT-640  Lines 147a-147h  640
Taxicabs and livery service vehicles accessible
to persons with disabilities credit (For costs
incurred on or after January 1, 2011)                          IT-236  Lines 147a-147h  236
Workers with disabilities credit                               IT-644  Lines 147a-147h  644

Partnership’s instructions for Form IT-204-IP                                                                 IT-204-I (2020)  Page 13 of 30

                                 Partnership’s instructions for Form IT-204-IP
                                 New York Partner’s Schedule K-1
                                                                    Item H 
General information
                                                                    Enter the partner’s percentages as reported on federal 
Partnerships with New York source income must provide               Schedule K-1, item J.
Form IT-204-IP to each Article 22 partner on or before the 
day on which the partnership return is required to be filed.        Item I
Partnerships with no New York source income who are filing          Enter the partner’s share of liabilities as reported on federal 
a return specifically because they have resident partners           Schedule K-1, item K.
must file and provide Form IT-204-IP only for the resident 
partners (Form IT-204-IP does not have to be submitted for          Item J 
non-resident partners). However, if a partnership has any 
partners that are partnerships or LLCs, it must complete and        Enter the partner’s capital account analysis as reported on 
provide both Forms IT-204-IP and IT-204-CP to such partners.        federal Schedule K-1, item L. However, enter on lines 2 and 
The partnership only submits the Form IT-204-IP (and not the        3 of item J, the amount of cash and property contributed by 
Form IT-204-CP) for such partners with its Form IT-204.             that partner to the partnership as included on New York State 
                                                                    Form IT-204, Section 6, lines 76 and 77. Enter on line 5 of 
Partners should obtain a copy of Form IT-204-IP-I, Partner’s        item J, the amount of withdrawals and distributions of cash to 
Instructions for Form IT-204-IP, to help them report on             that partner from Form IT-204, Section 6, line 81. Enter on line 6 
their personal income tax return the items shown on their           of item J, the amount of withdrawals and distributions of property 
Form IT-204-IP.                                                     made to that partner from Form IT-204, Section 6, line 82.

Note: The partnership must provide to each partner a statement      Item K
indicating the partner’s distributive share of contributions to one 
or more of the following New York Charitable Gifts Trust Fund       This item does not apply to partners that are partnerships. If 
accounts:                                                           completing Form IT-204-IP for a partner that is a partnership, 
                                                                    leave item K blank. 
–  Health Charitable Account; or
–  Elementary and Secondary Education Account.                      Item L
                                                                    If the partner was included on Form IT-203-GR, Group Return 
Farm donations to food pantries credit                              for Nonresident Partners, enter the partnership’s special NYS 
If the partnership claimed a credit on Form IT-649, Farm            income tax identification number assigned to the group.
Donations to Food Pantries Credit, the partnership must provide 
to each partner a statement indicating the partner’s distributive   Item M
share of the amount of qualified donations to a food pantry         If this partner is a nonresident individual who submitted a 
included in the partnership’s charitable contributions amount.      Form IT-2658-E, Certificate of Exemption from Partnership 
                                                                    or New York S Corporation Estimated Tax Paid on Behalf of 
                                                                    Nonresident Individual Partners and Shareholders, that is valid 
Specific instructions                                               for 2020, mark an  inXthe      Yes box. If the partner is a resident 
                                                                    individual partner, another partnership, or an estate or trust, 
Partnership’s information                                           leave this item blank. If you marked an   in the X         Yes box, do not 
On each Form IT-204-IP, enter the name and EIN of the               complete item N or item O.
partnership.
                                                                    Item N
Item C                                                              Enter the amount of estimated tax paid on behalf of 
Enter the business allocation percentage (BAP) of the               the partner from Form(s) IT-2658-NYS, Attachment to 
partnership from Form IT-204, line 126.                             Form IT-2658 – Report of Estimated Personal Income Tax for 
                                                                    Nonresident Individuals, on lines N1 through N4, and the total 
If line 126 is blank because your BAP is 100% New York State,       amount paid on line N.
enter 100%.
If line 126 does not fairly and equitably reflect the income from   Item O
New York and you have included an authorized alternative            Enter the amount of estimated MCTMT paid on behalf 
method of allocation, enter the alternative allocation percentage.  of the partner from Form(s) IT-2658-MTA, Attachment to 
                                                                    Form IT-2658 – Report of Estimated Metropolitan Commuter 
If line 126 is blank because the partnership’s books and records    Transportation Mobility Tax (MCTMT) for New York Nonresident 
accurately reflect income earned in New York, leave item C          Individual Partners, on lines O1 through O4, and the total 
blank.                                                              amount paid on line O.

Partner’s information                                               Item P
For the partner for which you are completing this Form IT-204-IP,   If you marked an   inXthe      Yes box on Form IT-204 in item R, 
enter the partner’s name, address, and identifying number           mark an  Xin the       Yes box here; if you marked an   in theX        No box 
(Social Security number or EIN).                                    on Form IT-204 in item R, mark an   inXthe         No box here. 

Item F                                                              Partner’s share of income, deductions, etc.
If the partner is a disregarded entity or grantor trust, enter the 
partner’s information as reported on federal Schedule K-1,          Column B
item E; otherwise leave this line blank.                            Transfer the amounts from the individual partner’s federal 
                                                                    Form 1065, Schedule K-1. However, for line 19 of federal 

Page 14 of 30   IT-204-I (2020)                                                        Partnership’s instructions for Form IT-204-IP

Form 1065, Schedule K-1, determine the portion of line 19 that    the part of the year in which that person was a member of the 
represents distributions of cash and marketable securities,       partnership.
and distributions of other property, and enter this amount(s) 
on line 17 and line 18 of Form IT-204-IP respectively. Be sure    Partner’s share of New York modifications
to write in the Identify boxes, where provided, the type(s) and   Any of the modifications from Form IT-225 are to be added to or 
amount(s) of what is included on each specific line.              subtracted from each partner’s federal adjusted gross income 
                                                                  on the partner’s New York State income tax return, in arriving 
Column C                                                          at the partner’s total New York income. Any of the modifications 
Enter in column C the amounts from column B that are derived      listed under Lines 111 and 113 instructions are to be added to 
from or connected with New York State sources. (See Income        or subtracted from each partner’s itemized deductions on the 
from New York State sources includes on page 2 ) .                partner’s New York State income tax return, in arriving at the 
                                                                  partner’s New York State itemized deduction. The partners need 
If you are doing business entirely within New York State, enter   this information to complete their individual tax returns.
the amounts from column B in column C.
If you are doing business both inside and outside New York        Line 20 – New York State additions
State, allocate to New York State the federal items of income,    Enter in column A on lines 20a through 20f the partner’s 
gain, loss, and deduction as shown on federal Form 1065,          distributive share of the total amount for each addition 
Schedule K. Use the BAP (item C), the separate book method        modification reported on Form IT-225, line 1, column A, and 
(see Books and records below), or an authorized alternative       line 5, column A. Be sure to enter the corresponding number 
allocation method. However, do not allocate any items of real     of the addition next to the letters EA. If you are reporting more 
property (see Note below).                                        than six addition modifications for the partner, include a separate 
                                                                  schedule. Enter in column B, New York State allocated amount, 
Note: Amounts attributable to real property located in New York   the amount of the partner’s modification that relates to income, 
State are 100% allocable to New York. Amounts attributable to     gain, loss, or deduction derived from or connected with New 
real property located outside New York State are not allocable to York State sources (from Form IT-225, line 1, column B, and 
New York.                                                         line 5, column B).
Books and records                                                 Line 21 – Enter the column A total of lines 20a through 20f 
A partnership carrying on business inside and outside of          and from any additional schedule(s) (if more than six addition 
New York State, that maintains books and records from which       modifications) on line 21.
the New York income of the business can be determined, enters 
in column C the amount of each item derived from New York         Line 22 – New York State subtractions
State sources, as determined from the books of account.           Enter in column A on lines 22a through 22f the partner’s 
                                                                  distributive share of the total amount for each subtraction 
Authorized alternative allocation method                          modification reported on Form IT-225, line 10, column A, and 
If a detailed explanation of an authorized alternative allocation line 14, column A. Be sure to enter the corresponding number 
method is submitted with Form IT-204, use that method to          of the subtraction next to the letters ES. If you are reporting 
compute the amounts to be entered in column C.                    more than six subtraction modifications for the partner, include a 
                                                                  separate schedule. Enter in column B, New York State allocated 
                                                                  amount, the amount of the partner’s modification that relates to 
Calculation of the partner’s share of                             income, gain, loss, or deduction derived from or connected with 
New York modifications and credits                                New York State sources (from Form IT-225, line 10, column B, 
You must allocate the partner’s share of a modification or credit and line 14, column B).
in accordance with the partner’s distributive share, for federal 
income tax purposes, of the item to which the modification        Line 23 – Enter the column A total of lines 22a through 22f and 
relates. Where a partner’s distributive share of any such item    from any additional schedule(s) (if more than six subtraction 
is not required to be taken into account separately for federal   modifications) on line 23.
income tax purposes, the partner’s share of such item must 
generally be determined in accordance with their share, for       Line 24 – Additions to itemized deductions
federal income tax purposes, of partnership taxable income and    Enter in the Amount column on lines 24a through 24f the 
loss.                                                             partner’s distributive share of the total amount for each addition 
                                                                  to itemized deductions reported on Form IT-204, lines 111a 
Where a partner’s distributive share of an item of partnership    through 111f. Be sure to enter the corresponding letter for each 
income, gain, loss, or deduction is determined for federal income addition in the Letter box.
tax purposes by special provision in the partnership agreement 
with respect to such item, and where the principal purpose of     Line 26 – Subtractions from itemized deductions
such provision is the avoidance or evasion of tax under this      Enter in the Amount column on lines 26a through 26f the 
article, the partner’s distributive share of such item, and any   partner’s distributive share of the total amount for each 
modification or credit required with respect thereto, must be     subtraction from itemized deductions reported on Form IT-204, 
determined as if the partnership agreement made no special        lines 113a through 113f. Be sure to enter the corresponding 
provision with respect to such item.                              letter for each subtraction in the Letter box.
If the partnership agreement does not provide for the partner’s 
distributive share of income, gain, loss, deduction, or credit,   Partner’s other information
determine the partner’s share according to the partner’s interest 
in the partnership.                                               Line 29a – Partner’s share of New York source gross income
                                                                  You must report to each partner their share of your New York 
If a partner’s interest changed during the year, determine the    source gross income. Enter the partner’s distributive share of 
distributive share of each partner at the federal level. How the  New York source gross income from Form IT-204, line 116a.
partnership allocates income (or loss) is also determined at the 
federal level. Allocate income (or loss) to the partner only for 

Partnership’s instructions for Form IT-204-IP                                                   IT-204-I (2020)  Page 15 of 30

Line 29b – MCTD allocation percentage                               of the amount on lines 47a through 47f as reported on 
Enter the MCTD allocation percentage of the partnership from        Form IT-204, lines 144a through 144f.
Form IT-204, line 116b.                                             Enter the partner’s distributive share and code 127 if you made 
                                                                    contributions to one or more of the New York Charitable Gifts 
Line 29c – Partner’s share of receipts from the sale of             Trust Fund accounts:
goods by manufacturing
                                                                    •  Health Charitable Account
Enter the partner’s share of the total receipts from Form IT-204, 
line 116c. In addition, you must provide your partner with a        •  Elementary and Secondary Education Account
separate statement that reports any receipts from the generation    Enter the partner’s distributive share and code 128 if you made 
and distribution of electricity that is not included on this line.  charitable contributions to:
Line 29d – New York adjusted basis of qualified                     •  Health Research Inc.
manufacturing property                                              •  State University of New York Impact Foundation
Enter the partner’s proportionate part of qualified manufacturing   •  Research Foundation of the City University of New York
property from Form IT-204, line 116d.
                                                                    If you are filing multiple Forms IT-604, Claim for QEZE Tax 
                                                                    Reduction Credit, and/or Form(s) IT-638 enter the code and the 
Partner’s credit information                                        partner’s credit information on lines 47g through 47l as reported 
Part 1 – Flow through credit bases and information                  on Form IT-204, lines 144g through 144l.

Brownfield redevelopment tax credit                                 Part 2 – Flow through credits, addbacks, and 
Lines 30, 31, and 32                                                recaptures
Enter the partner’s distributive share of any amounts from          Lines 48, 49, and 50
Form IT-611 in column A. Enter the partner’s distributive share     Enter the partner’s distributive share of the:
of any amounts from Form IT-611.1 in column B. Enter the 
partner’s distributive share of any amounts from Form IT-611.2      •  long-term care insurance credit from Form IT-204, line 145 
in column C.                                                        •  investment credit (including the employment incentive credit 
                                                                    and historic barn rehabilitation credit) from Form IT-204, 
Line 30 – Enter the partner’s distributive share of the site        line 146a
preparation credit component from Form IT-204, line 127.
                                                                    •  research and development credit – investment credit from 
Line 31 – Enter the partner’s distributive share of the tangible    Form IT-204, line 146b
property credit component from Form IT-204, line 128.
                                                                    Line 51 – For all other credits, you must enter the 3-digit code 
Line 32 – Enter the partner’s distributive share of the on-site     number identifying each credit and the partner’s distributive 
groundwater remediation credit component from Form IT-204,          share of that credit from Form IT-204, lines 147a through 147h.
line 129.
                                                                    If you reported a rehabilitation of historic properties credit on 
                                                                    Form IT-204, Section 11, Part 2, you must provide to your 
QEZE tax reduction credit                                           partners a separate statement indicating the project number(s). 
Lines 36, 37, and 38                                                The project number is the National Park Services (NPS) number 
Enter the QEZE employment increase factor, QEZE zone                that identifies the rehabilitation project. Project number(s) 
allocation factor, and QEZE benefit period factor from              must be provided for tax credit amounts passed through to 
Form IT-204, lines 133, 134, and 135.                               the partnership and for tax credit amounts generated by the 
                                                                    partnership.
Excelsior jobs program tax credit                                   Line 52 – For all other addbacks of credits and recaptures, you 
Lines 39 through 42                                                 must enter the 3-digit code number identifying each addback or 
                                                                    recapture and the partner’s distributive share of that addback or 
Enter the partner’s distributive share of the excelsior jobs        recapture from Form IT-204, lines 148a through 148f.
program tax credit from Form IT-204, lines 136 through 139.
                                                                    Part 3 – START-UP NY tax elimination credit 
Farmers’ school tax credit
                                                                    information
Line 43 – Enter the partner’s distributive share of acres of 
qualified agricultural property from Form IT-204, line 140.         Lines 53, 54, and 55 
                                                                    Enter on these lines the information from Form IT-204, lines 149, 
Line 44 – Enter the partner’s distributive share of acres of        150, and 151.
qualified conservation property from Form IT-204, line 141.
                                                                    You 
Line 45 – Enter the partner’s distributive share of eligible school     must also provide to your partner a separate statement 
                                                                    indicating the name of the sponsoring campus, university, or 
district property taxes paid by the partnership from Form IT-204,   college; if you are certified by more than one sponsor, list all 
line 142.                                                           sponsors on such statement.
Line 46 – Enter the partner’s distributive share of acres of 
qualified agricultural property converted to nonqualified use from  Partner’s share of New York adjustments due to 
Form IT-204, line 143.                                              decoupling from the IRC
                                                                    Line 1 – If you adjusted your return as a result of decoupling 
Other flow-through credit bases and information                     from changes made to the IRC after March 1, 2020, enter 
Lines 47a through 47l – If you were a shareholder in a C            the partner’s distributive share of the total net addition 
corporation that has a special gross income from farming            adjustment from Form IT-204, Section 12, line 1, in column A. 
election, enter the code and the partner’s distributive share       Using the partnership’s BAP reported in item C, compute the 

Page 16 of 30 IT-204-I (2020)                                      Partnership’s instructions for Form IT-204-IP

New York State allocated amount of the partner’s distributive 
share and enter the amount in column B.
Line 2 – If you adjusted your return as a result of decoupling 
from changes made to the IRC after March 1, 2020, enter the 
partner’s distributive share of the net subtraction adjustment 
from Form IT-204, Section 12, line 2, in column A. Using the 
partnership’s BAP reported in item C, compute the New York 
State allocated amount of the partner’s distributive share and 
enter the amount in column B.
If you adjusted your excess business interest expense or 
your excess taxable income as a result of decoupling from 
IRC § 163(j), you must also provide to your partners a separate 
statement indicating their distributive share of each adjustment.

Partnership’s instructions for Form IT-204.1                                                               IT-204-I (2020)  Page 17 of 30

                        Partnership’s instructions for Form IT-204.1
                        New York Corporate Partners’ Schedule K
                                                                    EA-110  Qualified emerging technology investments 
General information                                                (QETI) – See A-110 addition modification instruction in 
Form IT-204.1 must be completed and filed by a partnership         Form IT-225-I.
that has corporate partners filing Form CT-3 or CT-3-S, or 
included in a combined group filing Form CT-3-A, and by a          EA-203  Safe harbor leases – See A-203 addition 
partnership that has a partner that is a partnership or an LLC.    modification instruction in Form IT-225-I. 
The form reports the aggregate amount, for the partnership as       EA-204  Safe harbor leases – See A-204 addition 
a whole (including amounts from any lower tier partnerships),      modification instruction in Form IT-225-I.
of certain partnership items. These amounts are then reported 
by distributive share or proportionate part to the partnership’s   EA-207  Taxes related to the farmers’ school tax credit 
corporate partners (or partners that are partnerships or LLCs) on  Enter the total amount of real property taxes paid on qualified 
Form IT-204-CP, New York Corporate Partner’s Schedule K-1.         agricultural property that was deducted by the partnership 
Submit Form IT-204.1 with your Form IT-204, Partnership            in computing its income that flowed through to its corporate 
Return.                                                            partners to the extent the partnership also flowed through the 
                                                                   tax credit.
A partnership must separately provide to its corporate partners 
(or partners that are partnerships or LLCs) the partnership’s      EA-208  Sport utility vehicle expense deduction – See 
total amount of New York State and total amount of Metropolitan    A-208 addition modification instruction in Form IT-225-I.
Commuter Transportation District (MCTD) receipts (including        EA-211  Royalty payments made to a related member 
total amounts from any lower tier partnerships) so that a          or members – See A-211 addition modification instruction in 
corporate partner (at any level in the tier or chain) can include  Form IT-225-I. 
such amounts when making the determination if it is subject to 
the Article 9-A franchise tax and MCTD surcharge.                  EA-212  Environmental remediation insurance 
                                                                   premiums – See A-212 addition modification instruction in 
Note: The only items reported on Form IT-204.1 that relate         Form IT-225-I.
to a corporate partner that is a New York S corporation are 
lines 34 through 36; Apportionment Part 1, line 1; Apportionment   EA-216  Manufacturer’s real property tax – See A-216 
Part 2, lines 1 through 53a; and Apportionment Part 2, lines 56    addition modification instruction in Form IT-225-I. 
through 77.
                                                                   EA-217  START-UP New York excise tax on 
                                                                   telecommunication services – See A-217 addition 
Specific instructions                                              modification instruction in Form IT-225-I.
Note: If you have a partner that is a partnership or an LLC,       EA-218  Farm donations to food pantries –   Enter the 
you must complete all parts of Form IT-204.1 to ensure that all    amount of any deduction for charitable contributions allowed 
corporate partners in the tier or chain receive the necessary      under IRC section 170 to the extent such contributions are 
information.                                                       used as the basis of the calculation of the farm donations to 
                                                                   food pantries credit under Tax Law § 210-B(52).
Note: Do not include any IRC § 965 amounts on Form IT-204.1.
                                                                   EA-504  Interest on federal, state, municipal, and other 
                                                                   obligations not included in FTI (only if your corporate 
Entire net income (ENI) information when                           partner is not an alien corporation: see            EA-508 if your 
the corporate partner’s New York tax filing                        corporate partner is an alien corporation)   Enter–           all interest 
status is a C corporation                                          received or accrued from federal, state, municipal, and other 
The amounts reported on lines 1 and 2 represent additions to,      obligations that was exempt from federal income tax. You 
or subtractions from, federal taxable income (FTI) that New York   may deduct from this amount any expenses attributable to 
C corporations are required to make under Article 9-A.             that interest but denied deductibility under IRC section 265. 
                                                                   Include a list of items and amounts included on this line.
Line 1 – ENI addition modifications                                EA-505  Certain taxes deducted – Include all taxes 
Enter in column A any applicable EA number listed below            deducted for federal purposes imposed under Article 9 
that represents an addition modification to federal taxable        (sections 183, 183-a, 184, 184-a), 9-A, 23, and former 
income (FTI) that a New York C corporation partner is required     Article 32. This includes the MTA surcharge. However, do not 
to make under Article 9-A when computing the partner’s ENI         include New York City taxes. Include the amount deducted 
on the partner’s Form CT-3 or CT-3-A. List the amount of each      for taxes paid or accrued to the United States, or any of its 
addition in column B, and provide the total amount of additions    possessions, territories, or commonwealths, other U.S. states 
on line 1.                                                         or their political subdivisions, and the District of Columbia, if 
                                                                   the tax or taxes are on or are measured by profits or income, 
 EA-105  Special additional mortgage recording tax                or include profits or income as a measure of tax, including 
 Enter the amount of the special additional mortgage recording     taxes expressly in lieu of the foregoing.
 tax deducted by the partnership in computing its income 
 that flowed through to its corporate partners to the extent       EA-506  Federal treaty obligations (only if your corporate 
 the special additional mortgage recording tax credit flowed       partner is an alien corporation)   If–      under any provision of 
 through the partnership to such corporate partners.               the IRC, your corporate partner is not treated as a domestic 
                                                                   corporation as defined in IRC section 7701 enter any of your 
  EA-106  Special additional mortgage recording tax basis         income that was exempt for federal purposes under any 
 adjustment –See A-106 addition modification instruction in        treaty obligation of the United States, but only if such income 
 Form IT-225-I.                                                    would be treated as effectively connected, in absence of 

Page 18 of 30   IT-204-I (2020)                                                     Partnership’s instructions for Form IT-204.1

 such exemption, provided that such treaty obligation does not    ES-508  Amounts treated as IRC section 78 dividends
 preclude the taxation of such income by a state.
                                                                  ES-509  Expenses related to federal treaty obligations 
 EA-507  Federal depreciation –       Enter any federal         (only if your corporate partner is an alien corporation)   If–
 depreciation amounts (including any disposition adjustments),   under any provision of the IRC, your corporate partner is 
 if applicable, from Forms IT-399,  New York State Depreciation  not treated as a domestic corporation as defined in IRC 
 Schedule, and IT-398, New York State Depreciation Schedule      section 7701, enter any of your expenses attributable to 
 for IRC Section 168(k) Property. Submit the form(s) with        income that was exempt for federal purposes due to a federal 
 Form IT-204.                                                    tax treaty.
 EA-508  Dividend or interest income received, or 
 accrued, by alien corporations (only if your corporate          Assets and liabilities 
 partner is an alien corporation)   If–under any provision of    Lines 3 through 7
 the IRC, your corporate partner is not treated as a domestic 
 corporation as defined in IRC section 7701, enter any part of   For a corporate partner, average value is generally computed 
 any of your income from dividends or interest on any kind of    quarterly. However, they may use a more frequent basis such 
 stock, securities, or indebtedness, but only if such income is  as monthly, weekly, or daily. If their usual accounting practice 
 treated as effectively connected with the conduct of a trade or does not permit a quarterly or more frequent computation of the 
 business in the United States under IRC section 864.            average value of assets, they may use a semiannual or annual 
                                                                 computation if no distortion of average value results. While you 
                                                                 need only report the actual computed average values on lines 3 
Line 2 – ENI subtraction modifications                           through 6, you must supply to your corporate partners on a 
Enter in column A any applicable ES number listed below that     separate statement the information they need to compute the 
represents a subtraction modification from its FTI that a New    average value under the frequency basis they are utilizing for 
York C corporation partner is required to make under Article 9-A such lines.
when computing the partner’s ENI on such partner’s Form CT-3 
or Form CT-3-A. List the amount of each subtraction in           Line 3 – Total assets
column B, and provide the total amount of subtractions on line 2.
                                                                 Enter the value shown on your books in accordance with 
 ES-111  Distributions made to a victim of Nazi                 generally accepted accounting principles (GAAP).
 persecution – See S-111 subtraction modification instruction 
 in Form IT-225-I.                                               Line 5 – Real property and marketable securities at fair 
                                                                 market value (FMV)
 ES-115  Qualified emerging technologies investments            Enter the FMV of real property and marketable securities 
 (QETI) – See S-115 subtraction modification instruction in 
 Form IT-225-I.                                                  included on line 4. The FMV of an asset is the price (without 
                                                                 deduction of an encumbrance whether or not the partnership is 
 ES-205  Wage and salary expenses allowed as federal            personally liable) at which a willing seller will sell and a willing 
 credits but not as federal expenses – See S-205                 purchaser will buy. You can generally find the FMV of marketable 
 subtraction modification instruction in Form IT-225-I.          securities from price quotes in financial newspapers. For 
                                                                 determination of FMV of real property, see TSB-M-85(18.1)C, 
 ES-208  Safe harbor leases – See S-208 subtraction             Valuation of Real Property.
 modification instruction in Form IT-225-I. 
                                                                 Line 6 – Enter the result of adding line 5 to the result of 
 ES-209  Safe harbor leases – See S-209 subtraction             subtracting line 4 from line 3.
 modification instruction in Form IT-225-I.
                                                                 Line 7 – Use the same method of averaging used to determine 
 ES-212  Sport utility vehicle expense deduction                average value of assets on line 3.
 recapture – See S-212 subtraction modification instruction in 
 Form IT-225-I.                                                  Lines 8 and 9
 ES-215  Refund of certain business tax credits – See           The amounts to report are attributable to assets reported on 
 S-215 subtraction modification instruction in Form IT-225-I.    line 3, both long and short term. Use the same method of 
                                                                 averaging used to determine average value of assets on line 3.
 ES-216  New York State innovation hot spot program  
 See S-216 subtraction modification instruction in               For lines 8 and 9, liabilities directly attributable to an asset are 
 Form IT-225-I.                                                  those that were incurred in connection with the acquisition or 
                                                                 holding of that asset.
 ES-501  Refund or credit of certain taxes –   Enter the 
 amount of any refund or credit for overpayment of taxes         Line 8 – Business capital means all assets other than 
 reported in a prior year on federal Form 1065, line 3, 4, or 7, investment capital and stock issued by the partner, less liabilities 
 that is now properly included in federal ordinary income for    not deducted from investment capital.
 which no exclusion or deduction was allowed in determining 
 federal ordinary income for any prior year.                     Line 9 – Enter the amount from line 13, column G.

 ES-504  Receipts from the operation of school buses            Items related to investment capital under 
 Enter all receipts from the transportation of pupils, teachers, Article 9-A
 and others acting in a supervisory capacity to and from 
 school or school activities, minus any deductions allowed       These items are needed for the partner to file Form CT-3.1, 
 in computing federal income that are directly or indirectly     Investment and Other Exempt Income and Investment Capital. 
 attributable to those receipts.                                 For additional information, see that form and its instructions.

 ES-507  Allowable New York depreciation – Enter any            Lines 10 through 15
 allowable New York depreciation amounts (including any          Per Tax Law section 208.5(a), the term investment capital means 
 disposition adjustments), if applicable, from Forms IT-399 and  investments in stocks that satisfy the definition of a capital asset 
 IT-398. Submit the form(s) with Form IT-204.                    under IRC section 1221 at all times the partnership owned 

Partnership’s instructions for Form IT-204.1                                                         IT-204-I (2020)  Page 19 of 30

such stock during the tax year, are held by the partnership for     Column G – Enter for each item of investment capital listed in 
investment for more than one year, the dispositions of which are,   column A the sum of the liabilities directly attributable to it. Use 
or would be, treated by the partnership as generating long-term     the same method of averaging used to determine the average 
capital gains or losses under the IRC. Stocks acquired on or        value of assets in column F. Liabilities directly attributable to 
after January 1, 2015, at any time after the close of the day on    an asset are those that were incurred in connection with the 
which they are acquired, must have never been held for sale         acquisition or holding of that asset.
to customers in the regular course of business. Such stocks 
must be clearly identified in the partnership’s records as stock    Parts 3 and 5
held for investment in the same manner as required under IRC        Per Tax Law section 208.5(d), if the partnership acquires stock 
section 1236(a)(1), for the stock of a dealer in securities to be   that is a capital asset under IRC section 1221 during the tax 
eligible for capital gain treatment (whether or not the partnership year and owns that stock on the last day of the tax year, it will 
is a dealer of securities subject to section 1236). Generally, the  be presumed, solely for purposes of determining whether 
identification must occur before the close of the day on which      that stock should be classified as investment capital after it is 
the stock was acquired, although floor specialists have seven       acquired, that the partnership held that stock for more than 
business days to make the identification. However, for stock        one year. However, if the partnership does not in fact own that 
acquired prior to October 1, 2015, that was not subject to IRC      stock at the time it actually files its original return for the tax 
section 1236(a), such identification must occur before October 1,   year in which it acquired the stock, then the presumption in the 
2015 (see TSB-M-15(4)C, Investment Capital Identification           preceding sentence shall not apply and the actual period of time 
Requirements for Article 9-A Taxpayers. For stock acquired          during which the partnership owned the stock shall be used to 
by non-dealers after October 1, 2015, see TSB-M-15(4.1)C,           determine whether the stock should be classified as investment 
Additional Investment Capital Identification Periods for Certain    capital after it is acquired.
Non-dealers for Specified Circumstances that Occur on or 
After October 1, 2015), to see if additional investment capital     If the partnership relies on the presumption in the first sentence 
identification periods apply. Stock in a corporation that is        of the previous paragraph but does not own the stock for 
conducting a unitary business with the partnership is not           more than one year, the partnership must, in the immediately 
investment capital, and should not be included on lines 10          succeeding tax year, report to its corporate partners the 
through 15.                                                         information in Parts 5 and 6 below.

When income or gain from a debt obligation or other security        Part 5
cannot be taxed by New York as a result of U.S. Constitutional      List all prior year presumed stocks (reported on prior year 
principles found in decisions of the U.S. Supreme Court, the        IT-204.1, Part 3) that did not meet the holding period 
debt obligation or other security will be included in investment    requirement. In column A, provide the name, CUSIP or CINS 
capital (Tax Law section 208.5(e)).                                 number, and lot number and provide the requested additional 
Note: This investment capital that generates income claimed not     information in all other columns. If more space is needed, submit 
taxable by New York under the U.S. Constitution may be claimed      additional schedules, providing the information.
only by entities domiciled outside New York State.
                                                                    Part 6
Parts 1, 2, and 3                                                   The prior year presumed investment income that your Article 9-A 
If more space is needed, submit additional sheets providing the     partners must addback is calculated at the partner level based 
information in the same format as in each part.                     on the specific stocks identified in Part 5.
Complete Part 1 first, listing all assets owned that generated      Line 15 – Enter the requested information for the stocks 
income being claimed as not taxable by New York under the           identified in Part 5, as previously reported on your prior tax year 
U.S. Constitution. Part 1 applies only to partnerships domiciled    Form IT-204.1 on line 22.
outside of New York State. Any asset listed in Part 1 cannot also 
be listed in Part 2 or Part 3.                                      Items related to investment and other exempt 
In Part 2, list all stocks actually held more than one year that    income under Article 9-A
meet the qualifications for investment capital at the partnership   These items are needed for the partner to file Form CT-3.1. For 
level; in Part 3, list all stocks presumed held more than one       additional information, see that form and its instructions.
year, that meet the qualifications for investment capital at the 
partnership level (see the instructions for Parts 3 and 5).         Line 16 – Gross exempt cross-article dividends
                                                                    Enter the gross exempt dividend income received from a 
Column A – For Part 1, provide identifying information, such        corporation, conducting a unitary business with the partnership, 
as stock name, committee on uniform security identification         that is subject to New York State franchise tax under either 
procedures (CUSIP) or CUSIP international numbering system          Article 9 or Article 33, or that would have been taxable under 
(CINS) number, and lot number; or issuer and maturity date          those articles if subject to tax.
of bond. For Parts 2 and 3, provide the name, CUSIP or CINS 
number, and lot number.                                             Line 17 – Gross exempt controlled foreign corporation 
Column F – Enter the total average fair market value (FMV)          (CFC) income
of each item listed in column A. On any date, the FMV of            Exempt CFC income means the income required to be included 
stocks, bonds, and other regularly traded securities is the mean    in the partnership’s federal total income per IRC section 951(a) 
between the highest and lowest selling prices. The average          received from a corporation that is conducting a unitary business 
value is generally computed quarterly if your usual accounting      with the partnership.
practice permits, but you may use a monthly, weekly, or daily 
average. If your usual accounting practice does not permit a        Note: Do not include any IRC section 965 amounts.
quarterly or more frequent computation of average FMV, you 
may use a semiannual or annual computation if no distortion of 
average FMV results. If the security is not marketable, value it 
using generally accepted accounting principles (GAAP).

Page 20 of 30   IT-204-I (2020)                                                         Partnership’s instructions for Form IT-204.1

Line 18 – Gross exempt unitary corporation dividends                  developments dedicated to public use or property used on a 
Enter those dividends not otherwise reported on line 16 from          nonprofit basis for residents, and mobile homes not used on a 
a corporation that is conducting a unitary business with the          transient basis;
partnership.                                                            (v) property acquired through the liquidation of defaulted loans 
                                                                      described in item (iv) above;
Line 19 – Gross investment income from investments                      (vi) any regular or residual interest in a real estate mortgage 
generating income not taxable by New York State under the             investment conduit (REMIC), as such term is defined in IRC 
U.S. Constitution                                                     section 860D, but only in the proportion which the assets 
Enter the income and net gain or loss from a debt obligation          of such REMIC consist of property described in any of the 
or other security that cannot be taxed by New York State as a         preceding items, except that if 95% or more of the assets of 
result of the U.S. Constitutional principles found in decisions of    such REMIC are assets described in items (i) through (v), the 
the U.S. Supreme Court. If the result of summing the applicable       entire interest in the REMIC shall qualify;
amounts is a net loss, enter the negative amount using a                (vii) any mortgage-backed security which represents 
minus (-) sign. Amounts entered on this line should relate to         ownership of a fractional undivided interest in a trust, the 
assets listed in Part 1. This line applies only if the partnership is assets of which consist primarily of mortgage loans, provided 
domiciled outside of New York State.                                  that the real property which serves as security for the loans 
Lines 20 through 22 –   To determine the amounts to enter, see        is (or from the proceeds of the loan, will become) the type of 
Items related to investment capital under Article 9-A on page 16.     property described in item (iv) and any collateralized mortgage 
                                                                      obligation, the security for which consists primarily of 
Enter on line 20 dividends from investments reported in Part 2.       mortgage loans that maintain as security the type of property 
Enter on line 21 net capital gains or losses from investments         described in item (iv);
reported in Part 2. If the result of summing the applicable             (viii) certificates of deposit in, or obligations of, a corporation 
amounts is a net loss, enter the negative amount using a              organized under a state law which specifically authorizes 
minus (-) sign.                                                       such corporation to insure the deposits or share accounts of 
                                                                      member associations; 
Enter on line 22 dividends from investments reported in Part 3.
                                                                        (ix) loans secured by an interest in educational, health, or 
                                                                      welfare institutions or facilities, including structures designed 
Items related to interest deductions directly                         or used primarily for residential purposes for students, 
attributable to investment and other exempt                           residents, and persons under care, employees, or members of 
income under Article 9-A                                              the staff of such institutions or facilities;
Lines 24 through 31 –   For information on how to directly              (x) loans made for the payment of expenses of college or 
attribute interest deductions to the income reported on lines 16      university education or vocational training;
through 22, and to business capital, see TSB-M-15(8)C, Direct           (xi) property used by your partnership in support of business 
and Indirect Attribution of Interest Deductions for Article 9-A       which consists principally of acquiring the savings of the public 
Taxpayers. Interest deductions must be attributed, regardless of      and investing in loans;
whether or not income is earned in a given year.
                                                                        (xii) loans for which your partnership is the creditor and which 
                                                                      are wholly secured by loans described in item (iv); and
Items related to subtraction modifications for 
qualified banks                                                         (xiii) the value of accrued interest receivable and any 
                                                                      loss-sharing commitment or other loan guaranty by a 
These items are needed for the partner to file Form CT-3.2,           governmental agency will be considered part of the basis 
Subtraction Modification for Qualified Banks. For additional          in the loans to which the accrued interest or loss protection 
information, see that form and its instructions.                      applies.
Line 32 – Qualified residential loan portfolio assets                 Your partner needs the asset information above for the 
These assets consist of the assets described in items (i) through     purpose of performing a 60% asset test.
(xii) below, with the application of the rule in item (xiii).           At the election of your partner, the 60% can be applied on the 
Assets are:                                                           basis of the average assets outstanding during the tax year, 
                                                                      in lieu of the close of the tax year. Your partner can elect to 
  (i) cash, which includes cash and cash equivalents including        compute an average using the assets measured on the first 
cash items in the process of collection, deposit with other           day of the tax year and on the last day of each subsequent 
financial institutions, including corporate credit unions,            quarter, or month, or day during the tax year. This election 
balances with federal reserve banks and federal home loan             may be made annually. You must supply to your partner the 
banks, federal funds sold, and cash and cash equivalents              information the partner needs to perform the test based on the 
on hand. Cash does not include any balances serving as                frequency basis your partner has elected.
collateral for securities lending transactions;
                                                                        For purposes of item (iv), if a multi-family structure securing a 
  (ii) obligations of the U.S. or of a state or political subdivision loan is used in part for nonresidential use purposes, the entire 
thereof, and stock or obligations of a corporation which is an        loan is deemed a residential real property loan if the planned 
instrumentality or a government sponsored enterprise of the           residential use exceeds 80% of the property’s planned use 
U.S. or of a state or political subdivision thereof;                  (measured, at your partner’s election, by using square footage 
  (iii) loans secured by a deposit or share of a member;              or gross rental revenue, and determined as of the time the 
  (iv) loans secured by an interest in real property which is (or     loan is made).
from the proceeds of the loan, will become) residential real            For purposes of item (iv), loans made to finance the 
property or real property used primarily for church purposes,         acquisition or development of land shall be deemed to be 
and loans made for the improvement of residential real                loans secured by an interest in residential real property if 
property or real property used primarily for church purposes.         there is a reasonable assurance that the property will become 
For purposes of this item, residential real property includes         residential real property within a period of three years from 
single or multi-family dwellings, facilities in residential           the date of acquisition of such land; but this does not apply 

Partnership’s instructions for Form IT-204.1                                                         IT-204-I (2020)  Page 21 of 30

to any tax year unless, within such three-year period, such         are not subject to the MTA surcharge and, as a result, do not 
land becomes residential real property. For purposes of             need you to supply to them MCTD amounts.
determining whether any interest in a REMIC qualifies under 
item (vi), any regular interest in another REMIC held by such       The instructions below for Apportionment Part 2 should be read 
REMIC shall be treated as a loan described in a preceding           in conjunction with Form CT-3-I, Instructions for Form CT-3, 
item under principles similar to the principle of such item (vi),   Part 6.
except that if such REMICs are part of a tiered structure, they 
shall be treated as one REMIC for purposes of such item (vi).       Apportionment Part 1, lines 3 through 7
                                                                    Enter the MCTD amounts in column A and the New York State 
Line 33 – Gross interest income from qualifying loans               amounts in column B. Everywhere amounts are not needed for 
For purposes of these instructions, a qualifying loan is a loan     these lines.
that meets the following conditions:
                                                                    Average value of real and tangible personal property means the 
  (i) the loan is originated by the qualified community bank or     adjusted basis of such property for federal income tax purposes. 
small thrift institution or purchased by the qualified community    However, the partner may make an election to use FMV as the 
bank or small thrift institution immediately after its origination, value of its real and tangible personal property.
in connection with a commitment to purchase made by the 
bank or thrift institution prior to the loan’s origination;         FMV of real and tangible personal property owned means the 
                                                                    price (without deduction of an encumbrance whether or not the 
  (ii) the loan is a small business loan or a residential mortgage  partnership is personally liable) at which a willing seller will sell 
loan, the principal amount of which is $5 million or less, and      and a willing purchaser will buy.
either the borrower is located in this state as determined 
under Tax Law section 210-A and the loan is not secured by          Apportionment Part 1, line 3 – Enter the average value 
real property, or the loan is secured by real property located in   based on the method being used by your partner (adjusted 
New York.                                                           basis or FMV) of real property you owned. Do not include real 
                                                                    property and related equipment (except inventoriable goods) 
A loan that meets the definition of a qualifying loan in a prior    that are under construction and are not occupied or used by the 
tax year (including years beginning prior to January 1, 2015)       partnership during construction. Include property or equipment 
remains a qualifying loan in tax years during and after which       under construction that is partially used in the regular course of 
such loan is acquired by another corporation in the partner’s       business of the partnership only to the extent used.
combined reporting group under Tax Law section 210-C.
                                                                    Apportionment Part 1, line 4 – Enter the average value 
Items related to manufacturing                                      of rented real property. The value of rented real property 
                                                                    is generally eight times the gross rent payable during the 
Line 34 – Total receipts from the sale of goods by                  year covered by this return. Gross rent includes any amount 
manufacturing                                                       payable as rent or in lieu of rent (such as taxes or repairs), and 
Enter the total receipts from the sale of goods produced by         amortization of leasehold improvements that revert to the lessor 
manufacturing, processing, assembling, refining, mining,            at the end of the lease.
extracting, farming, agriculture, horticulture, floriculture, 
viticulture, or commercial fishing. Receipts from such sales        Apportionment Part 1, line 6 – Enter the average value based 
made to your corporate partners must be eliminated.                 on the method being used by your partner (adjusted basis 
                                                                    or FMV) of tangible personal property you owned, such as 
Note: Receipts from the generation and distribution of electricity, machinery, tools, and implements. Do not include cash, shares 
the distribution of natural gas, and the production of steam        of stock, bonds, notes, credits, evidences of an interest in 
associated with the generation of electricity are not reported on   property, or evidences of credit.
this line.
                                                                    Apportionment Part 1, line 7 – Enter the average value of 
Line 35 – New York adjusted basis of qualified                      tangible personal property you rented. The value of rented 
manufacturing property                                              tangible personal property is generally eight times the gross rent 
                                                                    payable during the year covered by this return.
Enter the New York adjusted basis of qualified manufacturing 
property at the close of the tax year (see TSB-M-19(5)C). The       Apportionment Part 2, lines 1 through 53a –   These lines 
term qualified manufacturing property means property which:         represent the types of receipts for which your partner must 
•  has a situs in New York State; and                               report MCTD, New York State, and Everywhere amounts for 
                                                                    apportionment purposes. As a result, you must provide MCTD, 
•  is principally used by you in the production of goods by         New York State, and Everywhere amounts for certain of these 
manufacturing, processing, assembling, refining, mining,            lines. See the specific line instructions below for information 
extracting, farming, agriculture, horticulture, floriculture,       regarding when negative amounts should be entered on certain 
viticulture, or commercial fishing.                                 lines.
Apportionment and Metropolitan Commuter                             For those lines for which your partner’s share of your MCTD, 
Transportation District (MCTD) information                          New York State, and Everywhere amounts may simply be 
                                                                    reported to such partners, also see Form CT-3-I, Part 6, for 
If you earned any New York State receipts, column B for             specific instructions on how to source the receipts on those 
Apportionment, Part 2, lines 1 through 53a must be completed        lines. In completing column A, read Form CT-3-I, Part 6 
following the instructions below. If you earned any MCTD            instructions by substituting MCTD for New York State.
receipts, column A for such lines must be completed following 
the instructions below.                                             For those lines for which MCTD, New York State, and 
                                                                    Everywhere amounts cannot simply be passed on to your 
The MCTD includes the counties of New York, Bronx, Kings,           partners without special instructions, such instructions 
Queens, Richmond, Dutchess, Nassau, Orange, Putnam,                 are provided below, or in the partnership’s instructions for 
Rockland, Suffolk, and Westchester. Federal S corporations that     Form IT-204-CP (beginning on page 23 of these instructions). 
have made the election to be a New York State S corporation         However, you may still need to refer to Form CT-3-I, Part 6 
                                                                    instructions for certain information when completing these lines, 

Page 22 of 30       IT-204-I (2020)                                                     Partnership’s instructions for Form IT-204.1

such as information concerning marked to market financial            Line 21 – In column C (Everywhere), enter the amount 
instruments, types of financial instruments, sourcing rules, or      of summing your gains and losses from sales of other 
hierarchy methods.                                                   asset-backed securities not reported on line 20. If the amount 
                                                                     is a loss, enter the negative amount using a minus (-) sign. Also 
Note: For all lines, all receipts sourced at the partnership level   see line 58.
are sourced using the general apportionment rules as detailed 
in the Form CT-3-I, Part 6 instructions; the option to source        Lines 22 through 24 – Mark an   inXthe box next to 
receipts from qualified financial instruments (QFIs) under the 8%    Section 210-A.5(a)(2)(D) if you marked to market under IRC 
fixed percentage method election is available at the corporate       sections 475 or 1256 any of the financial instruments described 
partner level only (or at the combined filing level if the corporate on any of lines 22 through 24.
partner is included in a combined group filing Form CT-3-A).
                                                                     Line 23 – In column C (Everywhere), enter the amount of 
Line 3 – If the result of summing the gains and losses for a         summing your gains and losses from sales of corporate bonds 
particular column (column A, B, or C) is a net loss, enter the       sold through a registered securities broker or dealer, or through 
negative amount using a minus (-) sign.                              a licensed exchange. If the amount is a loss, enter the negative 
                                                                     amount using a minus (-) sign.
Lines 7 and 7a – For those receipts that you are able to source 
using either of hierarchy methods 1 or 2, include the MCTD,          Line 24 – In column C (Everywhere), enter the amount of 
New York State, and Everywhere amounts for those receipts            summing your gains and losses from sales of corporate bonds 
on line 7. For those receipts that you are able to source using      not sold through a registered securities broker or dealer, or 
either method 3 or 4, include the MCTD, New York State,              through a licensed exchange. If the amount is a loss, enter the 
and Everywhere amounts of such receipts on line 7a. See              negative amount using a minus (-) sign. Also see line 59.
Form CT-3-I, Part 6, line 7 for the hierarchy methods.
                                                                     Line 25 – See lines 72 through 77 for the information to report.
Line 10 – In column C (Everywhere), enter the amount of 
summing your gains and losses from sales of loans secured by         Line 26 – In column C (Everywhere), enter the result of 
real property. If the amount is a loss, enter the negative amount    summing your interest income and interest expense from federal 
using a minus (-) sign. Also see line 56.                            funds. If the amount is a loss, enter the negative amount using a 
                                                                     minus (-) sign.
Line 11 – Mark an   inXthe box if you marked to market under 
IRC sections 475 or 1256       any loans not secured by real         Lines 27 and 28 – Mark an   inXthe box next to the Tax Law 
property. If you mark the box, then you must also mark the box       section citation above the line when a financial instrument of the 
on line 12.                                                          type reportable on that line has been marked to market under 
                                                                     IRC sections 475 or 1256.
Line 12 – Mark an   inXthe box if you marked to market under 
IRC sections 475 or 1256 any loans not secured by real               Line 27 – Subtract from your income from sales of physical 
property. If you mark the box, then you must also mark the box       commodities the cost to acquire or produce such commodities. 
on line 11.                                                          Enter the result in column C. If the amount is a loss, enter the 
                                                                     negative using a minus (-) sign. Also see line 60.
In column C (Everywhere), enter the amount of summing 
your gains and losses from sales of loans not secured by real        Line 28 – Marked to market (MTM) net gains are sourced at the 
property. If the amount is a loss, enter the negative amount         corporate partner level. See the instructions for lines 61 through 
using a minus (-) sign. Also see line 57.                            71, and use lines 61 through 71 to report MTM net gains and 
                                                                     losses by type of financial instruments.
Lines 13 through 18 – Mark an   inXthe box next to 
Section 210-A.5(a)(2)(B) if you marked to market under IRC           Lines 29 through 30f – Mark an   inXthe box next to 
sections 475 or 1256 any of the financial instruments described on   Section 210-A.5(a)(2)(H) if you marked to market under IRC 
any of lines 13 through 18.                                          sections 475 or 1256 any “other” financial instruments that fall 
                                                                     under the sourcing rules of Section 210-A.5(a)(2)(H). Mark an 
Line 16 – If the result of summing the gains and losses for          X in the box next to Section 210-A.5(a)(2)(G) if you marked 
column C is a net loss, enter the negative amount using a            to market under IRC sections 475 or 1256 any stock that is 
minus (-) sign in such column.                                       business capital or any partnership interest in a widely held or 
                                                                     publicly traded partnership.
Line 17 – In column C (Everywhere), enter 100% of your 
receipts constituting interest from debt instruments issued by       Lines 29 through 30c – Business receipts from “other” financial 
other states and their political subdivisions.                       instruments must be reported on a type-by-type basis; such 
                                                                     receipts are sourced and netted only with receipts from “other” 
Line 18 – In column C (Everywhere), enter 100% of the result of      financial instruments of the same type. If you have interest, 
summing your gains and losses from sales of debt instruments         gains/(losses) from sales of, or other income/(losses) from, 
issued by other states and their political subdivisions. If the      any “other” financial instruments, you must submit a statement 
amount is a net loss, enter the negative amount using a              providing a breakdown of all such interest, net gains/(losses), 
minus (-) sign.                                                      and net other income/(losses) by line number (lines 29 through 
Lines 19 through 21 – Mark an   inXthe box next to                   30c) and by type of other financial instruments. If you have 
Section 210-A.5(a)(2)(C) if you marked to market under IRC           receipts reportable on any of lines 29 through 30c from more 
sections 475 or 1256 any of the financial instruments described      than one type of “other” financial instruments, use an additional 
on any of lines 19 through 21.                                       such line for each separate type of “other” financial instruments 
                                                                     for which you are reporting receipts. Clearly identify each type 
Line 20 – In column C (Everywhere), enter the amount of              of “other” financial instruments for which receipts are being 
summing your gains and losses from sales of 1) asset-backed          reported. Use the specific line instructions below to complete 
securities, or other securities, issued by government agencies,      the statement you must submit. It is an instrument by instrument 
and 2) sales of asset-backed securities through a registered         determination as to when “other” financial instruments are of the 
securities broker or dealer or through a licensed exchange. If the   same type. For lines 29, 30, and 30b you must provide amounts 
amount is a loss, enter the negative amount using a minus (-)        for all columns. For lines 30a and 30c, provide amounts for 
sign.                                                                column C (Everywhere) only.

Partnership’s instructions for Form IT-204.1                                                   IT-204-I (2020)  Page 23 of 30

Line 30 – Use this line to report sales of other financial         Line 50 – Enter in column C 100% of the receipts received from 
instruments of the same type where the purchaser or payor is       sales of advertising on television or the radio.
not a registered securities broker or dealer, or the transaction 
is not made through a licensed exchange. In column C               Line 51 – Enter in column C 100% of the receipts from the sales 
(Everywhere), enter the amount of summing your gains and           of advertising not reported on either line 49 or line 50 that is 
losses from all such sales. In column B (New York State), enter    furnished, provided, or delivered to, or accessed by the viewer 
the amount of summing your gains and losses from these sales       or listener through the use of wire, cable, fiber-optic, laser, 
where the purchaser or payor is located in New York State. If the  microwave, radio wave, satellite or similar successor media, or 
result of summing the gains and losses in a particular column      any combination of these. 
(column A, B, or C) is a net loss, enter the negative amount in    Line 52 – Enter in column C 100% of the receipts received from 
the column using a minus (-) sign.                                 the transportation or transmission of gas through pipes.
Line 30a – Use this line to report sales of other financial        Lines 53 and 53a – For those receipts that you are able to 
instruments of the same type where the purchaser or payor is       source using either of hierarchy methods 1 or 2, include the 
a registered securities broker or dealer, or the transaction is    MCTD, New York State, and Everywhere amounts for those 
made through a licensed exchange. In column C (Everywhere),        receipts on line 53. For those receipts that you are able to 
enter the amount of summing your gains and losses from all         source using either method 3 or 4, include the MCTD, New York 
such sales. If the result of summing the gains and losses in       State, and Everywhere amounts of such receipts on line 53a. 
column C is a loss, enter the negative amount in column C using    See Form CT-3-I, Part 6, line 53 for the hierarchy methods.
a minus (-) sign.
Line 30b – Use this line to report other income from other         Payroll
financial instruments of the same type where the payor is not a    Line 54 – Everywhere amounts are not needed for this line. In 
registered securities broker or dealer, or the transaction is not  column A, enter the wages, salaries, and other compensation 
made through a licensed exchange. In column C (Everywhere),        of employees (excluding employees having partnership-wide 
enter the amount of all such other income. In column B (New        authority or having responsibility for an entire division of the 
York State), enter the amount of this income where the payor is    partnership) located within the MCTD. Employees within the 
located in New York State. If the result of summing the income     MCTD include all employees regularly connected with or working 
and losses in a particular column (column A, B, or C) is a loss,   out of an office or other place of business you maintained within 
enter the negative amount in the column using a minus (-) sign.    the MCTD, no matter where the services of the employees were 
                                                                   performed. 
Line 30c – Use this line to report other income from other 
financial instruments of the same type where the payor is a        In column B, enter the wages, salaries, and other compensation 
registered securities broker or dealer, or the transaction is made of employees (excluding employees having partnership-wide 
through a licensed exchange. In column C (Everywhere), enter       authority or having responsibility for an entire division of the 
the amount of all such other income. If the result of summing      partnership) located within New York State. Employees within 
the income and losses in column C is a loss enter the negative     New York State include all employees regularly connected 
amount in column C using a minus (-) sign.                         with or working out of an office or other place of business you 
                                                                   maintained within New York State, no matter where the services 
Lines 30d through 30f – Use these lines to report dividends        of the employees were performed.
from stock that is business capital, net gains/(losses) from sales 
of stock that is business capital, and net gains/(losses) from     Line 55 – See Form CT-3-I, Part 1, Section A, line 6 instructions 
sales of partnership interests in widely held or publicly traded   for how to calculate.
partnerships, respectively.
                                                                   Gross proceeds or receipts from certain sales (for 
Line 30d – In column C (Everywhere), enter the amount of all       apportionment purposes)
such dividend income.
                                                                   Line 56 – Enter in column B (New York State) the amount of 
Note: Do not include any IRC section 965 amounts.                  gross proceeds from sales of loans secured by real property 
                                                                   located within the state. Enter in column C (Everywhere) the 
Lines 30e and 30f – If the result of summing the applicable        amount of gross proceeds from sales of loans secured by real 
gains and losses in column C is a loss, enter the negative         property located within and without the state. Gross proceeds 
amount in the column using a minus (-) sign.                       are determined after the deduction of any cost incurred to 
Line 42 – If you are a credit card processor, enter in             acquire the loans. If, for either column, the gross proceeds 
column C 100% of the amount of all other receipts not reported     amount is a negative amount, enter the negative amount using a 
on lines 1 through 41 or 43 through 52.                            minus (-) sign.
Line 43 – If you provide services to investment companies, enter   Line 57 – Enter in column B (New York State) the amount of 
in column C 100% of the receipts received from investment          gross proceeds from sales of loans not secured by real property 
companies arising from the sale of management, administration,     to purchasers located within the state. Enter in column C 
or distribution services to the investment company.                (Everywhere) the amount of gross proceeds from sales of loans 
                                                                   not secured by real property to purchasers located within and 
Line 45 – Enter in column C 100% of the receipts received from     without the state. Gross proceeds are determined after the 
the conduct of a railroad business or a trucking business.         deduction of any cost incurred to acquire the loans. If, for either 
Line 46 – Enter in column C 100% of the receipts received from     column, the gross proceeds amount is a negative amount, enter 
the operation of vessels.                                          the negative amount using a minus (-) sign.
Line 48 – Enter in column C 100% of the receipts received from     Line 58 – Enter in column B (New York State) the amount of 
aviation services other than services the receipts from which are  gross proceeds from sales of other asset-backed securities 
reported on line 47.                                               to purchasers located within the state. Enter in column C 
                                                                   (Everywhere) the amount of gross proceeds from sales of other 
Line 49 – Enter in column C 100% of the receipts received from     asset-backed securities to purchasers located within and without 
sales of advertising in newspapers or periodicals.                 the state. Gross proceeds are determined after the deduction of 

Page 24 of 30 IT-204-I (2020)                                                         Partnership’s instructions for Form IT-204.1

any cost incurred to acquire the securities. If, for either column, Marked to market gain or loss from            Enter net gain 
the gross proceeds amount is a negative amount, enter the                    deemed sales of:                     or loss on line
negative amount using a minus (-) sign.
                                                                    Loans secured by real property                61
Line 59 – Enter in column B (New York State) the amount of 
gross proceeds from sales of corporate bonds not sold through       Loans not secured by real property            62
a registered securities broker or dealer, or through a licensed     Federal debt instruments                      63
exchange, that were sold to purchasers located within the state. 
Enter in column C (Everywhere) the amount of gross proceeds         New York State and its political subdivisions 64
from sales of corporate bonds not sold through a registered         debt instruments
securities broker or dealer, or through a licensed exchange, that   Other states and their political subdivisions 65
were sold to purchasers located within the state and without the    debt instruments
state. Gross proceeds are determined after the deduction of 
any cost incurred to acquire the bonds. If, for either column, the  1) Asset-backed securities, or other          66
gross proceeds amount is a negative amount, enter the negative      securities, issued by government agencies, 
amount using a minus (-) sign.                                      or 2) asset-backed securities through an 
                                                                    exchange
Line 60 – Include in column B the amount of your receipts from      All other asset-backed securities             67
sales of physical commodities actually delivered to points in New 
York State. If there was no actual delivery of the commodity,       Corporate bonds through licensed exchange     68
also include in column B your receipts from sales of physical       or broker/dealer
commodities sold to purchasers within New York State. Include       Other corporate bonds                         69
in column C the amount of your receipts from sales of physical 
commodities actually delivered to points both within and            Physical commodities                          70
without New York State. If there was no actual delivery of the      Other financial instruments of one type       71
commodity, also include in column C your receipts from sales of 
physical commodities sold to purchasers both within and without 
New York State.                                                     New York adjustments due to decoupling from 
                                                                    the IRC
Marked to market net gain or loss from deemed sales                 Line 1 – Enter the amount reported on Form IT-204, Section 12, 
(for apportionment purposes)                                        line 1.
Lines 61 through 71                                                 Line 2 – Enter the amount reported on Form IT-204, Section 12, 
Use the table below to enter on the appropriate line the marked     line 2.
to market net gain or loss for each type of financial instrument    If you adjusted your excess business interest expense or 
shown in the table. If the amount is a loss, enter the negative     your excess taxable income as a result of decoupling from 
amount using a minus (-) sign.                                      IRC § 163(j), you must also provide to your partners a separate 
If you have receipts reportable on line 71 from only one type of    statement indicating their distributive share of each adjustment.
“other” financial instruments, enter the MTM net gain/(loss) from 
that type of “other“ financial instruments on line 71 and submit a 
statement identifying such type of “other” financial instruments.
If you have receipts reportable on line 71 from more than one 
type of “other” financial instruments you must leave line 71 
blank and submit a statement providing a breakdown of all such 
MTM gains/(losses) by type of “other” financial instruments. It 
is an instrument by instrument determination as to when “other” 
financial instruments are of the same type. You cannot net 
MTM gains/(losses) across different types of “other” financial 
instruments.

Partnership’s instructions for Form IT-204-CP                                                               IT-204-I (2020)  Page 25 of 30

                         Partnership’s instructions for Form IT-204-CP
                               New York Corporate Partner’s Schedule K-1
General information                                                 Corporate Partners, that isvalid for 2020, mark an  inXthe         Yes 
                                                                    box. If the Yes box is marked, do not complete item K.
Form IT-204-CP should be provided to each corporate partner 
filing Form CT-3, CT-3-S, or included in a combined group filing    Item K – Enter the amount of estimated tax paid on behalf 
Form CT-3-A, under Article 9-A on or before the day on which        of the partner from Form(s) CT-2658 on lines K1 through K4, 
the partnership return is required to be filed. Form IT-204-CP      and the total amount paid on line K. If you  need more space to 
should also be provided to each partner that is a partnership       report payments, include a separate sheet showing all relevant 
or an LLC. All partners being provided with a Form IT-204-CP        prepayment information. Transfer the total shown on the 
should also be provided a copy of Form IT-204-CP-I, Partner’s       additional sheet to item K.
Instructions for Form IT-204-CP, to help them report on their       Item L –If you marked an   inXthe       Yes box on Form IT-204 in 
franchise tax return the items shown on their Form IT-204-CP.       item R, mark an   inXthe   Yes box here; if you marked an   in theX
Note: The partnership must provide to each partner a statement      No box on Form IT-204 in item R, mark an   in theX      No box here.
indicating the partner’s distributive share of contributions to one 
or more of the following New York Charitable Gifts Trust Fund       Partner’s distributive share and 
accounts: 
                                                                    proportionate part
–  Health Charitable Account; or                                    A partner’s distributive share of any item of income, gain, 
–  Elementary and Secondary Education Account.                      loss, deduction, or credit shall generally be determined by the 
                                                                    partnership agreement (see IRC section 704(a)). However, IRC 
Farm donations to food pantries credit                              section 704(b) provides that if (1) the partnership agreement 
If the partnership claimed a credit on Form IT-649, Farm            does not specify the partner’s distributive share of such item, or 
Donations to Food Pantries Credit, the partnership must provide     (2) the allocation of such items to a partner under the partnership 
to each corporate partner filing Form CT-3-S a statement            agreement does not have substantial economic effect, then a 
indicating the partner’s distributive share of the amount of        partner’s distributive share of income, gain, loss, deduction, or 
qualified donations to a food pantry included in the partnership’s  credit (or item thereof) must be determined in accordance with 
charitable contributions amount.                                    the partner’s interest in the partnership, determined by taking 
                                                                    into account all of the facts and circumstances.
                                                                    A partner’s proportionate part of the partnership’s assets, 
Specific instructions                                               liabilities, and activities is generally determined in accordance 
                                                                    with the partner’s capital interest in the partnership.
Partnership’s information
On each Form IT-204-CP, enter the tax year of the partnership       Partners that are partnerships or LLCs
the partnership is reporting for, the name, and the EIN of the      If you are completing Form IT-204-CP for a partner that is a 
partnership.                                                        partnership or an LLC (see Item D above), you must complete 
                                                                    all parts of Form IT-204-CP, including all parts labeled for New 
Partner’s information                                               York C corporate partners only and all parts labeled for New 
For the corporate partner (or the partner that is a partnership or  York S corporate partners only.
an LLC) for which you are completing this Form IT-204-CP, enter 
the partner’s name, address, and EIN.                               Partner’s share of entire net income (ENI) 
Item D – If you have a partner that is a partnership or an LLC,     information when the corporate partner’s New 
you must provide that partner with both Forms IT-204-CP and         York tax filing status is a C corporation
IT-204-IP, because such partners will need the information          The partner’s distributive share of the ENI modifications listed 
from both forms to provide the necessary information to their       on pages 15 and 16 of these instructions must be added to or 
own partners; this will ensure that all Article 22 and Article 9-A  subtracted from each partner’s federal taxable income in arriving 
partners further up in the partnership tier or chain receive the    at the partner’s ENI. 
necessary information.
                                                                    Line 1  ENI addition modifications – For the partner, enter 
Item G – Enter the partner’s share percentages as reported on       its distributive share of the addition modifications listed on 
federal Schedule K-1, item J.                                       Form IT-204.1, page 1, line 1. Enter in column A any applicable 
Item H – Enter the partner’s share of liabilities as reported on    additions by EA number, and list the amount of the distributive 
federal Schedule K-1, item K.                                       share of each addition in column B. Provide the total amount of 
                                                                    additions on line 1. 
Item I – Enter the partner’s capital account analysis as reported 
on federal Schedule K-1, item L. However, enter on lines 2          Line 2  ENI subtraction modifications – For the partner, 
and 3 of item I, the amount of cash and property contributed        enter its distributive share of the subtraction modifications 
by that partner to the partnership as shown on New York State       listed on Form IT-204.1, page 1, line 2. Enter in column A any 
Form IT-204, Section 6, lines 76 and 77. Enter on line 5 of item I, applicable subtractions by ES number, and list the amount of the 
the amount of withdrawals and distributions of cash to that         distributive share of each subtraction in column B. Provide the 
partner, from Form IT-204, Section 6, line 81. Enter on line 6 of   total amount of subtractions on line 2.
item I, the amount of withdrawals and distributions of property 
made to that partner from Form IT-204, Section 6, line 82. 
Item J – If this partner submitted a Form CT-2658-E, Certificate 
of Exemption from Partnership Estimated Tax Paid on Behalf of 

Page 26 of 30  IT-204-I (2020)                                                        Partnership’s instructions for Form IT-204-CP

Partner’s proportionate part of assets and                         receipts from the generation and distribution of electricity that is 
liabilities (for New York C corporate partners only)               not included in this line.
Lines 3 through 9                                                  Line 35 – Enter the partner’s proportionate part of the amount 
                                                                   from Form IT-204.1, page 4, line 35.
Enter the partner’s proportionate part of your assets and 
liabilities that you reported on the corresponding lines of        Line 35a – Enter the partner’s share of the amount from 
Form IT-204.1.                                                     Form IT-204.1, page 4, line 36.

Partner’s proportionate part of items related to                   Partner’s share of New York modifications (for 
investment capital under Article 9-A (for New York                 New York S corporate partners only)
C corporate partners only)                                         You must report to each S corporation partner any of the 
For Parts 1, 2, 3, and 5, in rows A through F, and in the row      applicable modifications from Form IT-225 and Form IT-204, 
Total from additional sheet(s), enter in columns A through G       lines 111 and 113. These modifications must be added to 
the information for the partnership as a whole, exactly as         or subtracted from the S corporation shareholder’s federal 
it is reported on the corresponding parts and rows of your         adjusted gross income or itemized deductions on their New York 
Form IT-204.1. Submit the copies of the same additional            State personal income tax return, in arriving at total New York 
sheet(s) that you submitted with your Form IT-204.1, if any.       income and New York itemized deduction, respectively. The 
                                                                   S corporation must report this information on Form CT-225 and 
Lines 10 through 15 – For lines 10 through 14 in columns F         Form CT-34-SH.
and G, enter the partner’s proportionate part of the totals 
that you reported on the corresponding lines and columns of        Line 36  New York State additions – Enter in column A on 
Form IT-204.1. For line 15, enter the partner’s distributive share lines 36a through 36f the partner’s distributive share of the total 
of the amount from the corresponding line of Form IT-204.1.        amount for each applicable addition modification reported by 
                                                                   you on Form IT-225. Each addition modification is designated 
Partner’s share of items related to investment                     by the letters EA. Be sure to enter the corresponding number 
                                                                   of the addition next to the letters EA. If you are reporting more 
and other exempt income under Article 9-A (for                     than six addition modifications for the partner, include a separate 
New York C corporate partners only)                                schedule.
Lines 16 through 22 – Enter the partner’s distributive share of 
the amounts from the corresponding lines of Form IT-204.1. If      Line 37 – Enter the column A total of lines 36a through 36f 
the amount reported on the corresponding line of Form IT-204.1     and any additional schedule(s) (if more than six addition 
is a negative amount, report the partner’s share of such negative  modifications) on this line.
amount using a minus (-) sign. You must also provide to your       Line 38  New York State subtractions – Enter in column A on 
partner a statement listing, for each of these lines, the amounts  lines 38a through 38f the partner’s distributive share of the total 
by asset/investment. On such statement, for all lines, identify    amount for each applicable subtraction modification reported 
each asset/investment by Name/CUSIP/CINS and lot number;           on Form IT-225. Each subtraction modification is designated by 
or, for line 19, provide other applicable identifying information. the letters ES. Be sure to enter the corresponding number of the 
On such statement, for line 19 amounts, you must list income       subtraction next to the letters ES. If you are reporting more than 
amounts separately from net gain or loss amounts. Note:            six subtraction modifications for the partner, include a separate 
For line 19 amounts, when netting at the corporate partner or      schedule.
combined group level on Form CT-3.1, losses can only be netted 
against gains; losses cannot be netted against any other income    Line 39 – Enter the column A total of lines 38a through 38f 
amounts, such as interest income.                                  and any additional schedule(s) (if more than six subtraction 
                                                                   modifications) on this line.
Partner’s share of items related to interest                       Line 40  Additions to itemized deductions – 
deductions directly attributable to investment                     Enter in the Amount column on lines 40a through 40f the 
and other exempt income under Article 9-A (for                     partner’s distributive share of the total amount of each addition 
New York C corporate partners only)                                modification reported on Form IT-204, lines 111a through 111f. 
                                                                   Be sure to enter the corresponding letter for each addition in the 
For lines 23 through 31, enter the partner’s distributive share    Letter box.
of the deduction amounts from the corresponding lines of 
Form IT-204.1.                                                     Line 42  Subtractions from itemized deductions – Enter 
                                                                   in the Amount column on lines 42a through 42f the partner’s 
Partner’s share and proportionate part of items                    distributive share of the total amount of each subtraction 
related to subtraction modification for qualified                  modification reported on Form IT-204, lines 113a through 113f. 
                                                                   Be sure to enter the corresponding letter for each subtraction in 
banks                                                              the Letter box.
Line 32 – Enter the partner’s proportionate part of the amount 
from Form IT-204.1, page 4, line 32.
                                                                   Partner’s share of income, deductions, etc.
Lines 33 through 33b – Enter the partner’s distributive share of 
the amount from Form IT-204.1, page 4, lines 33 through 33b.       Lines 44 through 60
                                                                   Transfer the amounts from the corporate partner’s federal 
                                                                   Form 1065, Schedule K-1. However, for line 19 of federal 
Partner’s share and proportionate part of items                    Form 1065, Schedule K-1, determine the portion of line 19 that 
related to manufacturing                                           represents distributions of cash and marketable securities, and 
Line 34 – Enter the partner’s distributive share of the amount     distributions of other property, and enter those amount(s) on 
from Form IT-204.1, page 4, line 34. In addition, you must         Form IT-204-CP, lines 58 and 59, respectively. Be sure to write 
provide your partner with a separate statement that reports any    in the Identify boxes, where provided, the type(s) and amount(s) 
                                                                   of what is included on each specific line.

Partnership’s instructions for Form IT-204-CP                                                         IT-204-I (2020)  Page 27 of 30

Partner’s credit information                                        Part 2 – Flow through credits, addbacks, and 
                                                                    recaptures 
Part 1 – Flow through credit bases and                                        If you reported a long-term care insurance credit 
                                                                    Line 78 – 
information                                                         on line 145 of Form IT-204, enter code 249 and the partner’s 
Brownfield redevelopment tax credit                                 distributive share of that amount.
Lines 61, 62, and 63                                                For all other credits, you must enter the 3-digit code number 
Enter the partner’s distributive share of any amounts from          identifying each credit and the partner’s distributive share of that 
Form IT-611 in column A, from Form IT-611.1 in column B, from       credit from Form IT-204, lines 147a through 147h.
Form IT-611.2 in column C.                                          If you reported a rehabilitation of historic properties credit on 
Line 61 – Enter the partner’s distributive share of the site        Form IT-204, Section 11, Part 2, you must provide to your 
preparation cost from Form IT-204, lines 144a through 144f,         partners a separate statement indicating the project number(s). 
code 107.                                                           The project number is the Nation Park Services (NPS) number 
                                                                    that identifies the rehabilitation project. Project number(s) 
Line 62 – Enter the partner’s distributive share of the tangible    must be provided for tax credit amounts passed through to 
property cost from Form IT-204, lines 144a through 144f,            the partnership and for tax credit amounts generated by the 
code 108.                                                           partnership.
Line 63 – Enter the partner’s distributive share of the on-site     Line 79 – For all other addbacks of credits and recaptures, you 
groundwater remediation cost from Form IT-204, lines 144a           must enter the 3-digit code number identifying each addback or 
through 144f, code 109.                                             recapture and the partner’s distributive share of that addback or 
                                                                    recapture from Form IT-204, lines 148a through 148f.
QEZE tax reduction credit
                                                                    Part 3 – START-UP NY tax elimination credit 
Lines 66, 67, and 68
Enter the QEZE employment increase factor, QEZE zone                information
allocation factor, and QEZE benefit period factor from              Lines 80, 81, and 82
Form IT-204, lines 133, 134, and 135.                               Enter on these lines the information from Form IT-204, lines 149, 
                                                                    150, and 151.
Excelsior jobs program tax credit
                                                                    You must also provide to your partner a separate statement 
Lines 69 through 72                                                 indicating the name of the sponsoring campus, university, or 
Enter the partner’s distributive share of the excelsior jobs        college; if you are certified by more than one sponsor, list all 
program tax credit from Form IT-204, lines 136 through 139.         sponsors on such statement.

Farmers’ school tax credit                                          Partner’s share of apportionment and 
Line 73 – Enter the partner’s distributive share of acres of        Metropolitan Commuter Transportation 
qualified agricultural property from Form IT-204, line 140.
                                                                    District (MCTD) information
Line 74 – Enter the partner’s distributive share of acres of        New York S corporations are not subject to the MCTD tax 
qualified conservation property from Form IT-204, line 141.         surcharge. As a result, they do not need MCTD amounts.
Line 75 – Enter the partner’s distributive share of eligible school The MCTD includes the counties of New York, Bronx, Kings, 
district property taxes paid by the partnership from Form IT-204,   Queens, Richmond, Dutchess, Nassau, Orange, Putnam, 
line 142.                                                           Rockland, Suffolk, and Westchester.
Line 76 – Enter the partner’s distributive share of acres of        When computing property and receipts, eliminate inter-entity 
qualified agricultural property converted to nonqualified use from  rental expenses paid to your corporate partner and receipts from 
Form IT-204, line 143.                                              sales to your corporate partner, respectively.
Other flow-through credit bases and information                     Apportionment, Part 1, lines 3 through 7 – Enter the MCTD 
                                                                    amounts in column A and the New York State amounts in 
Lines 77a through 77f                                               column B. Everywhere amounts are not needed for these lines.
Investment tax credit – If you entered code 212 on                  Average value of real and tangible personal property means the 
Form IT-204, lines 144a through 144f, enter code 212 and the        adjusted basis of such property for federal income tax purposes. 
partner’s proportionate part of the investment tax credit base      However, the partner may make an election to use FMV as the 
(excluding R&D property) of such amount, and enter code 218         value of such property.
and the partner’s proportionate part of the R&D investment tax 
credit base.                                                        FMV of real and tangible personal property owned means the 
                                                                    price (without deduction of an encumbrance whether or not the 
Note: If you were a shareholder in a C corporation that has a       partnership is personally liable) at which a willing seller will sell 
special gross income from farming election, enter the code and      and willing purchaser will buy.
the partner’s distributive share of the amount as reported on 
Form IT-204, lines 144a through 144f.                               Apportionment, Part 1, line 3 – Enter, for the method being 
                                                                    used by your partner (FMV or adjusted basis), the partner’s 
Lines 77g through 77l                                               share of the average value of real property you owned. Do 
If you are filing multiple Forms IT-604, Claim for QEZE Tax         not include real property and related equipment (except 
Reduction Credit, and/or Form IT-638, enter the code and            inventoriable goods) that are under construction and are not 
the partner’s credit information as reported on Form IT-204,        occupied or used by the partnership during construction. Include 
lines 144g through 144l.                                            property or equipment under construction that is partially used 

Page 28 of 30      IT-204-I (2020)                                                       Partnership’s instructions for Form IT-204-CP

in the regular course of business of the partnership only to the    partner (on Form IT-204-CP, Apportionment Part 2) by hierarchy 
extent used.                                                        method (3 or 4) and digital product, for each column. See 
                                                                    Form CT-3-I, Part 6, line 7, for the hierarchy methods.
Apportionment, Part 1, line 4 –   Enter the partner’s share of the 
average value of rented real property. The value of rented real     Line 10 – Enter in column C (Everywhere), the partner’s 
property is generally eight times the gross rent payable during     share of the amount entered in Form IT-204.1, Apportionment 
the year covered by this return. Gross rent includes any amount     Part 2, line 10, column C (Everywhere). If the amount reported 
payable as rent or in lieu of rent (such as taxes or repairs), and  in column C (Everywhere) for line 10 of Form IT-204.1, 
amortization of lease-hold improvements that revert to the lessor   Apportionment Part 2 is a negative amount, report the partner’s 
as the end of the lease.                                            share of such negative amount in column C (Everywhere) as a 
                                                                    negative amount using a minus (-) sign. MCTD and New York 
Apportionment, Part 1, line 6 –   Enter, for the method being       State amounts are not reported to your partner for line 10. Also, 
used by your partner (FMV or adjusted basis), the partner’s         see line 56.
share of the average value of the tangible personal property 
you owned, such as machinery, tools, and implements. Do      not    Line 11 –Mark an   inXthe box if you marked an   in the box onX
include cash, shares of stock, bonds, notes, credits, evidences     the corresponding line on Form IT-204.1, Apportionment Part 2. 
of an interest in property, or evidences of credit.                 If you mark the box, then you must also mark the box on line 12.
Apportionment, Part 1, line 7   –Enter the partner’s share of       Line 12 – Mark an   inXthe box if you marked an   in the box X
the average value of tangible personal property you rented. The     on the corresponding line on Form IT-204.1, Apportionment 
value of rented tangible personal property is generally eight       Part 2. If you mark the box, then you must also mark the box 
times the gross rent payable during the year covered by this        on line 11. Enter in column C (Everywhere), the partner’s 
return.                                                             share of the amount entered in Form IT-204.1, Apportionment 
                                                                    Part 2, line 12, column C (Everywhere). If the amount reported 
Apportionment, Part 2, lines 1 through 77                           in column C (Everywhere) for line 12 of Form IT-204.1, 
Lines 1 through 77 align with Form IT-204.1, Apportionment,         Apportionment Part 2 is a negative amount, report the partner’s 
Part 2, lines 1 through 77. You must provide, when appropriate,     share of such negative amount in column C (Everywhere) as a 
on lines 1 through 77, your partner’s distributive share or         negative amount using a minus (-) sign. MCTD and New York 
proportionate part of the amount(s) reported on a corresponding     State amounts are not reported to your partner for line 12. Also, 
line of Form IT-204.1. Such shares must also be reported            see line 57.
in the corresponding columns (MCTD, New York State, or              Lines 13 through 18 –Mark an   inXthe box next to 
Everywhere), as appropriate.                                        Section 210-A.5(a)(2)(B) if you marked an   inXsuch box above 
For receipts sourced by a fraction, such fractions must be          the corresponding lines on Form IT-204.1, Apportionment Part 2. 
computed at the partner level by the partner; the partner must      MCTD and New York State amounts are not reported to your 
include both the partner’s own amounts and the partner’s            partner for these lines.
distributive share or proportionate part of any partnership         Line 13 – Enter in column C (Everywhere), the partner’s share 
amounts when computing such fractions. The partner’s own            of the amount you entered on Form IT-204.1, Apportionment 
receipts are aggregated with its distributive share of the          Part 2, line 13, column C (Everywhere). 
partnership’s receipts, and sourced using such aggregate 
fraction computed at the partner level. Netting and sourcing        Line 15 – Enter in column C (Everywhere), the partner’s share 
rules under Section 210-A necessitate certain information to be     of the amount you entered on Form IT-204.1, Apportionment 
reported to your partner by type of “other” financial instruments   Part 2, line 15, column C (Everywhere). 
or by type of receipt. Thus, for certain receipts, as instructed in 
the specific line instructions below, you must supply a separate    Line 16 – Enter in column C (Everywhere), the partner’s share 
statement to your partner providing the information the partner     of the amount you entered on Form IT-204.1, Apportionment 
needs to properly source and net receipts or to compute, at the     Part 2, line 16, column C (Everywhere). If the amount reported 
partner’s level , the fraction that will be used to source receipts in column C (Everywhere) for line 16 of Form IT-204.1, 
to New York State. For certain receipts you use lines 56 through    Apportionment Part 2 is a negative amount, report the partner’s 
77, as instructed below, to provide information to your partners    share of such negative amount in column C (Everywhere) as a 
that is necessary for sourcing.                                     negative amount using a minus (-) sign.
For those lines that do not have special instructions below,        Line 17 – Enter in column C (Everywhere), the partner’s share 
enter the partner’s distributive share or proportionate part of     of the amount you entered on Form IT-204.1, Apportionment 
the MCTD, New York State, and Everywhere amounts that               Part 2, line 17, column C (Everywhere).
you entered for the corresponding lines on Form IT-204.1,           Line 18 – Enter in column C (Everywhere), the partner’s share 
Apportionment Part 2.                                               of the amount you entered on Form IT-204.1, Apportionment 
For the remaining lines in Apportionment Part 2 follow the          Part 2, line 18, column C (Everywhere). If the amount reported 
specific line instructions below.                                   in column C (Everywhere) for line 18 of Form IT-204.1, 
                                                                    Apportionment Part 2 is a negative amount, report the partner’s 
Line 3 – In its corresponding column, enter the partner’s           share of such negative amount in column C (Everywhere) as a 
share of the amount entered in each column of Form IT-204.1,        negative amount using a minus (-) sign.
Apportionment Part 2, line 3. If the amount reported in a 
particular column for line 3 of Form IT-204.1, Apportionment        Lines 19 through 21 –Mark an   inXthe box next to 
Part 2 is a negative amount, report the partner’s share of such     Section 210-A.5(a)(2)(C) if you marked an   inXsuch box above 
negative amount in the corresponding column of this line as a       the corresponding lines on Form IT-204.1, Apportionment Part 2. 
negative amount using a minus (-) sign.                             MCTD and New York State amounts are not reported to your 
                                                                    partner for these lines.
Line 7a – In its corresponding column, enter the partner’s share 
of the amount you entered in each column of Form IT-204.1,          Line 19 – Enter in column C (Everywhere), the partner’s share 
Apportionment Part 2, line 7a. You must supply to your partner      of the amount you entered on Form IT-204.1, Apportionment 
a breakdown of the line 7a receipts you are reporting to your       Part 2, line 19, column C (Everywhere). 

Partnership’s instructions for Form IT-204-CP                                                                 IT-204-I (2020)  Page 29 of 30

Line 20 – Enter in column C (Everywhere), the partner’s share     marked an   inXsuch box above the corresponding lines on 
of the amount you entered on Form IT-204.1, Apportionment         Form IT-204.1 Apportionment, Part 2. 
Part 2, line 20, column C (Everywhere). If the amount reported 
in column C (Everywhere) for line 20 of Form IT-204.1,            Lines 29 through 30c – Business receipts from “other” financial 
Apportionment Part 2 is a negative amount, report the partner’s   instruments must be reported on a type- by-type basis; such 
share of such negative amount in column C (Everywhere) as a       receipts are sourced and netted only with receipts from “other” 
negative amount using a minus (-) sign.                           financial instruments of the same type. If you have interest, 
                                                                  gains/(losses) from sales of, or other income/(losses) from, 
Line 21 – Enter in column C (Everywhere), the partner’s share     any “other” financial instruments, you must submit a statement 
of the amount you entered on Form IT-204.1, Apportionment         to provide to your partner a breakdown of the partner’s 
Part 2, line 21, column C (Everywhere). If the amount reported    proportionate share of all such interest, net gains/(losses), and 
in column C (Everywhere) for line 21 of Form IT-204.1,            net other income/(losses) by line number (lines 29 through 30c) 
Apportionment Part 2 is a negative amount, report the partner’s   and by type of other financial instruments. If you have receipts 
share of such negative amount in column C (Everywhere) as a       reportable on any of lines 29 through 30c from more than one 
negative amount using a minus (-) sign. Also, see line 58.        type of “other” financial instruments, use an additional such line 
                                                                  for each separate type of “other” financial instruments for which 
Lines 22 through 24 –Mark an   inXthe box next to                 you are reporting receipts. Clearly identify each type of “other” 
Section 210-A.5(a)(2)(D) if you marked an   inXsuch box above     financial instruments for which receipts are being reported; if 
the corresponding lines on Form IT-204.1, Apportionment Part 2.   you marked an   inXthe box next to              Section 210-A.5(a)(2)(H) 
Line 22 – In its corresponding column, enter the partner’s        you must indicate, for each such type, whether or not you 
share of the amount entered in each column of Form IT-204.1,      marked to market under IRC sections 475 or 1256 any “other” 
Apportionment Part 2, line 22.                                    financial instruments of that type. Enter on such statement the 
                                                                  partner’s share of the amounts you entered on the statement 
Line 23 – Enter in column C (Everywhere), the partner’s share     you submitted with Form IT-204.1, Apportionment Part 2, for 
of the amount you entered on Form IT-204.1, Apportionment         lines 29 through 30c. If any amount reported on the statement 
Part 2, line 23, column C (Everywhere). If the amount reported    you submitted with Form IT-204.1, Apportionment Part 2, for 
in column C (Everywhere) for line 23 of Form IT-204.1,            lines 29 through 30c, is a negative amount, report the partner’s 
Apportionment Part 2 is a negative amount, report the partner’s   share of such negative amount as a negative amount using a 
share of such negative amount in column C (Everywhere) as a       minus (-) sign.
negative amount using a minus (-) sign. MCTD and New York 
State amounts are not reported to your partner for line 23.       Line 30d – Enter in column C (Everywhere), the partner’s share 
                                                                  of the amount you entered on Form IT-204.1, Apportionment 
Line 24 – Enter in column C (Everywhere), the partner’s share     Part 2, line 30d, column C (Everywhere). If you marked an         X
of the amount you entered on Form IT-204.1, Apportionment         in the box next to Section 210-A.5(a)(2)(G) you must submit 
Part 2, line 24, column C (Everywhere). If the amount reported    a statement indicating if you marked to market under IRC 
in column C (Everywhere) for line 24 of Form IT-204.1,            sections 475 or 1256 any stock that is business capital.
Apportionment Part 2 is a negative amount, report the partner’s 
share of such negative amount in column C (Everywhere) as a       Line 30e – Enter in column C (Everywhere), the partner’s share 
negative amount using a minus (-) sign. MCTD and New York         of the amount you entered in Form IT-204.1, Apportionment 
State amounts are not reported to your partner for line 24. Also, Part 2, line 30e, column C (Everywhere). If the amount reported 
see line 59.                                                      in column C (Everywhere) for line 30e of Form IT-204.1, 
                                                                  Apportionment Part 2 is a negative amount, report the partner’s 
Line 25 – See lines 72 through 77 for the information your        share of such negative amount in column C (Everywhere) as 
partner needs reported to it.                                     a negative amount using a minus (-) sign. If you marked an        X
Line 26 – Enter in column C (Everywhere), the partner’s share     in the box next to Section 210-A.5(a)(2)(G) you must submit 
of the amount you entered on Form IT-204.1, Apportionment         a statement indicating if you marked to market under IRC 
Part 2, line 26, column C (Everywhere). If the amount reported    sections 475 or 1256 any stock that is business capital.
in column C (Everywhere) for line 26 of Form IT-204.1,            Line 30f – Enter in column C (Everywhere), the partner’s share 
Apportionment Part 2 is a negative amount, report the partner’s   of the amount you entered in Form IT-204.1, Apportionment 
share of such negative amount in column C (Everywhere) as a       Part 2, line 30f, column C (Everywhere). If the amount reported 
negative amount using a minus (-) sign.                           in column C (Everywhere) for line 30f of Form IT-204.1, 
Lines 27 and 28 – Mark an   inXthe box next to the Tax Law        Apportionment Part 2 is a negative amount, report the partner’s 
section citation above the line if you marked an   in suchX box   share of such negative amount in column C (Everywhere) as 
above the corresponding line on Form IT-204.1, Apportionment      a negative amount using a minus (-) sign. If you marked an        X
Part 2.                                                           in the box next to Section 210-A.5(a)(2)(G) you must submit 
                                                                  a statement indicating if you marked to market under IRC 
Line 27 – Enter in column C (Everywhere), the partner’s share     sections 475 or 1256 any partnership interest in a widely held or 
of the amount you entered on Form IT-204.1, Apportionment         publicly traded partnership.
Part 2, line 27, column C (Everywhere). Also, see line 60. If 
the amount reported in column C (Everywhere) for line 27 of       Line 42 – If you are a credit card processor, enter in column C 
Form IT-204.1, Apportionment Part 2, is a negative amount,        (Everywhere) your partner’s share of the amount entered 
report the partner’s share of such negative amount in column C    in Form IT-204.1, Apportionment Part 2, line 42, column C 
(Everywhere) as a negative amount using a minus (-) sign.         (Everywhere). You must also supply to your partner the partner’s 
                                                                  proportionate part of the number of New York access points and 
Line 28 – See lines 61 through 71 for the information your        the partner’s proportionate part of the number of U.S. access 
partner needs reported to it.                                     points, as described in Form CT-3-I, Part 6, line 42.
Lines 29 through 30f – Mark an   inXthe box next to               Line 43 –  If you provide services to investment companies, 
Section 210-A.5(a)(2)(H) if you marked an   inXsuch box above     enter in column C (Everywhere) your partner’s share of the 
the corresponding lines on form IT-204.1 Apportionment, Part 2    amount entered in Form IT-204.1, Apportionment Part 2, line 43, 
Mark an   inXthe box next to    Section 210-A.5(a)(2)(G) if you   column C (Everywhere). You must also supply to your partner 

Page 30 of 30     IT-204-I (2020)                                                        Partnership’s instructions for Form IT-204-CP

the partner’s proportionate part of the number of shares in the    the corresponding columns of line 54 of Form IT-204.1, 
investment company owned by shareholders located in New            Apportionment Part 2. Everywhere amounts are not needed for 
York and the number of shares outstanding, that the partner        this line.
needs to compute the fraction, as such fraction is described in 
Form CT-3-I, Part 6, line 43.                                      Line 55 – Enter your partner’s proportionate part of the amount 
                                                                   entered in Form IT-204.1, Apportionment Part 2, line 55.
Line 45 – Enter in column C (Everywhere)    your partner’s share 
of the amount entered in Form IT-204.1, Apportionment Part 2,      Lines 61 through 77 – Enter your partner’s share of the 
line 45, column C (Everywhere). You must also supply to your       amounts entered in the corresponding lines of Form IT-204.1, 
partner the partner’s proportionate part of the number of miles    Apportionment Part 2.
in such business within New York State and both within and         Note: For lines 61 through 71, if the amount on the 
outside the state, that the partner needs to compute the fraction, corresponding line of Form IT-204.1 Apportionment Part 2 is a 
as such fraction is described in Form CT-3-I, Part 6, line 45.     loss, show the partner’s share of such loss using a minus (-) 
Line 46 – Enter in column C (Everywhere)    your partner’s         sign.
share of the amount entered in Form IT-204.1, Apportionment        Line 71 – If you have receipts reportable on this line:
Part 2, line 46, column C (Everywhere). You must also supply       • only one type of “other” financial instruments,                             from 
to your partner the partner’s proportionate part of the aggregate  enter the partner’s share of the amount you entered on 
number of working days of the vessels, that the partner needs      Form IT-204.1, Apportionment Part 2, line 71, from that type 
to compute the fraction, as such fraction is described in          of “other“ financial instruments. You must supply to your 
Form CT-3-I, Part 6, line 46.                                      partner a statement identifying such type of “other” financial 
Line 48 – Enter in column C (Everywhere) your partner’s share      instruments.
of the amount entered in Form IT-204.1, Apportionment Part 2,      •  from more than one type of “other” financial instruments, leave 
line 48, column C (everywhere). You must also supply to your       this line blank and supply to your partner a breakdown of 
partner the partner’s proportionate part of the amounts that the   the partner’s share of all MTM gains/(losses) as reported on 
partner needs to complete Worksheet for Part 6, line 48 as such    the statement submitted with Form IT-204.1, Apportionment 
worksheet appears in Form CT-3-I, Part 6.                          Part 2, line 71, by type of “other” financial instruments. MTM 
Line 49 – Enter in column C (Everywhere)    your partner’s         gains/(losses) cannot be netted across different types of 
share of the amount entered in Form IT-204.1, Apportionment        “other” financial instruments.
Part 2, line 49, column C (Everywhere). You must also supply 
to your partner the partner’s proportionate part of the number     Partner’s share of New York adjustments due 
of newspapers and periodicals delivered to points within New       to decoupling from the IRC
York State and both within and outside the state, that the partner Line 1 – If you adjusted your return as a result of decoupling 
needs to compute the fraction, as such fraction is described in    from changes made to the IRC after March 1, 2020, enter the 
Form CT-3-I, Part 6, line 49.                                      partner’s distributive share of the net addition adjustment from 
Line 50 – Enter in column C (Everywhere)    your partner’s share   Form IT-204.1,  New York adjustments due to decoupling from 
of the amount entered in Form IT-204.1, Apportionment Part 2,      the IRC, line 1.
line 50, column C (Everywhere). You must also supply to your       Line 2 – If you adjusted your return as a result of decoupling 
partner the partner’s proportionate part of the number of viewers  from changes made to the IRC after March 1, 2020, enter the 
or listeners within New York State and both within and outside     partner’s distributive share of the net subtraction adjustment 
the state, that the partner needs to compute the fraction, as such from Form IT-204.1, New York adjustments due to decoupling 
fraction is described in Form CT-3-I, Part 6, line 50.             from the IRC, line 2.
Line 51 – Enter in column C (Everywhere) your partner’s share 
of the amount entered in Form IT-204.1, Apportionment Part 2,      Privacy notification
line 51, column C (Everywhere). You must also supply to your       New York State Law requires all government agencies that 
partner the partner’s proportionate part of the number of viewers  maintain a system of records to provide notification of the legal 
or listeners within New York State and both within and outside     authority for any request for personal information, the principal 
the state, that the partner needs to compute the fraction, as such purpose(s) for which the information is to be collected, and 
fraction is described in Form CT-3-I, Part 6, line 51.             where it will be maintained. To view this information, visit our 
                                                                   website, or, if you do not have Internet access, call and request 
Line 52 – Enter in column C (Everywhere)    your partner’s         Publication 54, Privacy Notification. See    Need help? for the Web 
share of the amount entered in Form IT-204.1, Apportionment        address and telephone number.
Part 2, line 52, column C (Everywhere). You must also supply 
to your partner the partner’s proportionate part of the number of 
transportation units within New York state and both within and     Need help?
outside the state, that the partner needs to compute the fraction, 
as such fraction is described in Form CT-3-I, Part 6, line 52.                     Visit our website at www.tax.ny.gov
Line 53a – In its corresponding column, enter the partner’s                        •  get information and manage your taxes online
share of the amount you entered in each column of                                  •  check for new online services and features
Form IT-204.1, Apportionment Part 2, line 53a. You must supply 
to your partner a breakdown of the line 53a receipts you are       Telephone assistance
reporting to your partner (on Form IT-204-CP, Apportionment        Automated income tax refund status:                       518-457-5149
Part 2) by hierarchy method (3 or 4) and type of receipt, for      Personal Income Tax Information Center:                   518-457-5181
each column. See Form CT-3-I, Part 6, line 53, for the hierarchy 
methods.                                                           To order forms and publications:                          518-457-5431
Line 54 – Enter in columns A (MCTD) and B (New York                Text Telephone (TTY) or TDD                               Dial 7-1-1 for the  
State), your partner’s share of the amounts entered in               equipment users                            New York Relay Service