CALCULATION OF FEDERAL TAXABLE INCOME FOR S CORPORATIONS                                               2022
    -ATT-S-CORP                 ATTACH TO FORM NYC-1, NYC-3A, NYC-3L, NYC-4S OR NYC-4SEZ

All federal Subchapter S Corporations must complete this schedule and include it when filing Form NYC-1, NYC-3A, NYC-3L, NYC-4S, or 
NYC-4SEZ.  Amounts on Part I, Lines 1 through 8, 12 and 13 and Part II, Lines 15 through 18 are carried from your Federal form 1120S.

For CALENDAR YEAR ______________________ or FISCAL YEAR beginning _____________________________________ and ending ______________________________________
  Name as shown on NYC-1, NYC-3A/ATT, NYC-3L, NYC-4S or NYC-4SEZ                                          EMPLOYER IDENTIFICATION NUMBER 

 PART I  -  ADDITIONS TO ORDINARY BUSINESS INCOME
                                                                                   From Federal Form 1120S
1.  Ordinary business income (loss)................................                Schedule K, Line 1     ________________________ 1. ________________________ 
2.  Net rental real estate income (loss) ...........................               Schedule K, Line 2     ________________________ 2. ________________________ 
3.  Other net rental income (loss)....................................             Schedule K, Line 3c    ________________________ 3. ________________________ 
4a. Interest income...........................................................     Schedule K, Line 4     ________________________ 4a. ________________________ 
4b. Interest Expense Addback .........................................             See Instructions       ________________________ 4b. ________________________ 
5.  Ordinary dividends.....................................................        Schedule K, Line 5a    ________________________ 5. ________________________ 
6.  Royalties .................................................................... Schedule K, Line 6     ________________________ 6. ________________________ 
7.  Net short-term capital gain (loss) ...............................             Schedule K, Line 7     7. ________________________  ________________________  
8.  Net long-term capital gain (loss) ................................             Schedule K, Line 8a    8. ________________________  ________________________ 
9.  Sum of lines 7 and 8 ..................................................        See Instructions       9. ________________________  ________________________ 
10. Capital Loss Carryover .................................................       See Instructions       10. ________________________ ________________________ 
11. Net Capital Gain.........................................................      See Instructions       ________________________ 11. ________________________ 
12. Net Section 1231 gain (loss)......................................             Schedule K, Line 9     ________________________ 12. ________________________ 
13. Other income (loss)....................................................        See Instructions       ________________________ 13. ________________________ 
14. TOTAL ADDITIONS 
    (Sum of lines 1 through 6 plus lines 11 through 13) ....                                              _____________________ 14. __________________ 

 PART II  -  DEDUCTIONS FROM ORDINARY BUSINESS INCOME
    Make applicable adjustments for C Corporation treatment of items 15 through 21
15. Section 179 deduction................................................          Schedule K, Line 11    ________________________ 15. ________________________  
16. Contributions..............................................................    Schedule K, Line 12a   ________________________ 16. ________________________ 
17. Interest expense.........................................................      See Instructions       ________________________ 17. ________________________ 
18. Section 59(e)(2) expenditures....................................              Schedule K, Line 12c   ________________________ 18. ________________________ 
19. Other deductions .......................................................       See Instructions       ________________________ 19. ________________________ 
20. Intentionally Omitted ..................................................                              ________________________ 20. ________________________ 
21. TOTAL DEDUCTIONS 
    (Sum of lines 15 through 20)...................................                                       ________________________ 21. ________________________ 

 PART III  -  CALCULATION OF FEDERAL TAXABLE INCOME

22. Federal Taxable Income ...........................................             See Instructions       ________________________ 22. ________________________

                                                                                                                                       NYC - ATT-S-CORP  2022

NYC-ATT-S-CORP - 2022                                                                     Page 2

                      SPECIFIC LINE  INSTRUCTIONS

PART  I                                                  of Form 1120S. Otherwise, enter on this line the 
                                                         total amount of interest deductions that would have 
Line 4b -   Complete this line only if you are subject   been allowed for federal purposes if the taxpayer 
to IRC §163(j) (you are not a small business pur-        had not made an election under subchapter S of the 
suant to IRC §163(j)(3) and not an excepted busi-        IRC, including any amount added back on line 4b 
ness under IRC §163(j)(7)), whether or not the           of this form (unless limited by IRC §163(j) as pro-
amount of interest expense deduction was limited         vided below).  If any investment interest expense 
by such section for Federal purposes.  Enter here        was deducted on form 1120S, Schedule K, line 12b, 
the amount of interest, if any, deducted on 1120S,       such interest will be treated as business interest for 
page 1, line 13, as well as any other interest de-       the purposes of applying the limitation on interest 
ducted on the federal return and reflected on any        deductions pursuant to IRC section 163(j). Fill out 
line in Part I of this form that would be subject to     and attach federal form 8990 as if the taxpayer had 
the Internal Revenue Code (“IRC”) section 163(j)         not made an election under subchapter S of the 
limitation if the taxpayer had not made an election      IRC. For more information on interest expense de-
under subchapter S of the IRC.  See the instruc-         ductions, see Finance Memorandum 18-11, Impact 
tions to line 17 for more details on interest expense    of IRC §163(j) Limitation on Interest Attribution.  
treatment.                                                
                                                         Line 19 - Enter here the amount from 1120S, 
Line 9 - If the calculated value for line 9 is negative, Schedule K, line 12d, as well as any other applica-
enter 0.                                                 ble deduction not otherwise taken on this form. In-
                                                         cluded on this line should be the amounts of any 
Line 10 -  The capital loss carryover from prior         deductions that would have been allowed under 
years that may be used in the current tax year for       IRC section 250(a)(1)(B)(i) if the taxpayer had not 
City purposes.  This amount may not exceed the           made an election under subchapter S of the IRC as 
value on line 9.  Enter carryover loss as a positive     well as the amount deductible under IRC section 
number.                                                  965(c).  The deduction under IRC section 
                                                         250(a)(1)(B)(i) is reported on Part III, Line 29 of pro 
Line 11 - Subtract Line 10 from Line 9.                  forma Form 8993, which taxpayers must attach to 
                                                         their City return.  Banking Corporation Tax filers 
Line 13 - Enter on this line the amount from Sched-      should also include on this line the amount of any 
ule K line 10 of Form 1120S, as well as the amount,      deductions that would have been allowed under 
if any, that the taxpayer would have been required       IRC section 250(a)(1)(A) if the taxpayer had not 
to recognize under IRC § 951A (GILTI inclusion) if       made an election under subchapter S of the IRC.  
it had not made an election under subchapter S of        The deduction under IRC section 250(a)(1)(A) is re-
the IRC.  The GILTI inclusion amount is reported         ported on Part III, Line 28 of pro forma Form 8993.  
on Part II, Line 5 of pro forma Form 8992, which          
taxpayers must attach to their City return.              PART III 
                                                          
NOTE: Taxpayers electing entity treatment under          Line 22 - Federal Taxable Income:  Calculate the 
IRS Notice 2020-69 are required to file Form 8992        value of Part I, Line 14 minus Part II, Line 21 and 
with Form 1120S. Taxpayers electing this treatment       enter here and on Schedule B, Line 1 of your form 
should attach Form 8992 to their City return, as         NYC-1, NYC-3L, NYC-4S, or NYC-4SEZ.  For 
well.                                                    members of a Combined Group included in an 
                                                         NYC-3A, enter on Form NYC-3A, Schedule B Col-
PART II                                                  umn A, line 1, if this form NYC-ATT-S-Corp is for 
                                                         the reporting corporation.  For any other member 
Line 16 - The charitable contribution deduction from     of the combined group, enter on Form NYC-3A/B, 
federal Form 1120S, Schedule K, line 12a may not         Schedule B, line 1, in the column for this corpora-
exceed 10% of the sum of lines 1 through 12d (other      tion.  If there is only one other member of the com-
than line 12a) of Schedule K, subject to any excep-      bined group, enter on Form NYC-3A, Schedule B 
tion provided in the IRC with respect to C corpora-      Column B, line 1. For members of a Combined 
tions.                                                   Group included in an NYC-1A, this form NYC-ATT-
                                                         S-CORP must be attached to the Form NYC-1 for 
Line 17 - If you are not subject to IRC §163(j), enter   each Subchapter S corporation included in the 
on this line the amount from Schedule K, Line 12b        combined group.