Line Instructions For Form It-201-Att, Other Tax Credits And Taxes (Page 2 of 4) in pdf

Line Instructions For Form It-201-Att, Other Tax Credits And Taxes Page 2

110

Instructions for Form IT-201-ATT

Need help? Go to or see the back cover.

Line 9

Line 22

Compute your NYC accumulation distribution credit using

If the amount on Form IT-201, line 40, is equal to or less

the worksheet below. If you received an accumulation

than the amount on Form IT-201, line 39, enter the amount

distribution as a beneficiary of a trust, you may be allowed a

from Form IT-201, line 43, on line 22.

credit for NYC income taxes paid by the trust. Attach a copy

If the amount on Form IT-201, line 40, is more than the

of the computation of your NYC accumulation distribution

amount on Form IT-201, line 39, complete the Line 22

credit provided to you by the trust.

worksheet below:

NYC Accumulation distribution credit worksheet

Line 22 worksheet

1. Enter the amount from

Form IT-201, line 49 ........................... 1.

Form IT-201, line 39 ......................... 1.

2. Enter the amount from

Form IT-201, line 41 ........................... 2.

Form IT-201-ATT, line 33 .................... 2.

3. Enter the amount from

Form IT-201, line 42 ........................... 3.

3. Add lines 1 and 2 ................................. 3.

4. Add lines 1, 2 and 3, and enter the

4. Enter New York City

total here and on line 22 .................... 4.

accumulation distribution credit ......... 4.

5. Enter the smaller of line 3 or line 4

here and on Form IT-201-ATT, line 9.

This is your allowable New York City

accumulation distribution credit ......... 5.

Line Instructions For Form It-201-Att, Other Tax Credits And Taxes Page 2