Form IT-219 "Credit for New York City Unincorporated Business Tax" - New York

What Is Form IT-219?

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IT-219
Department of Taxation and Finance
Credit for New York City
Unincorporated Business Tax
Administrative Code of the City of New York, Section 11-1706(c)
Submit Form IT-219 with your return, Form IT-201, Form IT-203, or Form IT-205.
Name(s) as shown on return
Taxpayer identification number (SSN or EIN)
Part 1 – Partner
(see instructions)
Name of partnership
Partnership year end
Partnership EIN
(as shown on Form NYC-204)
(from Form NYC-204)
.
1 Enter the amount from Form NYC-204, line 23 ..................
1
00
.
2 Enter the amount from Form NYC-204, line 20 ..................
2
00
.
3 Add lines 1 and 2 ..........................................................................................................................
3
00
4 Enter your percentage of total distributive shares from Form NYC-204, Schedule C, column I.
4
Enter amount as a decimal and round to the fourth decimal place
....
(for example, 17.5% = .1750)
.
5 Multiply line 3 by line 4
.............
5
00
(if more than one business or are a part-year resident, see instructions)
Part 2 – Individual
6 Resident individual: Enter the amount from Form NYC-202, line 21, or Form NYC-202S, line 8
.
Part-year resident individual: Enter the amount from Worksheet A, line 5
6
....
(on back; see instructions)
00
Part 3 – Beneficiary’s share of unincorporated business taxes
(see instructions)
7 Beneficiary – Enter your share of New York City unincorporated business taxes imposed
on the estate or trust
(see instructions)
Name of estate or trust
Employer identification number
.
7
00
Part 4 – Computation of credit
8 Fiduciaries: Enter the amount from Schedule A, Fiduciary line, column D
(on back; see instr.)
.
All others: Add lines 5, 6, and 7
...........................................................
8
(partners, see instructions)
00
9 Enter your taxable income from:
Full-year NYC resident individuals – Form IT-201, line 47
Part-year NYC resident individuals – Form IT-360.1, line 47
Full-year NYC resident estates or trusts – Form IT-205, line 5
.
Part-year NYC resident trusts – Form IT-205-A, line 10, col. (b)
9
00
10 If line 9 above is:
– $42,000 or less, enter 1.000 (100%)
– more than $42,000, but less than $142,000, complete Worksheet B
(on back)
– $142,000 or more, enter .230 (23%) .......................................................................................... 10
11 Multiply line 8 by line 10. New York City resident individuals – Continue on line 12 below.
NYC part-year resident individuals: Stop; enter line 11 amount on Form IT-360.1, line 54.
.
Estates and trusts: Stop; enter line 11 amount on Form IT-205, line 22 ................................ 11
00
New York City full-year resident individuals
.
12 Amount from Form IT-201, line 49 ................................................................................................ 12
00
.
13 Amount from Form IT-201-ATT, line 32 ........................................................................................ 13
00
.
14 Amount from Form IT-201-ATT, line 33 ........................................................................................ 14
00
.
15 Add lines 12, 13, and 14 ............................................................................................................... 15
00
.
16 Enter the lesser of line 11 or 15, and transfer the amount to Form IT-201-ATT, line 8 ................ 16
00
219001200094
IT-219
Department of Taxation and Finance
Credit for New York City
Unincorporated Business Tax
Administrative Code of the City of New York, Section 11-1706(c)
Submit Form IT-219 with your return, Form IT-201, Form IT-203, or Form IT-205.
Name(s) as shown on return
Taxpayer identification number (SSN or EIN)
Part 1 – Partner
(see instructions)
Name of partnership
Partnership year end
Partnership EIN
(as shown on Form NYC-204)
(from Form NYC-204)
.
1 Enter the amount from Form NYC-204, line 23 ..................
1
00
.
2 Enter the amount from Form NYC-204, line 20 ..................
2
00
.
3 Add lines 1 and 2 ..........................................................................................................................
3
00
4 Enter your percentage of total distributive shares from Form NYC-204, Schedule C, column I.
4
Enter amount as a decimal and round to the fourth decimal place
....
(for example, 17.5% = .1750)
.
5 Multiply line 3 by line 4
.............
5
00
(if more than one business or are a part-year resident, see instructions)
Part 2 – Individual
6 Resident individual: Enter the amount from Form NYC-202, line 21, or Form NYC-202S, line 8
.
Part-year resident individual: Enter the amount from Worksheet A, line 5
6
....
(on back; see instructions)
00
Part 3 – Beneficiary’s share of unincorporated business taxes
(see instructions)
7 Beneficiary – Enter your share of New York City unincorporated business taxes imposed
on the estate or trust
(see instructions)
Name of estate or trust
Employer identification number
.
7
00
Part 4 – Computation of credit
8 Fiduciaries: Enter the amount from Schedule A, Fiduciary line, column D
(on back; see instr.)
.
All others: Add lines 5, 6, and 7
...........................................................
8
(partners, see instructions)
00
9 Enter your taxable income from:
Full-year NYC resident individuals – Form IT-201, line 47
Part-year NYC resident individuals – Form IT-360.1, line 47
Full-year NYC resident estates or trusts – Form IT-205, line 5
.
Part-year NYC resident trusts – Form IT-205-A, line 10, col. (b)
9
00
10 If line 9 above is:
– $42,000 or less, enter 1.000 (100%)
– more than $42,000, but less than $142,000, complete Worksheet B
(on back)
– $142,000 or more, enter .230 (23%) .......................................................................................... 10
11 Multiply line 8 by line 10. New York City resident individuals – Continue on line 12 below.
NYC part-year resident individuals: Stop; enter line 11 amount on Form IT-360.1, line 54.
.
Estates and trusts: Stop; enter line 11 amount on Form IT-205, line 22 ................................ 11
00
New York City full-year resident individuals
.
12 Amount from Form IT-201, line 49 ................................................................................................ 12
00
.
13 Amount from Form IT-201-ATT, line 32 ........................................................................................ 13
00
.
14 Amount from Form IT-201-ATT, line 33 ........................................................................................ 14
00
.
15 Add lines 12, 13, and 14 ............................................................................................................... 15
00
.
16 Enter the lesser of line 11 or 15, and transfer the amount to Form IT-201-ATT, line 8 ................ 16
00
219001200094
IT-219 (2020) (back)
Worksheet A
.
00
1 Enter the amount from Form NYC-202, line 21, Form NYC-202EIN, line 21, or Form NYC-202S, line 8 ........... 1
2 Individuals: Enter the amount from Form IT-360.1, line 6, column B
Trusts: Enter the amount from Form IT-205-A, Schedule 4, line 16, column C
.
00
................................................................................................................... 2
(see instructions)
3 Individuals: Enter the amount from Form IT-360.1, line 6, column A
Trusts: Enter the amount from Form IT-205-A, Schedule 4, line 16, column A
.
00
................................................................................................................... 3
(see instructions)
4 Divide line 2 by line 3 and round the result to the fourth decimal place ............................................................... 4
5 Multiply line 1 by line 4. This is the part-year resident tax imposed on the unincorporated business.
Estates and trusts: Include this amount (below) in Schedule A, Totals line, column D.
.
00
All others: Transfer this amount to line 6 on the front page ............................................................................... 5
Worksheet B
1.000
1 Base percentage 100% ........................................................................................................................................ 1
.
00
2 Enter your taxable income from the front page, line 9 ............................................................ 2
$42,000.00
3 Base amount .......................................................................................................................... 3
.
00
4 Subtract line 3 from line 2 ....................................................................................................... 4
5 Divide line 4 by $100,000 and round to the third decimal place ............................................ 5
6 Multiply line 5 by .770 ........................................................................................................................................... 6
7 Subtract line 6 from line 1. Transfer this decimal amount to the front page, line 10 ............................................ 7
Schedule A (for estates and trusts only)
Fiduciary’s and beneficiary’s share of New York City unincorporated business tax
A
B
C
D
Name and address of
Beneficiary’s identifying
Allocation percentage
Beneficiary’s eligible
beneficiary
number
unincorporated business
taxes
Totals
100%
.
00
.
00
.
00
.
00
Fiduciary
.
00
219002200094
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