This version of the form is not currently in use and is provided for reference only. Download this version of Form IT-204-IP Schedule K-1 for the current year.
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
Q: What is Form IT-204-IP?
A: Form IT-204-IP is a tax form used by New York partners to report their share of income, deductions, and credits from a partnership or limited liability company (LLC) that is classified as a partnership for tax purposes.
Q: What is Schedule K-1?
A: Schedule K-1 is a specific part of Form IT-204-IP that partners use to report their share of partnership income, deductions, and credits.
Q: Who needs to file Form IT-204-IP Schedule K-1?
A: Any partner or member of a partnership or LLC classified as a partnership for tax purposes in New York needs to file Form IT-204-IP Schedule K-1 to report their share of income, deductions, and credits.
Q: What information is included in Schedule K-1?
A: Schedule K-1 includes information about the partner's share of ordinary business income, rental real estate income, net rental income, nonbusiness income, and various deductions and credits.
Form Details:
Download a fillable version of Form IT-204-IP Schedule K-1 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.