Instructions For Form It-217 - Claim For Farmers' School Tax Credit - New York State Department Of Taxation And Finance - 1997 Page 4
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4Page 4 IT-217-I (1997)
Worksheet A (to be completed by Form IT-201 and IT-203 filers; keep for your records.)
Worksheet A (to be completed by Form IT-201 and IT-203 filers; keep for your records.)
1 Add the income (not loss) amounts on federal Form 1040, lines 7, 8a, 9, 10, 11, 15b, 16b, 19, 20b,
and 21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
(see instructions)
2 Enter the income (not loss) from federal Schedule C, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Enter the amount from federal Schedule C-EZ, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Add the gain (not loss) amounts on federal Schedule D, column (f), lines 1, 2, 4, 8, 9, 11, and 13
. . . . . 4
(see instructions)
5 Add the amounts on federal Schedule E, lines 3, 4, 36, and 38) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Enter the income (not loss) from federal Schedule F, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Add the gain (not loss) amounts on federal Form 4797, column (g), lines 2-6, 10, and 13-17
. . . . . . 7
(see instructions)
8 Enter amount from federal Form 4835, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Add the amounts on federal Schedule K-1 (Form 1065), lines 15b and 15c
. . . . 9
(less any partnership items included in lines 1-7)
10 Enter your share of S corporation gross income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
11 Add lines 1 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
12 Enter the amount from line 6 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12
13 Enter the amount from federal Schedule E, line 41
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13
(see instructions)
14 Add the amounts on federal Form 4797, column g, that represent gains from the sale of livestock
used for draft, breeding, sport or dairy purposes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14
15 Add lines 12 through 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15
16 Enter amount from line 11 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16
17 Divide line 15 by line 16 and carry the result to four decimal places . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
Instructions for Worksheet A
Line 7 - Include on line 7 only gains used in figuring the amounts
entered in column (g) of Form 4797. Loss transactions cannot be
If federal Form 1040, line 21, includes both income and loss
netted against gain transactions.
items, include only the income amounts on line 1. For example, on
federal Form 1040, line 21, you report gambling winnings of
Line 10 - Obtain your share of S corporation gross income from
$2,000 and a net operating loss carryover of ($3,000), for a net
the S corporation. Do not include on line 10 any S corporation
amount of ($1,000). In computing the amount on line 1 of the
income included in lines 1-7.
worksheet, include only the gambling winnings of $2,000.
Line 4 - Include on line 4 only gains used in figuring the amounts
Line 13 - Do not include on line 13 gross income from fishing
reported in column (f) of Schedule D. Loss transactions cannot be
included in federal Schedule E, line 41.
netted against gain transactions. For example, on Schedule D-1,
Line 14 - Include in line 14 only gains (not losses) reported on
column (f), you include a gain of $200 for one transaction and a
federal Form 4797 that represent gains from the sale of livestock
loss of $300 for another transaction, for a net loss of $100 which
used for draft, breeding, sport or dairy purposes. Do not include
you include on Schedule D, line 2, column (f). Include on line 4
any other gains or losses reported on federal Form 4797 (such as
only the gain of $200. However, do not include on line 4 any gain
gains from the sale of farm machinery) even though these gains
from federal Form 4797 reported on line 11, column (f) of
Schedule D.
may be related to your farming business.
Worksheet B (to be completed by Form IT-205 filers; keep for your records.)
Worksheet B (to be completed by Form IT-205 filers; keep for your records.)
1 Add the income (not loss) amounts on federal Form 1041, lines 1, 2, and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Enter the income (not loss) from federal Schedule C, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Enter the amount from federal Schedule C-EZ, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Add the gain (not loss) amounts on federal Schedule D (Form 1041), lines 1, 2, 6, 7, and 9
. . . . . . 4
(see instructions)
5 Add the amounts on federal Schedule E, lines 3, 4, 36, and 38) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Enter the income (not loss) amount on federal Schedule F, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Add the gain (not loss) amounts on federal Form 4797, column g, lines 2-6, 10 and 13-17
. . . . . . . . 7
(see instructions)
8 Enter amount from federal Form 4835, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Add the amounts on federal Schedule K-1 (Form 1065), lines 15b and 15c
(less any partnership items included in
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
lines 1-7)
10 Enter the estate’s or trust’s share of S corporation gross income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
11 Add lines 1 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
12 Enter the amount from line 6 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12
13 Enter the amount from federal Schedule E, line 41
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13
(see instructions)
14 Add the amounts on federal Form 4797, column g, that represent gains from the sale of livestock used
for draft, breeding, sport or dairy purposes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14
15 Add lines 12 through 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15
16 Enter amount from line 11 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16
17 Divide line 15 by line 16 and carry the result to four decimal places . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
Instructions for Worksheet B
Line 13 - Do not include on line 13 any gross income from fishing
included in federal Schedule E, line 41.
Line 4 - Include on line 4 only gains used in figuring the amounts
reported in column (f) of Schedule D. Loss transactions cannot be
netted against gain transactions.
Line 14 - Include in line 14 only gains (not losses) reported on
Line 7 - Include on line 7 only gains used in figuring the amounts
federal Form 4797 that represent gains from the sale of livestock
entered in column (g) of Form 4797. Loss transactions cannot be
netted against gain transactions.
used for draft, breeding, sport or dairy purposes. Do not include
any other gains or losses reported on federal Form 4797 (such as
Line 10 - Obtain your share of S corporation gross income from
gains from the sale of farm machinery), even though these gains
the S corporation. Do not include on line 10 any S corporation
items included in lines 1-7.
may be related to your farming business.
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