Form It-112-C - New York State Resident Credit For Taxes Paid To A Province Of Canada - 2014 Page 2
Download a blank fillable Form It-112-C - New York State Resident Credit For Taxes Paid To A Province Of Canada - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form It-112-C - New York State Resident Credit For Taxes Paid To A Province Of Canada - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3Page 2 of 3 IT-112-C (2014)
Report all amounts in U.S. dollars.
Part 2 – Computing your resident credit or addback for taxes paid to a province of Canada
If any portion of the Canadian provincial income tax that entitled you to a New York State credit is claimed as a foreign tax credit on your federal
return in a succeeding tax year, the amount claimed must be added back to your New York State tax liability for that succeeding tax year.
23 Enter the two-letter abbreviation of the Canadian province where tax was paid
......... 23
(see instr.)
24 Enter the amount from federal Form 1116, line 9, pertaining to this year’s income taxes
.
imposed by the above Canadian province
...................................................... 24
(see instructions)
00
25 Enter the amount from federal Form 1116, line 12,
pertaining to the reduction in foreign taxes paid to
.
the above Canadian province ....................................... 25
00
26 Enter the amount from line 24 that was carried back and
.
claimed as a credit for federal purposes ....................... 26
00
.
27 Add lines 25 and 26...................................................................................................................... 27
00
.
28 Subtract line 27 from line 24......................................................................................................... 28
00
29 Enter the amount from federal Form 1116, line 10, pertaining to carryover of taxes paid for
.
prior years to the above Canadian province
................... 29
(submit a copy of federal Form(s) 1116)
00
.
30 Add lines 28 and 29...................................................................................................................... 30
00
31 Enter the amount from federal Form 1116, line 22, pertaining to this year’s foreign tax credit
.
for taxes paid to the above Canadian province ........................................................................ 31
00
.
32 Subtract line 31 from line 30......................................................................................................... 32
00
.
33 New York State tax payable
............................................................................... 33
(see instructions)
00
34 Divide line 22, column B, by line 22, column A
...... 34
(round to the fourth decimal place; see instructions)
.
35 Multiply line 33 by line 34 ............................................................................................................. 35
00
.
36 Tentative credit
........................................................................ 36
(enter the lesser of line 28, 32, or 35)
00
.
37 Enter the amount from line 29 .......................................... 37
00
.
38 Enter the amount from line 31 .......................................... 38
00
.
39 Subtract line 38 from line 37
.......................................... 39
(if line 38 is more than line 37, leave blank)
00
.
40 Add lines 36 and 39...................................................................................................................... 40
00
41 Enter the prior-year(s) resident credit claimed on Form(s) IT-112-R or IT-112-C for taxes paid
.
to Canadian province(s)
................................................................................. 41
(see instructions)
00
42 If line 41 is more than line 40, subtract line 40 from line 41. This is your addback of
.
resident credit
............................ 42
(see instructions; do not make any entries on lines 43 through 50)
00
.
43 If line 41 is less than (or equal to) line 40, subtract line 41 from line 40 ......................................... 43
00
.
44 Enter the amount from line 36 or line 43, whichever is less
............................... 44
(see instructions)
00
45 Total line 44 amounts from additional Form(s) IT-112-C and line 28 amounts
.
from Form(s) IT-112-R, if any
......................................................................... 45
(see instructions)
00
.
46 Add lines 44 and 45 ..................................................................................................................... 46
00
Part 3 – Application of credit
.
47 Tax due before credits
........................................................................................ 47
(see instructions)
00
.
48 Other credits that you applied before this credit
................................................ 48
(see instructions)
00
.
49 Subtract line 48 from line 47 ........................................................................................................ 49
00
.
50 Enter the amount from line 46 or line 49, whichever is less
............................... 50
(see instructions)
00
141002140094
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form It-112-c - New York State Resident Credit For Taxes Paid To A Province Of Canada - 2013
Financial
Form It-112-c - New York State Resident Credit For Taxes Paid To A Province Of Canada - 2012
Financial
Form It-112.1 - New York State Resident Credit Against Separate Tax On Lump-sum Distributions - 2014
Financial
Form It-112.1 - New York State Resident Credit Against Separate Tax On Lump-sum Distributions - 2013
Financial
Related Categories
Parent category: Financial