Form It-230 - Separate Tax On Lump-Sum Distributions - 2013 Page 2

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IT-230 (2013) (back)
Part 3
(continued)
Lines 15 through 24 – New York City and part-year New York City residents use both columns.
If line 6 is blank, skip lines 15 through 17 and go to line 18.
New York State
New York City
15 Divide line 6 by line 7 and round the result to the fourth
decimal place. If line 6 is zero, leave blank ....................... 15
15
16 Multiply line 11 by the decimal amount on line 15.
If line 15 is zero, leave blank ............................................. 16
.
.
16
00
00
17 Subtract line 16 from line 6 ................................................... 17
.
.
17
00
00
10-year tax option
18 Multiply line 14 by 10% (.10) ................................................. 18
.
.
18
00
00
19 Tax on line 18 amount
(use the New York State tax rate schedule
on page 4 of the instructions; New York City and part-year New
York City residents must also use the New York City tax rate
schedule on page 4 of the instructions)
.
.
.................................... 19
19
00
00
20 Multiply line 19 by ten. If line 6 is blank, skip lines 21
through 23 and enter this amount on line 24 ..................... 20
.
.
00
20
00
21 Multiply line 17 by 10% (.10) ................................................. 21
.
.
21
00
00
22 Tax on line 21 amount
(use the New York State tax rate
schedule on page 4 of the instructions; New York City and
part-year New York City residents must also use the New York
City tax rate schedule on page 4 of the instructions)
.
.
.................. 22
22
00
00
23 Multiply line 22 by ten ........................................................... 23
.
.
00
23
00
24 Subtract line 23 from line 20. This is your tax on
lump-sum distribution using the 10-year option ...................... 24
.
.
24
00
00
Line 24 – New York State column
Line 24 – New York City column
• Individuals: Enter the line 24, New York State column amount on
• Full-year New York City residents: Enter the line 24, New York
Form IT-201-ATT, line 26, or Form IT-203-ATT, line 25.
City column amount on Form IT-201-ATT, line 32.
• Fiduciaries: Include the line 24, New York State column amount
• Part-year New York City residents: Enter the line 24, New York
on Form IT-205, line 12.
City column amount on Form IT-360.1, line 51.
• Multiple recipients: See the front page of the instructions; if
• Estates or trusts: Enter the line 24, New York City column
applicable, complete the worksheet below.
amount on Form IT-205, line 20.
Multiple recipients of lump-sum distribution worksheet
New York City
New York State
a Enter the amount from line 24
(New York City and part-year
.
.
............................. a
a
New York City residents: use both columns)
00
00
b Enter your percentage of the total distribution ..................... b
b
c Multiply line a by line b. Enter the result here and as follows:
Individuals: Enter the line c, New York State column
amount on Form IT-201-ATT, line 26, or Form IT-203-ATT,
line 25.
Fiduciaries: Include the line c, New York State column
amount on Form IT-205, line 12. ...................................... c
.
.
00
c
00
Full-year New York City residents: Enter the line c, New York City column amount on Form IT-201-ATT, line 32, or Form IT-205, line 20.
Part-year New York City residents: Enter the line c, New York City column amount on Form IT-360.1, line 51, or Form IT-205, line 20.
230002130094

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