Form Nyc-114.7 - Ubt Paid Credit Unincorporated Business Taxpayers - 2017
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1
2-114.7
UBT PAID CREDIT
2017
UNINCORPORATED BUSINESS TAXPAYERS
TM
Department of Finance
ATTACH TO FORM NYC-204
For CALENDAR YEAR 2017 or FISCAL YEAR beginning ______________________ 2017 and ending ___________________________
Print or Type name as shown on Form NYC-204
t EMPLOYER IDENTIFICATION NUMBER
t
SCHEDULE A
1a. Add total of amounts from Schedule B, line 9, for all partnerships
with respect to which you are claiming a credit (see instructions)
1a.
.........................
1b. Enter amount from Schedule D, line 9
1b.
..................................................................................
1c. Total of lines 1a and 1b
1c.
.............................................................................................................
2. Enter amount from Form NYC-204, Schedule A, line 19
2.
.............................................
3. UBT PAID CREDIT - Enter the lesser of line 1c and line 2 and transfer
amount to Form NYC-204,Schedule A, line 20
3.
.................................................................
SCHEDULE B
A separate Schedule B must be completed for each partnership with respect to which you are claiming this credit.
Name of partnership from which you received a distributive
EMPLOYER IDENTIFICATION NUMBER OF DISTRIBUTING PARTNERSHIP
share or guaranteed payment (distributing partnership):
1. Unincorporated business tax paid by distributing partnership
1.
(from its Form NYC-204, Schedule A, line 23)
2. Credits taken by distributing partnership on its own return (from its Form NYC-204, Schedule A,
line 20 and lines 22a through 22d) (see instructions)
2.
........................................................................................
3. Total of lines 1 and 2
3.
.......................................................................................................................................................
4. Your distributive share percentage with respect to the distributing partnership
4.
(see instructions) ..........
5. Multiply line 3 by the percentage on line 4
5.
..............................................................................................................
6. Tax from Form NYC-204, Schedule A, line 17, modified if necessary (see instructions)
6.
......................
7. Tax from pro forma Form NYC-204, Schedule A, line 17 (see instructions)
7.
................................................
8. Subtract line 7 from line 6
8.
................................................................................................................................................
9. Enter lesser of line 5 and line 8 here ................................................................................................. 9.
COMPLETE SCHEDULES C AND D IF YOU HAVE UBT PAID CREDITS FROM PRECEDING YEARS THAT YOU MAY CARRY FORWARD TO 2017
SCHEDULE C
1. 7th preceding year percentage .......1a. _____________________
current year percentage......1b. ______________________
2. 6th preceding year percentage .......2a. _____________________
current year percentage.....2b. ______________________
3. 5th preceding year percentage .......3a. _____________________
current year percentage.....3b. ______________________
4. 4th preceding year percentage .......4a. _____________________
current year percentage.....4b. ______________________
5. 3rd preceding year percentage .......5a. _____________________
current year percentage.....5b. ______________________
6. 2nd preceding year percentage ......6a. _____________________
current year percentage.....6b. ______________________
7. 1st preceding year percentage .......7a. _____________________
current year percentage.....7b. ______________________
SCHEDULE D (see instructions)
APPLICABLE YEAR
COLUMN A
COLUMN B
COLUMN C
COLUMN D
COLUMN E
Credit Carryforward to 2018
Credit Available in 2017
Credit Percentage
Column A Minus Column B
(if less than zero, enter “0”)
1. Current year
NA
NA
2. 7th preceding year
3. 6th preceding year
4. 5th preceding year
5. 4th preceding year
6. 3rd preceding year
7. 2nd preceding year
8. 1st preceding year
9. Total Column D, lines 2 through 8 (enter on Schedule A, line 1b)....................................................... 9.
61111791
NYC-114.7 2017
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