[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-283170-105":53,"doc-detail-283170-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","partnership-return-and-related-forms-it-204-instructions-for-completing-partnership-forms","Partnership return and related forms - IT-204 - Instructions for completing partnership forms","","Instructions guide partnerships in completing New York State tax forms for reporting partnership income and related items for calendar year 2025 (or other tax years beginning in 2025). The material explains the purpose of Form IT-204, requirements for filing additional schedules based on partner type, criteria for when partnerships must file, and how to handle tiered partnerships under Regulation section 137.6. It also clarifies reporting obligations for New York source income and resident-partner scenarios.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/partnership-return-and-related-forms-it-204-instructions-for-completing-partnership-forms/283170/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/partnership-return-and-related-forms-it-204-instructions-for-completing-partnership-forms/283170.png","ImageObject",442,249,{"name":88,"@type":89},"Graffin","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-19","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the purpose of Form IT-204 for partnerships?","Question",{"text":109,"@type":110},"Use Form IT-204 to report income, deductions, gains, losses, and credits from partnership operations for the 2025 calendar year (or a tax year beginning in 2025).","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Which additional forms must a partnership file based on partner type?",{"text":114,"@type":110},"The partnership must file additional forms depending on partners, including IT-204-IP for individual, estate or trust, and qualifying partnership/LLC treated as a partnership; IT-204-CP for Article 9-A corporate partners; and IT-204.1 for certain partnership or corporate partner scenarios as described.",{"name":116,"@type":107,"acceptedAnswer":117},"When must a partnership file Form IT-204 even if it is not subject to personal income tax?",{"text":118,"@type":110},"A return is required if the partnership has at least one partner who is an individual, estate, or trust resident in New York State, or it has any income, gain, loss, or deduction from New York State sources.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},283170,1790456190,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":8},3573418547284,"https://eur-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","DepartmeInstntroufTaxatioctanodFinannscefor Form IT-204 IT-204-I  \nPartnership return and related forms  \n\n| Instructional contents |\n| --- |\n| These instructions are for partnerships to complete the following forms:\u003Cbr>• IT-204, Partnership Return\u003Cbr>• IT-204-IP, New York Partner’s Schedule K-1\u003Cbr>• IT-204 . 1, New York Corporate Partners’ Schedule K\u003Cbr>• IT-204-CP, New York Corporate Partner’s Schedule K-1 |\n| What’s new for 2025? |\n| For a detailed list of what’s new, including a summary of tax law changes, [visit our website at](visit our website at www.tax.ny.gov)[ www.tax.ny.gov](visit our website at www.tax.ny.gov) (search: 2025) . |\n| General information |\n\nPurpose of Form IT-204  \nUse Form IT-204 to report income, deductions, gains, losses, and credits from the operation of a partnership for calendar year 2025, or other tax year beginning in 2025. All items you report on Form IT-204 or on documents included with it are subject to verification, audit, and revision by the New York State Tax Department.  \nAdditional forms you must file  \nEvery partnership must file additional forms depending on the type of partner as shown below:  \n\n| Partner type | Form\u003Cbr>IT-204-IP | Form\u003Cbr>IT-204-CP | Form\u003Cbr>IT-204.1 |\n| --- | --- | --- | --- |\n| Individual | X |  |  |\n| Estate or trust | X |  |  |\n| Partnership | X |  | X |\n| LLC treated as a partnership | X |  | X |\n| Article 9-A\u003Cbr>corporation |  | X | X |\n| LLC treated asa corporation |  | X | X |\n\nIf you are a partnership with partners that are partnerships or partners that are LLCs treated as partnerships, you must:  \n• provide each of those partners with both Forms IT-204-IP and IT-204-CP, and;  \n• file only Form IT-204-IP with your Form IT-204 .  \nWho must file  \nPartnerships are not subject to personal income tax. But partnerships must file a return on Form IT-204, regardless of the amount of its income (see Specific instructions) if they have either:  \n• at least one partner who is an individual, estate, or trust that is a resident of New York State, or  \n• any income, gain, loss, or deduction from New York State sources.  \nOtherwise, New York State law does not currently require a partnership to file a return solely because it has a partner that is either a partnership or corporation formed under the laws of New York State, even though the partner may be responsible for filing its own return with New York State.  \nIn addition to the information reported on Forms IT-204-IP and IT-204-CP, the partnership must report to each partner any additional information the partner needs for filing their own return.  \nTiered partnerships (Regulation section 137.6)  \nIf your partnership is a partner in another partnership (a lower-tier partnership) , the source and character of the distributive share of each item of your partnership to any partner of your partnership that is attributable to the lower-tier partnership retains the source and character determined atthe level of the lower-tier partnership. Any such item that flows through your partnership to such partner does not change the source and character of that item.  \nExample: Partnership A was a partner in another partnership, B. A is referred to as the upper-tier partnership while B is referred to as the lower-tier partnership. P was a nonresident individual partner of A.  \nPartnership A was not engaged in a trade or business in New York, but partnership B was. Even though partnership A was not carrying on business in New York, it had New York source income from the distributive shares it received from partnership B. The source and character of each item that partnership A received from partnership B retains the source and character determined at the level of partnership B. For instance, if P was a partner ofA, andA was a partner ofB, nonresident individual partner P would allocate its share of the NY income from B at B’s business allocation percentage. Further, ifA was engaged in a trade or business in NY, then P would allocate ","cbCaiimcuic7mmfG","https://ap.wps.com/l/cbCaiimcuic7mmfG","pdf",578996,32,"English","# Purpose of Form IT-204\n# Additional forms you must file\n## Partner type mapping (IT-204-IP, IT-204-CP, IT-204.1)\n# Who must file\n# Tiered partnerships (Regulation section 137.6)\n# Partnerships with resident partners but no New York source income\n# Income from New York State sources","[{\"question\":\"What is the purpose of Form IT-204 for partnerships?\",\"answer\":\"Use Form IT-204 to report income, deductions, gains, losses, and credits from partnership operations for the 2025 calendar year (or a tax year beginning in 2025).\"},{\"question\":\"Which additional forms must a partnership file based on partner type?\",\"answer\":\"The partnership must file additional forms depending on partners, including IT-204-IP for individual, estate or trust, and qualifying partnership/LLC treated as a partnership; IT-204-CP for Article 9-A corporate partners; and IT-204.1 for certain partnership or corporate partner scenarios as described.\"},{\"question\":\"When must a partnership file Form IT-204 even if it is not subject to personal income tax?\",\"answer\":\"A return is required if the partnership has at least one partner who is an individual, estate, or trust resident in New York State, or it has any income, gain, loss, or deduction from New York State sources.\"}]","Partnership return and related forms - IT-204 - Instructions for completing partnership forms | PDF",1789590980]