New York State Form IT-657 Not in TurboTax Home and Business Desktop

Forum|Forum|2 years ago
March 18, 2024
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I've used TurboTax Home and Business for Desktop for years, but my business received the New York State COVID-19 Capital Costs Credit in 2023, which requires filing Form IT-657 to claim, and TurboTax Home and Business 2023 does not seem to offer this form. What are the chances this form will be available before April 15? If I can't file using TurboTax, then I wasted money on it this year and will have to spend even more time and money on different tax software that supports that form.

CatinaT1

This is for your Personal NY Return? I don't show these forms at all on our availability list. So they must not be something TurobTax Supports.

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plinmdAuthor

Yes, the S-corp tax return has a CT-657, which breaks down how much credit each shareholder is entitled to. Then the shareholder has to claim the credit by entering the info on IT-657 and IT-201-ATT.

https://www.tax.ny.gov/pdf/current_forms/it/it657_fill_in.pdf