New York New York Corporate Partners' Schedule K

New York Corporate Partners' Schedule K
Form IT-204.1 New York Corporate Partners’ Schedule K Tax Year 2023
Department of Taxation and Finance

New York Corporate Partners’ Schedule K
Tax Law – Article 9-A

For calendar year 2023 or tax year beginning	

23	

IT-204.1

and ending

Partnership’s name (as shown on Form IT-204)	

Partnership’s EIN

Entire net income (ENI) information when the corporate partner’s New York tax filing status is a C corporation
ENI addition modifications
	 1	 Total additions................................................................................................................................ 	
A – Number

	 1a	
	 1b	
	 1c	

B – Amount

EA – 	
EA – 	
EA –	

A – Number

1d	
1e	
1f	

1

B – Amount

EA –		
EA –
EA –

ENI subtraction modifications
	 2	 Total subtractions........................................................................................................................... 	
A – Number

	 2a	
	 2b	
	 2c	

B – Amount

ES – 	
ES – 	
ES –	

A – Number

2d	
2e	
2f	

2

B – Amount

ES –		
ES –
ES –

Assets and liabilities (see instructions)
	

Average value

	3	
Total assets................................................................................................................................... 	
	4	
Real property and marketable securities included on line 3 ........................................................ 	
	5	
Real property and marketable securities at fair market value (FMV)............................................ 	
	6	
Average value of adjusted total assets......................................................................................... 	
	7	
Total liabilities ............................................................................................................................... 	
	8	
Liabilities directly attributable to business capital ....................................................................... 	
	9	
Liabilities directly attributable to investment capital .................................................................... 	

116001230094

3
4
5
6
7
8
9

Page 2 of 7  IT-204.1 (2023)

Items related to investment capital under Article 9-A
Part 1 – Investment capital that generates income claimed not taxable by New York under the U.S. Constitution
Description of asset (identify each asset, and enter number of shares (if applicable) and date acquired here; for each asset complete columns D
through G on the corresponding lines below; enter only directly owned assets in items A through F and Total from additional sheet(s))
A – Description of asset

Item

B – Number of shares
acquired, if applicable

C – Date acquired

A
B
C
D
E
F
Item

D
Number of
shares sold, if applicable

E
Date sold

F
Average
FMV

G
Liabilities directly
attributable

H
Net average
FMV

A
B
C
D
E
F
Total from additional sheet(s) .....................................
Total from partnerships ...............................................
	 10	 Total columns F and G ................................	 10
Part 2 – Investment capital – stocks actually held more than one year
Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D
through G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s))
A – Name/CUSIP/CINS/lot number

Item

A
B
C
D
E
F

Item

D
Number of
shares sold

E
Date sold

A
B
C
D
E
F
Total from additional sheet(s) .....................................
Total from partnerships ...............................................
	 11	 Total columns F and G ................................	 11

116002230094

B – Number of shares acquired

F
Average
FMV

G
Liabilities directly
attributable

C – Date acquired

H
Net average
FMV

IT-204.1 (2023)  Page 3 of 7
Part 3 – Investment capital – stocks presumed held more than one year
Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns F
and G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s))
A – Name/CUSIP/CINS/lot number

Item

A
B
C
D
E
F

Item

D – Number of
shares sold

E – Date sold

F – Average FMV

B – Number of shares acquired

G – Liabilities directly
attributable

C – Date acquired

H – Net average
FMV

A
B
C
D
E
F
Total from additional sheet(s) .....................................
Total from partnerships ...............................................
	 12	 Total columns F and G.................................	 12
Part 4 – Total investment capital
	 13	 Total average FMV and liabilities directly attributable (add lines 10, 11, and 12 in columns F and G)
				 13
Part 5 – Prior year investment capital – stocks that did not meet holding period requirement (see instructions)
Description of investment (identify each investment, and enter number of shares and date acquired here; for each investment complete columns D
through G on the corresponding lines below; enter only directly owned investments in items A through F and Total from additional sheet(s))
A – Name/CUSIP/CINS/lot number

Item

A
B
C
D
E
F

Item

D – Number of
shares sold

E – Date sold

F – Average FMV
as previously reported

B – Number of shares acquired

G – Liabilities directly
attributable as previously reported

A
B
C
D
E
F
Total from additional sheet(s) .....................................
Total from partnerships ...............................................
	 14	 Total columns F and G ................................	 14
Part 6 – Prior year gross investment income for stocks that did not meet holding period requirement
	 15	 Prior year presumed gross investment income from stocks presumed in the prior year to be held
		  more than one year that failed to meet the presumption ...............................................................	 15

116003230094

C – Date acquired

H – Net average
FMV

Page 4 of 7  IT-204.1 (2023)

Items related to investment and other exempt income under Article 9-A
	16	Gross exempt cross-article dividends .......................................................................................... 	
	17	Gross exempt controlled foreign corporation (CFC) income ....................................................... 	
	18	Gross exempt unitary corporation dividends ............................................................................... 	
	19	Gross investment income from investments generating income not taxable by New York
		  State under the U.S. Constitution ............................................................................................. 	
	20	Dividend income from investment capital from stocks actually held more than one year .......... 	
	21	Net capital gains or losses from investment capital from stocks actually held more than
		  one year ................................................................................................................................... 	
	22	Dividend income from investment capital from stocks presumed held more than one year ....... 	

16
17
18
19
20
21
22

Items related to interest deductions directly attributable to investment and other exempt income under Article 9-A
	23	 Total interest expense per federal Form 1065, line 15 ................................................................. 	
	24	Interest deductions directly attributable to income reported on line 16....................................... 	
	25	Interest deductions directly attributable to income reported on line 17 ...................................... 	
	26	Interest deductions directly attributable to income reported on line 18 ...................................... 	
	27	Interest deductions directly attributable to income reported on line 19 ...................................... 	
	28	Interest deductions directly attributable to income reported on line 20 ...................................... 	
	29	Interest deductions directly attributable to income reported on line 21 ...................................... 	
	30	Interest deductions directly attributable to income reported on line 22 ...................................... 	
	31	Interest deductions directly attributable to business capital ..................................................... 	

23
24
25
26
27
28
29
30
31

Items related to subtraction modifications for qualified banks
	32	Qualified residential loan portfolio assets .................................................................................... 	 32
	33	Gross interest income from qualifying loans ................................................................................ 	 33
	33a	 Gross interest income from all loans............................................................................................ 	 33a
	33b	 Gross interest expense from all loans.......................................................................................... 	 33b

Items related to manufacturing
	34	Total receipts from the sale of goods by manufacturing .............................................................. 	 34
	35	 New York adjusted basis of qualified manufacturing property...................................................... 	 35
	36	 Number of employees employed in manufacturing in New York.................................................. 	 36

Apportionment and Metropolitan Commuter Transportation District (MCTD) information
Apportionment – Part 1

	1	 During the reporting year, did the partnership do business, employ capital, own or lease property,
		  maintain an office, or derive receipts from activity, in New York State? (mark an X in the appropriate box)....	 Yes	No
	2	
During the reporting year, did the partnership do business, employ capital, own or lease property,
		  maintain an office, or derive receipts from activity, in the MCTD? (mark an X in the appropriate box)	 ..........	 Yes	No

Average value of property

  (see instructions for Apportionment – Part 1, lines 3 through 7)

	3	
Real estate owned.................................................................................... 	3
	4	
Real estate rented ................................................................................... 	 4
	 5	 Inventories owned .................................................................................... 	 5
	6	
Tangible personal property owned ........................................................... 	 6
	7	
Tangible personal property rented ........................................................... 	7

116004230094

A
MCTD

B
New York State

IT-204.1 (2023)  Page 5 of 7

Apportionment – Part 2
Receipts from: (see instructions for Apportionment –
  Part 2, lines 1 through 53a)

Section 210-A.2
	1	
Sales of tangible personal property ........................... 	 1
	2	
Sales of electricity .....................................................	 2
	3	
Net gains from sales of real property ........................ 	 3
Section 210-A.3
	4	
Rentals of real and tangible personal property .......... 	 4
	5	
Royalties from patents, copyrights, trademarks, and
		  similar intangible personal property ....................... 	 5
	6	
Sales of rights for certain closed-circuit and cable
		  TV transmissions of an event  ................................ 	 6
Section 210-A.4
	7	
Sale, licensing, or granting access to digital products 	 7
	7a	 Sale, licensing, or granting access to digital products	 7a
	 8	 This line intentionally left blank ................................. 	 8
Section 210-A.5(a)(2)(A)
	9	
Interest from loans secured by real property ............. 	 9
	10	Net gains from sales of loans secured by real property 	 10
	11	Interest from loans not secured by real property   .	 11
	12	 Net gains from sales of loans not secured by
		  real property ...................................................... 	 12
Section 210-A.5(a)(2)(B)
	13	 Interest from federal debt ..........................................	 13
	14			
	15	 Interest from NYS and its political subdivisions debt .	 15
	16	 Net gains from federal, NYS, and NYS political subdivisions debt .	 16
	17	 Interest from other states and their political
		  subdivisions debt ...................................................	 17
	 18	 Net gains from other states and their political
		  subdivisions debt ...................................................	 18
Section 210-A.5(a)(2)(C)
	19	 Interest from asset-backed securities and other
		  government agency debt .......................................	 19
	20	 Net gains from government agency debt or
		  asset-backed securities sold through an exchange 	 20
	21	 Net gains from all other asset-backed securities ....... 	 21
Section 210-A.5(a)(2)(D)
	22	 Interest from corporate bonds ...................................	 22
	23	 Net gains from corporate bonds sold through
		  broker/dealer or licensed exchange ....................... 	 23
	24	 Net gains from other corporate bonds ....................... 	 24
Section 210-A.5(a)(2)(E)
	 25	 Net interest from reverse repurchase and securities
		  borrowing agreements ..........................................	 25
Section 210-A.5(a)(2)(F)
	 26	 Net interest from federal funds ..................................	 26
Section 210-A.5(a)(2)(I)
	 27	 Net income from sales of physical commodities ....... 	 27
Section 210-A.5(a)(2)(J)
	 28	 Marked to market net gains .......................................	 28

116005230094

A
MCTD

B
New York State

C
Everywhere

Page 6 of 7  IT-204.1 (2023)

Receipts from: (continued)
Section 210-A.5(a)(2)(H)
		210-A.5(a)(2)(G)
	29	 Interest from other financial instruments ................... 	 29
	30	 Net gains from other financial instruments ................ 	 30
	30a	 Net gains from other financial instruments
		  (broker/dealer/exchange) 
.......................................	 30a
	30b	 Other income from other financial instruments.......... 	 30b
	30c	 Other income from other financial instruments
		(broker/dealer/exchange)........................................... 	 30c
	30d	 Dividends from stock that is business capital............ 	 30d
	30e	 Net gains from sales of stock that is business capital....	 30e
	30f	 Net gains from sales of partnership interests.................	 30f
Section 210-A.5(b)
	31	 Brokerage commissions ............................................	 31
	32	 Margin interest earned on behalf of brokerage accounts 	 32
	33	 Fees for advisory services for underwriting
		  or management of underwriting ................................ 	 33
	34	 Receipts from primary spread of selling concessions 	 34
	35	 Receipts from account maintenance fees ................. 	 35
	36	Fees for management or advisory services .............. 	 36
	37	 Interest from an affiliated corporation ........................ 	 37
Section 210-A.5(c)
	38	 Interest, fees, and penalties from credit cards .......... 	 38
	39	 Service charges and fees from credit cards .............. 	 39
	40	 Receipts from merchant discounts ............................ 	 40
	41	 Receipts from credit card authorizations and
		  settlement processing ............................................	 41
	42	 Other credit card processing receipts ........................ 	 42
Section 210-A.5(d)
	43	 Receipts from certain services to investment companies 	 43
	44	 This line intentionally left blank .................................. 	 44
Section 210-A.6
	45	 Receipts from railroad and trucking business ........... 	 45
Section 210-A.6-a
	46	 Receipts from the operation of vessels ..................... 	 46
Section 210-A.7
	47	 Receipts from air freight forwarding .......................... 	 47
	48	 Receipts from other aviation services ....................... 	 48
Section 210-A.8
	49	 Advertising in newspapers or periodicals .................. 	 49
	50	 Advertising on television or radio .............................. 	 50
	51	 Advertising via other means ......................................	 51
Section 210-A.9
	52	 Transportation or transmission of gas through pipes .	 52
Section 210-A.10
	53	 Receipts from other services/activities not specified .	 53
	53a	 Receipts from other services/activities not specified.	 53a

116006230094

A
MCTD

B
New York State

C
Everywhere

IT-204.1 (2023)  Page 7 of 7
A
MCTD

	Payroll

B
New York State

	54	Wages and other compensation of employees except general executive officers.	 54
	55	Average number of individuals employed full-time in New York State (excluding employees with
		  partnership-wide authority) .............................................................................................................................	 55

Gross proceeds or receipts from certain sales
  (for apportionment purposes) (see instructions)

	56	Sales of loans secured by real property ................... 	
	57	Sales of loans not secured by real property ............. 	
	58	Sales of other asset-backed securities ..................... 	
	59	Sales of corporate bonds ..........................................	
	60	 Sales of physical commodities .................................. 	

A
MCTD

B
New York State

56
57
58
59
60

Marked to market net gain or loss from deemed sales (for apportionment purposes)
	61	Of loans secured by real property ................................................................................................ 	
	62	Of loans not secured by real property ......................................................................................... 	
	63	Of federal debt instruments ......................................................................................................... 	
	64	Of New York State and its political subdivisions debt instruments ............................................... 	
	65	Of other states and their political subdivisions debt instruments ................................................. 	
	66	Of government agency debt or asset-backed securities (through exchange) ............................. 	
	67	Of all other asset-backed securities ............................................................................................. 	
	68	Of corporate bonds through licensed exchange or broker/dealer ................................................ 	
	69	Of other corporate bonds ............................................................................................................. 	
	70	Of physical commodities .............................................................................................................. 	
	71	Of other financial instruments of one type ................................................................................... 	

61
62
63
64
65
66
67
68
69
70
71

Items related to repurchase agreements and securities borrowing/lending agreements
	72	Value of reverse repurchase agreements when partnership is purchaser/lender ........................ 	
	73	 Value of borrowing agreements when partnership is securities borrower .................................... 	
	74	 Value of repurchase agreements when partnership is seller/borrower ........................................ 	
	75	 Value of lending agreements when partnership is securities lender ............................................ 	
	76	 Interest income from reverse repurchase agreements and securities borrowing agreements ...... 	
	77	 Interest expense from repurchase agreements and securities lending agreements ................... 	

116007230094

72
73
74
75
76
77

C
Everywhere