I got a K1 today from a bank that had a trust on my father.
The only entry is box 11. It has an "A" and the number 4,954. On the next page it says an "A" is a "Final year deduction for Excess deductions and should be entered on Schedule A, Line 23. That is pretty clear.
But what do I do about NYS? It says "The following items, if any, are modifications of the amounts on your federal schedule K-1. Fiduciary Addition 4,954. (Enter above on form IT-201, Page 2)"
Where on form IT-201, Page 2? Why?
Thanks much.