K1, Box 11 "Final Year deductions/Excess deductions" New York State.

Mar 06, 2016 0 Replies

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.


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