IT-219: Credit for New York City Unincorporated Business Tax (2024)
New York · NY DTF · Used for tax years 2024
Form IT-219 calculates the credit for New York City unincorporated business tax. It includes sections for partners, individuals, beneficiaries, and fiduciaries, along with worksheets and an allocation schedule for estates and trusts. Submit it with Form IT-201, IT-203, or IT-205.
Who files this form
Use Form IT-219 to claim the Credit for New York City Unincorporated Business Tax. Submit it with Form IT-201, IT-203, or IT-205.
The form has sections for partners, individuals, beneficiaries, and fiduciaries. Its credit calculation includes separate directions for full-year and part-year New York City resident individuals, full-year resident estates or trusts, and part-year resident trusts.
What you'll need
Have the forms and information that apply to your situation:
- Partners: Form NYC-204, including lines 20 and 23, Schedule C column I, and the partnership’s name, year end, and employer identification number (EIN).
- Individuals: Form NYC-202, line 21, or Form NYC-202S, line 8. Worksheet A also lists Form NYC-202EIN, line 21.
- Part-year residents: Form IT-360.1 for individuals, or Form IT-205-A for trusts, for the income and allocation amounts requested.
- Beneficiaries: The estate or trust’s name and EIN, plus your share of its New York City unincorporated business taxes.
- Estates and trusts: Beneficiary names, addresses, identifying numbers, allocation percentages, and eligible unincorporated business tax amounts for Schedule A.
- Full-year New York City resident individuals: Form IT-201 and Form IT-201-ATT for the taxable income and tax amounts used in the credit calculation.
Also enter your name as shown on your return and your taxpayer identification number.
How to file
Submit Form IT-219 with your return: Form IT-201, IT-203, or IT-205. The supplied form does not give a mailing address or e-file directions.
Transfer the calculated credit as follows:
- Part-year New York City resident individuals: Transfer line 11 to Form IT-360.1, line 54.
- Estates and trusts: Transfer line 11 to Form IT-205, line 22.
- Full-year New York City resident individuals: Complete lines 12 through 16, then transfer line 16 to Form IT-201-ATT, line 8.
Common mistakes
- Do not forget to submit Form IT-219 with Form IT-201, IT-203, or IT-205.
- Partners must enter the distributive-share percentage on line 4 as a decimal rounded to four decimal places. For example, 17.5% becomes .1750.
- Part-year New York City resident individuals and estates and trusts must stop at line 11 and transfer the credit as directed. Lines 12 through 16 are for full-year New York City resident individuals.
- On line 16, enter the smaller of line 11 or line 15, not automatically the full amount from line 11.
Questions people ask
What percentage is used to calculate the credit?
For 2024, if taxable income on line 9 is $42,000 or less, enter 1.000 (100%) on line 10. If it is more than $42,000 but less than $142,000, complete Worksheet B. If it is $142,000 or more, enter .230 (23%).
How do partners start the calculation?
Add Form NYC-204, lines 23 and 20, then multiply the total by your percentage of total distributive shares from Schedule C, column I. The form directs partners with more than one business or part-year residency to consult the instructions, which were not supplied here.
Where do beneficiaries report their share?
Enter your share of the estate or trust’s New York City unincorporated business taxes on line 7, along with the estate or trust’s name and EIN.
What is Schedule A for?
Schedule A is for estates and trusts to show the fiduciary’s and beneficiaries’ shares of New York City unincorporated business tax. Fiduciaries enter the amount from Schedule A’s Fiduciary line, column D, on line 8.