Instructions for Form IT-230 Separate Tax on Lump-Sum ... 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name(s) and identifying number as shown on your return at the top of the form.
3. For line 1, specify the name of the state or jurisdiction where tax on the ordinary income part of lump-sum distributions was paid.
4. On line 2, input the total amount of tax imposed on that income part. Ensure this reflects any credits already applied.
5. Proceed to calculate any resident credit claimed against New York State separate tax by following instructions for lines 4 and 10, ensuring you reference Form IT-201 or IT-203 as needed.
6. Finally, submit this form along with copies of federal Forms 4972 and 1116 through our platform for a seamless filing experience.

Start using our platform today to simplify your document editing and form completion!