Form IT-112 1 New York State Resident Credit Against 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name(s) and identifying number as shown on your tax return at the top of the form.
3. In Section 1, specify the name of the state or jurisdiction where tax on the ordinary income part of lump-sum distributions was paid.
4. Enter the amount of tax imposed on that income in Section 2. Ensure this reflects any credits already applied.
5. Proceed to calculate your allowable credit in Section 3, using amounts from Form IT-230 as instructed.
6. For Canadian taxes, complete Sections 5 through 10 similarly, ensuring you provide accurate figures for each line.
7. Finally, submit this form along with required federal forms to avoid delays in processing your refund or incurring penalties.

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