Please viisit the NY IT 225 instructions for more information on income adjustments. These are the NY subtractions:
A-115 Special accruals
A-117 Incomplete gift non-grantor trust
A-201 Personal income taxes and unincorporated business taxes Line 64 deducted in determining federal AGI
A-202 Percentaxge depletion
A-203 Safe harbor leases (IRC section 168(f)(8))
A-204 Safe harbor leases
A-205 Accelerated cost recovery system (ACRS) deduction
A-206 ACRS property; year of disposition adjustment
A-207 Farmers’ school tax credit
A-208 Sport utility vehicle expense deduction
A-209 IRC section 168(k) property depreciation
A-210 Special depreciation
A-211 Royalty and interest payments made to a related member or members
A-212 Environmentaxl remediation insurance premiums
A-213 Domestic production activities deduction
A-214 Metropolitaxn commuter transportaxtion mobility tax (MCTMT)
A-215 NOL deduction limitaxtion
A-216 Manufacturer’s real property tax
A-217 StaxRT-UP NY ecise tax on telecommunication services
A-301 S corporation shareholders; reduction for taxes
A-302 S corporation shareholders; pass-through loss or deduction items
A-303 S corporation shareholders
A-304 S corporation shareholders; disposition of stock or indebtedness with increased basis
EA-901 Beneficiary’s share of fiduciary adjustment
S-101 StaxRT-UP NY wages
S-102 Build America Bond (BAB) Interest
S-103 New York’s 529 college savings program deduction Line 30
S-104 New York’s 529 college savings program distributions Line 30
S-105 Long-term residential care deduction
S-106 Pension and annuity income eclusion Line 29 Line 28
S-107 Pensions of New York state and local governments and Line 26 Line 25 federal government
S-108 taxable refunds, credits, or offsets of state and local Line 25 Line 24 income taxes
S-109 Accelerated death benefits received that were includable in federal AGI
S-110 Contributions for Eecutive Mansion, natural and historical resources, not deducted elsewhere
S-111 Distributions made to a victim of Nazi persecution
S-112 Items of income related to assets stolen from or otherwise lost to a victim of Nazi persecution
S-113 Professional service corporation shareholders
S-114 Gain to be subtracted from the sale of a new business investment reported on your federal income tax return
S-115 Qualified emerging technology investments (QETI)
S-116 Sales or dispositions of assets acquired before 1960 with greater state than federal bases
S-117 Income earned before 1960 and previously reported to New York state
S-118 Militaxry combat pay
S-119 Militaxry pay
S-120 New York Higher Education Loan Program (HELP)
S-121 Certaxin investment income from U.S. government agencies
S-122 Certaxin railroad retirement income and railroad unemployment insurance benefits
S-123 Certaxin investment income exempted by other New York state laws
S-124 Disability income eclusion
S-125 Interest income on U.S. government bonds Line 28 Line 27 Line 67
S-126 New York state organized militia income
S-127 Loss from the sale or disposition of property that would have been realized if a federal estate tax return had been required
S-128 Native American income eclusion
S-129 Special accruals
S-130 Volunteer firefighter or ambulance worker length of service award
S-131 Incomplete gift non-grantor trust
S-132 Living organ donors
S-201 Small business modification
S-202 Trade or business interest expense on loans used to buy federally tax-exempt obligations that are taxable to New York state
S-203 Trade or business expenses (other than interest expense) connected with federally tax-exempt income that is taxable to New York state
S-204 Amortizable bond premiums on bonds that are owned by a trade or business and the interest on which is federally tax-exempt income but taxable to New York state
S-205 Wage and salary expenses allowed as federal credits but not as federal expenses
S-206 Cost depletion
S-207 Special depreciation expenditures
S-208 Safe harbor leases
S-209 Safe harbor leases
S-210 New York depreciation allowed
S-211 ACRS (year of disposition adjustment)
S-212 Sport utility vehicle expense deduction recapture
S-213 IRC section 168(k) property depreciation
S-214 IRC section 168(k) property (year of disposition adjustment)
S-215 Refund of QEZE credit for real property taxes
S-216 New York state Innovation Hot Spot Program
S-301 S corporation shareholders
S-302 S corporation shareholders - pass-through income
ES-901 Beneficiary’s share of fiduciary adjustment