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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Although Form IT-204 is an informational return only, and no tax is due, there is still a requirement to make estimated payments on behalf of C corporations (via Form CT-2658) and nonresident individuals (via Form IT-2658). Similar to withholding, these estimated tax payments are for taxpayers to pay the tax liability resulting from their share of the partnership and are included on the respective partners' K-1. If the payment is not paid, or underpaid, Form IT-2659 will calculate a penalty. This form can be suppressed on Screen NYPmt. 

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