Instructions for Form IT-204-IP — Partner's New York K-1 (Individual)

# preamble

Department of Taxation and Finance Partner's Instructions For Form IT-204-IP New York Partner's Schedule K-1 General instructions Use these instructions to help you report on your personal income tax return the items shown on all your Forms IT-204-IP, as reported by the partnership(s). You as a partner are liable for tax on your share of the partnership income, whether or not distributed. Do not file Form IT-204-IP with your tax return. Keep them for your records. Errors on your Form IT-204-IP If you believe the partnership reported inaccurate information on your Form IT-204-IP, notify the partnership. Ask for a corrected Form IT-204-IP. Do not change any items on your copy of Form IT-204-IP.

# Specific instructions

Item M If the No box is marked, but after considering all your individual circumstances, you feel you are not required to pay estimated tax, see Form IT-2658-E-I, Instructions for Form IT-2658-E, to determine if you qualify. Item N If the partnership made estimated tax payments on your behalf, the dates the estimated tax payments were made, and the amounts, are shown in item N. In the payments section of your income tax return, include the total amount of the estimated tax paid as shown on your Form IT-204-IP. Item O If the partnership made estimated Metropolitan Commuter Transportation Mobility Tax (MCTMT) payments on your behalf, the dates the estimated tax payments were made, and the amounts, are shown in item O. If estimated MCTMT payments were made for both Zone 1 and Zone 2, the amounts entered on O1 through O4 are the totals paid for both zones. In the payment section of your income tax return, include the total amount of the estimated MCTMT paid as shown on your Form IT-204-IP. Partner's share of income, deductions, etc. Full-year New York State residents: Enter the amounts shown in column B, lines 1 through 19, that were reported on your federal return on the corresponding lines on your Form IT-201, Resident Income Tax Return. For more information, see the instructions for Form IT-201. Nonresidents and part-year residents: Enter the amounts shown in column B, lines 1 through 19, that were reported on your federal return on the corresponding lines on your Form IT-203, Nonresident and Part-Year Resident Income Tax Return, in the Federal amount column. Enter the amounts shown in column C, lines 1 through 19, on the corresponding lines in the New York State amount column. For more information, see Form IT-203-I, Instructions for Form IT-203. Partner's share of New York modifications The listed modifications on Form IT-204-IP are to be added to, or subtracted from, your federal adjusted gross income or itemized deductions on your New York State income tax return in arriving at your total New York income and New York itemized deduction, respectively. You need this information to complete your individual income tax return. For more information, see the instructions for the tax return you are filing. If your partnership paid income taxes to other states, it must provide you with a statement itemizing the taxes paid to each state on your behalf. You will need this information, in addition to the information reported on Form IT-204-IP, to compute the amount of taxes to be added back on Form IT-225, New York State Modifications. This includes (if applicable) any addback required for pass-through entity tax (PTET) paid to other states that was used to claim a resident tax credit. If your partnership meets the qualifications of a non-farm small business, or if it receives information from a lower-tier partnership that qualifies, it must provide you with a statement that includes: • verification that the partnership qualifies as a non-farm small business and • your distributive share of the amount of the qualifying income base attributable to the partnership. You will need this information, in additional to the information reported on Form IT-204-IP, when calculating the small business modification to be entered on Form IT-225. For more information on this subtraction, see Form IT-225-I, Instructions for Form IT-225. Line 20 - New York State additions • Full-year New York State residents: Enter any amount coded EA-113 on your Form IT-201, line 20. Enter all other amounts on Form IT-225. • Nonresidents and part-year residents: Enter any amount coded EA-113 on your Form IT-203, line 20. Enter all other amounts on Form IT-225. Line 22 - New York State subtractions • Full-year New York State residents: Enter any amount coded ES-125 on your Form IT-201, line 28. Enter all other amounts on Form IT-225. • Nonresidents and part-year residents: Enter any amount coded ES-125 on your Form IT-203, line 27. Enter all other amounts on Form IT-225. Lines 24 and 25 - Additions to itemized deductions Include the line 25 amount on Form IT-196, New York Resident, Nonresident, and Part-Year Resident Itemized Deductions, line 44. Submit a statement identifying by item letter as shown on line 24 any of the modifications that relate to partnership items of your itemized deductions. For more information, see the instructions for the income tax return you are filing. Lines 26 and 27 - Subtractions from itemized deductions - Include the line 27 amount on Form IT-196, line 41. Submit a statement identifying by item letter as shown on line 26 any of the modifications that relate to partnership items of your itemized deductions. For more information, see the instructions for the income tax return you are filing. Partner's other information Line 29a - Partner's share of New York source gross income The amount shown on line 29a is your share of New York source gross income. If you are required to file Form IT-204-LL, Partnership, Limited Liability Company, and Limited Liability

Page 2 of 4 IT-204-IP-I (2025) Partner's instructions for Form IT-204-IP Partnership Filing Fee Payment Form, you will need this information to determine your filing fee on your Form IT-204-LL for the 2026 tax year. Line 29b - MCTD Zone 1 allocation percentage The amount shown on line 29b is the partnership's MCTD Zone 1 allocation percentage. Use this percentage to calculate your MCTD Zone 1 tax on your personal income tax return. Line 29c - MCTD Zone 2 allocation percentage The amount shown on line 29c is the partnership's MCTD Zone 2 allocation percentage. Use this percentage to calculate your MCTD Zone 2 tax on your personal income tax return. Line 29d - Partner's share of receipts from the sale of goods by manufacturing This amount may be needed when determining if you qualify as a manufacturer to claim the manufacturer's real property tax credit. See Form IT-641, Manufacturer's Real Property Tax Credit and its instructions. Line 29e - Partner's share of New York adjusted basis of qualified manufacturing property This amount may be needed when determining if you qualify as a manufacturer to claim the manufacturer's real property tax credit. See Form IT-641 and its instructions. Partner's credit information The Form IT-204-IP provided to you by your partnership lists your distributive share of any credits, credit components, credit factors, recapture of credits, and any other information reported by the partnership during the tax year. You need this information when completing your individual income tax return.

# Part 1 - Flow-through credit bases and information

Lines 30, 31, and 32 - Brownfield redevelopment tax credit Include the amounts reported in column A, on the appropriate lines of Form IT-611, Claim for Brownfield Redevelopment Tax Credit, for Qualified Sites Accepted into the Brownfield Cleanup Program Prior to June 23, 2008; or the amounts from column B, on the appropriate lines of Form IT-611.1, Claim For Brownfield Redevelopment Tax Credit, for Qualified Sites Accepted into the Brownfield Cleanup Program on or After June 23, 2008, and prior to July 1, 2015; or the amounts from column C, on the appropriate line of Form IT-611.2, Claim for Brownfield Redevelopment Tax Credit for Qualified Sites Accepted into the Brownfield Cleanup Program on or after July 1, 2015. Lines 39 through 42a - Excelsior jobs program tax credit Include the excelsior jobs program tax credit components reported on lines 39 through 42a on the appropriate lines of Form IT-607, Claim for Excelsior Jobs Program Tax Credit. Lines 47a through 47f If your partnership is a shareholder of a C corporation that has a special gross income from farming election, information regarding the election is reported on lines 47a through 47f. You will need this information to complete your Form IT-217, Claim for Farmers' School Tax Credit. Code 148 - Distributive share of entire net income amount Code 146 - Distributive share of principal payments paid on farm indebtedness Code 149 - Distributive share of gross income Code 147 - Distributive share of gross income from farming If the partnership contributed to one or more of the following New York Charitable Gifts Trust Fund accounts, the partnership will report your distributive share on lines 47a through 47f using code 127: • Health Charitable Account • Elementary and Secondary Education Account If the partnership contributed to one of the following, your distributive share is reported on lines 47a through 47f using code 128: • Health Research Inc. • State University of New York Impact Foundation • Research Foundation of the City University of New York You will need this information to complete Form IT-228, Contributions to Certain Funds Credit. If the following codes are reported on these lines, transfer the amounts to the corresponding lines of Form IT-633, Economic Transformation and Facility Redevelopment Program Tax Credit. Code 633 - Jobs tax credit component Code B33 - Investment tax credit component Code C33 - Training tax credit component Code D33 - Real property tax credit component If the partnership opted to pay the PTET and you are eligible for a PTET credit, the partnership will report your distributive share of the PTET on lines 47a through 47f using code 653. If you are a resident of New York City and the partnership opted to pay the New York City pass-through entity tax (NYC PTET) and you are eligible for a NYC PTET credit, the partnership will report your distributive share of the NYC PTET on lines 47a through 47f using code B53. You will need this information to complete Forms IT-225 and IT-653, Pass-Through Entity Tax Credit. Lines 47g through 47l If the following codes are reported on lines 47g through 47l when filing your Forms IT-604, Claim for QEZE Tax Reduction Credit, transfer the factors reported on lines 47g through 47l to the appropriate lines of Form IT-604. Code CF1 - Employment increase factor Code CF2 - Zone allocation factor Code CF3 - Benefit period factor If the following codes are reported on these lines, when filing your Forms IT-638, START-UP NY Tax Elimination Credit, transfer the information reported on these lines to the appropriate lines of Form IT-638. Code SN1 - Certificate number Code SN2 - Year of business tax benefit period Code SN3 - Area allocation factor Part 2 - Flow-through credits, addbacks, and recapture Lines 51 and 52 - For those credits, addback of credits, and recaptures that are not specifically listed on Form IT-204-IP, the partnership provides you with the code and your distributive share of these items. You must complete a separate credit form reporting your distributive share of the credit, credit components, credit factors, and recapture of credit for each credit listed. See the chart at the end of these instructions for a list of the codes for the credits and addbacks entered on lines 51 and 52.

Partner's instructions for Form IT-204-IP IT-204-IP-I (2025) Page 3 of 4 Lines 51 and 52 - Other flow-through credits, addbacks, and recaptures Code number Name of credit or addback Form number 163 EZ investment tax credit (and employment incentive credit) Addback on early dispositions IT-603 165 FSI EZ investment tax credit (and employment incentive credit) Addback on early dispositions IT-605 QEZE credit for real property taxes Addback 169 Brownfield redevelopment tax credit addback IT-611.2 170 Brownfield redevelopment tax credit addback IT-611.1 171 Brownfield redevelopment tax credit addback IT-611 Brownfield credit for real property taxes Addback for real property taxes Brownfield credit for environmental remediation insurance Addback for environmental remediation insurance 212 Investment credit Addback on early dispositions IT-212 236 Taxicabs and livery service vehicles accessible to persons with disabilities credit (For costs incurred on or after January 1, 2011)

Rehabilitation of historic properties credit Addback Empire State film production credit (current tax year credit) Addback B48 Empire State film production credit (second year credit) IT-248 C48 Empire State film production credit (third year credit) IT-248 250 Defibrillator credit IT-250 251 Employment of persons with disabilities credit IT-251 252 FSI investment tax credit (and employment incentive credit) Addback on early dispositions IT-252 253 Alternative fuels credit addback on early dispositions IT-253 256 Special additional mortgage recording tax credit IT-256 301 Clean heating fuel credit IT-241 302 Conservation easement credit IT-242 355 Empire State commercial production credit IT-246 Empire State film post-production credit (current tax year credit) Addback B56 Empire State film post-production credit (second year credit) IT-261 C56 Empire State film post-production credit (third year credit) IT-261 607 Excelsior jobs program tax credit addback IT-607 621 QETC employment credit DTF-621 QETC capital tax credit Addback on early dispositions DTF-622 DTF-622 Low-income housing credit Addback DTF-624 DTF-626 631 Security officer training credit IT-631 Economic transformation and facility redevelopment program credit Addback IT-633 Empire State jobs retention program credit Addback 635 New York youth jobs program tax credit IT-635

# Part 3 - START-UP NY tax elimination credit information

Your partnership must supply you with a statement indicating the name(s) of the sponsoring campus, university, or college. Lines 53, 54, and 55 - Include information from these lines on the appropriate lines of Form IT-638. Be sure to submit all applicable credit forms with your income tax return. For more information on the reporting of credits, see the instructions for the particular credit form you are filing.

Page 4 of 4 IT-204-IP-I (2025) Partner's instructions for Form IT-204-IP Other flow-through credits, addbacks, and recaptures (continued) Code number Name of credit or addback Form number B36 C36 D36 E36 Alcoholic beverage production credit Beer produced Cider produced Wine produced Liquor produced (containing more than 2% but not more than 24% ABV) Liquor produced (containing more than 24% ABV) Alternative fuels and electric vehicle recharging property credit Addback 640 START-UP NY telecommunication services excise tax credit IT-640 Manufacturer's real property tax credit Addback 642 Empire State musical and theatrical production credit IT-642 643 Hire a veteran credit IT-643 644 Workers with disabilities credit IT-644 645 Recapture of START-UP NY tax benefits IT-645 646 Employee training incentive program IT-646 647 Farm workforce retention credit IT-647 648 Life sciences research and development tax credit IT-648 649 Farm donations to food pantries credit IT-649 650 Empire State apprenticeship tax credit IT-650 651 Recovery tax credit IT-651 Employer-provided childcare credit Addback 654 New York City musical and theatrical production tax credit IT-654 660 Empire State digital gaming media production credit IT-660 661 Farm employer overtime credit IT-661 Commercial Security Credit Addback 665 Newspaper and broadcast media credit IT-665 Empire State independent film production credit Addback Semiconductor research and development credit Addback Semiconductor manufacturing workforce training program credit Addback