New York Tax Form 112c Fill in and Calculate New York State tax Online

New York Tax Form 112c: New York State Resident Credit for Taxes Paid to a Province of Canada

Use the New York Tax Form Calculator New York Tax Form 112c: New York State Resident Credit for Taxes Paid to a Province of Canada as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 New York state tax return.

New York State Resident Credit for Taxes Paid to a Province of Canada
Submit this form and a copy of federal Form 1116 with Form IT-201, IT-203, or IT-205. Failure to do so will delay any refund to which you may be entitled or, if you owe taxes, could result in late-filing penalties. If you are not required to file federal Form 1116, see instructions.
Part 1 – Income and adjustments (see instructions) Report all amounts in U.S. dollars.		A Amount reported on New York State return	B Amount sourced to and taxed by the Canadian province
		Whole dollars only	Whole dollars only
1	Wages, salaries, tips, etc.	1	1
2	Taxable interest income	2	2
3	Ordinary dividends	3	3
4	Taxable refunds, credits, or offsets of state and local income taxes	4	4
5	Alimony received	5	5
6	Business income or loss	6	6
7	Capital gain or loss	7	7
8	Other gains or losses	8	8
9	Taxable amount of IRA distributions	9	9
10	Taxable amount of pensions and annuities	10	10
11	Rental real estate, royalties, partnerships, S corporations, trusts, etc.	11	11
12	Farm income or loss	12	12
13	Unemployment compensation	13	13
14	Taxable amount of social security benefits	14	14
15	Other income	15	15
16	Add lines 1 through 15	16	16
17	Total federal adjustments to income	17	17
18	Federal adjusted gross income (subtract line 17 from line 16)	18	18
19	New York adjustments (see instructions)	19	19
20	New York adjusted gross income (line 18 and add or subtract line 19; see instructions)	20	20
21	Capital gain portion of lump-sum distributions (see instr.)	21	21
22	Add lines 20 and 21	22	22
Part 2 – Computing your resident credit or addback for taxes paid to a province of Canada
If any portion of the Canadian provincial income tax that entitled you to a New York State credit is claimed as a foreign tax credit on your federal return in a succeeding tax year, the amount claimed must be added back to your New York State tax liability for that succeeding tax year.
23	Enter the two-letter abbreviation of the Canadian province where tax was paid (see instr.)		23
24	Enter the amount from federal Form 1116, line 9, pertaining to this year’s income taxes imposed by the above Canadian province (see instructions)		24
25	Enter the amount from federal Form 1116, line 12, pertaining to the reduction in foreign taxes paid to the above Canadian province	25
26	Enter the amount from line 24 that was carried back and claimed as a credit for federal purposes	26
27	Add lines 25 and 26		27
28	Subtract line 27 from line 24		28
29	Enter the amount from federal Form 1116, line 10, pertaining to carryover of taxes paid for prior years to the above Canadian province (submit a copy of federal Form(s) 1116)		29
30	Add lines 28 and 29		30
31	Enter the amount from federal Form 1116, line 22, pertaining to this year’s foreign tax credit for taxes paid to the above Canadian province		31
32	Subtract line 31 from line 30		32
33	New York State tax payable (see instructions)		33
34	Divide line 22, column B, by line 22, column A (round to the fourth decimal place; see instructions)		34
35	Multiply line 33 by line 34		35
36	Tentative credit (enter the lesser of line 28, 32, or 35)		36
37	Enter the amount from line 29	37
38	Enter the amount from line 31	38
39	Subtract line 38 from line 37 (if line 38 is more than line 37, leave blank)		39
40	Add lines 36 and 39		40
41	Enter the prior-year(s) resident credit claimed on Form(s) IT-112-R or IT-112-C for taxes paid to Canadian province(s) (see instructions)		41
42	If line 41 is more than line 40, subtract line 40 from line 41. This is your addback of resident credit (see instructions; do not make any entries on lines 43 through 50)		42
43	If line 41 is less than (or equal to) line 40, subtract line 41 from line 40		43
44	Enter the amount from line 36 or line 43, whichever is less (see instructions)		44
45	Total line 44 amounts from additional Form(s) IT-112-C and line 28 amounts from Form(s) IT-112-R, if any (see instructions)		45
46	Add lines 44 and 45		46
Part 3 – Application of credit
47	Tax due before credits (see instructions)		47
48	Other credits that you applied before this credit (see instructions)		48
49	Subtract line 48 from line 47		49
50	Enter the amount from line 46 or line 49, whichever is less (see instructions)		50
Part 4 – Information from your Canadian federal and/or provincial returns
You are not required to submit a copy of the return you filed with a province of Canada with Form IT-201, IT-203, or IT-205. Submitting a copy of the provincial return is optional. You are still required to submit a copy of federal Form 1116 (if filed). However, you may be required to furnish a copy of your Canadian provincial return at a later date. Whether or not you submit a copy of the provincial return with Form IT-201, IT-203, or IT-205, you must complete this section.
51	Enter the amount of your provincial tax		51
Note: For lines 52 through 55, provinces other than Quebec should use the Canada column.		Canada	Quebec
52	Enter your total tax payable (see instructions)	52	52
53	Enter the amount of your prepayments (see instructions)	53	53
54	Enter the amount of overpayment, if any, shown on the return you filed with Canada or Quebec	54	54
55	Enter the balance due, if any, shown on the return you filed with Canada or Quebec (see instructions)	55	55

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