Screen NYSale - New York Sale of Business Property (1041)

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Sale Information

The application ignores transactions that do not have a
NY
postal code, or if you enter installment sale information.

Gain from Disposition of Property

The application uses transactions generating a gain, with a
NY
postal code and a treatment code of
3
, to calculate Schedule 8 - Disposition of Property Worksheet.

Installment Sales

The application ignores dispositions you enter in this section for Form IT-205-A, Schedule 8 purposes. The application automatically determines the installment income from New York sources based on information entered for the federal return.
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