self employed defined benefit plan contribution deductible in NYS?

[tax1111]

A smllc made defined benefit plan contribution.
The SMLLC conducts business in NYC and was formed in NJ.
Can the owner of the SMLLC deduct the defined benefit plan contribution on his IT-203 return (line 18, NYS amount column)?
Thanks.

[jklcpa]

Did you see this in the IT-203 instructions? This appears directly below the instructions for line 18 in a section with the caption "Other Adjustments to Income"

Quote

Other adjustments to income

Allocate to New York State any other adjustment to income that relates to wage or salary income earned partly in New York State, or to income from a business carried on both in and out of New York State, on the same basis as the income to which it relates. Some of these adjustments include IRA deduction, one-half of self-employment tax, and self-employed SEP, SIMPLE, and qualified plans.

Example: You are allowed an adjustment of $800 on your federal return for payments by a self-employed person to a retirement plan, and these payments were made in connection with a business you operated both in and out of New York State.

If, in determining your business income from New York State sources, you compute your business allocation percentage on Form IT-203-A to be 75% (see the instructions for line 6), then 75% of this adjustment, or $600, should be included in the New York State amount column on line 18.