Line 15

If line 14 is more than line 13, you have a net gain. You must report any gain as income (to the extent not already included as income on your federal Schedule D, Gains and Losses ), on your New York State income tax return. See Form IT-225 , New York State Modifications , and its instructions .

If line 14 is less than line 13, and you have: no disaster losses from Hurricane or Tropical Storm Harvey, Hurricane Irma, or Hurricane Maria that are subject to the $500 reduction on line 11 on any casualty and theft worksheet, enter 0 here and go to line 16. disaster losses from Hurricane or Tropical Storm Harvey, Hurricane Irma, or Hurricane Maria that are subject to the $500 reduction, subtract line 14 from line 12 of the casualty and theft worksheets reporting those disaster losses. The difference is your net disaster loss. Enter this amount on line 15 and on Form IT-196, line 37.

If all of your personal casualty and theft losses are disaster losses subject to the $500 reduction, stop here . Do not complete the rest of the worksheet.

Line 17: Estates and trusts compute federal AGI the same way as individuals, except that the costs of administration are allowed in computing federal AGI.