Line 46: Itemized deduction adjustment

Enter the amount of your itemized deduction adjustment. If your New York Adjusted Gross Income (NYAGI) (Form IT-201, line 33 or Form IT-203, line 32) is:

$100,000 or less, leave line 46 blank and go to line 47;

more than $100,000 but not more than $475,000, fill in Worksheet 3 below;

more than $475,000 but not more than $525,000, fill in Worksheet 4 below;

more than $525,000 but not more than $1,000,000, enter 50% (.50) of line 45 on line 46;

more than $1,000,000, but not more than $10,000,000, fill in Worksheet 5 below; or

more than $10,000,000, fill in Worksheet 6 below.

Line 47 : Subtract line 46 from line 45. If you made no entry on line 46, enter the amount from line 45 on line 47.