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Get Form It 217
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How to fill out the Form IT-217 online
Filling out Form IT-217 is essential for individuals and entities claiming the farmers' school tax credit in New York State. This guide will provide clear, step-by-step instructions to ensure you successfully complete the form online.
Follow the steps to effectively complete Form IT-217.
- Press the ‘Get Form’ button to obtain the form and access it in the editor.
- Begin by filling out Part 1 to determine your eligibility for the farmers' school tax credit. Indicate whether you owned qualified agricultural property or were associated with an entity that owned such property.
- Complete Part 2 to compute the credit based on the number of acres of qualified agricultural property you own or have interest in. Include the necessary documentation for any related individuals.
- If applicable, fill in Part 3, providing information about any partnerships or S corporations you are affiliated with regarding their qualified agricultural property.
- Proceed to Part 4 to detail your share of qualified agricultural property and the eligible taxes related to it, ensuring you gather information from respective entities if necessary.
- If you are a fiduciary, complete Part 5 based on the trust or estate’s qualified agricultural property and its eligible taxes.
- Finally, review and ensure all sections are complete. You can then save changes, download a copy, or share the form as needed.
Ensure your eligibility for credits by completing the Form IT-217 online today.
Agricultural Unit To qualify for agricultural assessment: Land generally must be a minimum of 7 acres and farmed by a single operation. Land must be used for crop production, commercial boarding of horses or livestock production. Farm operation must gross an average of $10,000 or more in sales per year.
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