Get Ny It-241 2020-2025

The NY IT-241 form is used to claim a credit for clean heating fuel. This guide will provide you with clear and supportive instructions on how to complete the form accurately and efficiently online.

Follow the steps to fill out the NY IT-241 online.

1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
2. Enter the tax period for fiscal-year filers in the fields provided, specifying both the beginning and ending dates.
3. In the 'Name(s) as shown on return' field, input the names associated with your tax return.
4. Fill in the 'Identifying number as shown on return' with your tax identification number.
5. Proceed to Part 1, where you will need to provide the purchase date of the bioheating fuel.
6. Enter the total gallons of bioheating fuel that are eligible for the credit in column B.
7. Input the percentage of biodiesel per gallon of bioheating fuel in column C.
8. Calculate the product of column B and column C and enter the total in column D as a decimal.
9. If you have additional sheets, total the amounts in column D and enter this total on line 1.
10. Add all the amounts in column D, including any amount on line 1, and enter this total on line 2.
11. If you are a fiduciary, include the amount from line 2 in the total line of Part 4, column C; others enter it on line 7.
12. In Part 2, provide information regarding partnerships, New York S corporations, or estates and trusts if applicable.
13. For each relevant entity, enter the name, type, and employer identification number.
14. In Part 3, enter your share of the credit received from partnerships and S corporations in their respective lines.
15. Total the amounts from lines 3, 4, and 5, and enter this on line 6.
16. If you are a fiduciary, include the amount from line 6 in the total line of Part 4, column C; others enter it on line 8.
17. In Part 4, provide beneficiaries' names and identifying numbers and total any credits in column C.
18. In Part 5, enter amounts from previous parts as instructed, including totals on line 10.
19. Once you have filled in all required fields, save your changes, then download, print, or share the completed form as needed.

Start completing your NY IT-241 online today!