Get Ny It-217 2020

This guide provides a detailed overview of the NY IT-217 form, which is used to claim the Farmers’ School Tax Credit in New York. Follow the steps outlined here to successfully complete the form online, ensuring you provide all required information accurately.

Follow the steps to fill out the NY IT-217 online effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin filling out your identifying information. Enter your identifying number as shown on your tax return and your name as it appears on the return.
3. Review Part 1 for eligibility. Mark an 'X' in the corresponding 'Yes' or 'No' boxes for items A, B, C, and D. If you answer 'No' to any of these items, you will not qualify for the credit.
4. In Part 2, begin the computation of the credit. Enter the total acres of qualified agricultural property owned by you during the tax year in line 1.
5. Continue with lines 2 and 3 to record shares of property and taxes if applicable. Summarize these totals in line 4.
6. Complete the calculations as instructed, moving through lines 5 to 19. Ensure to follow the directions closely to avoid mistakes in mathematics.
7. If applicable, move to Part 3 to provide information about any partnerships or S corporations regarding your qualified agricultural property.
8. Complete Part 4 and Part 5 for partner, shareholder, or beneficiary shares related to qualified agricultural property and eligible taxes.
9. Finally, review the entire form for accuracy. Once all sections are filled out correctly, you can save changes, download, print, or share the form as needed.

Complete your NY IT-217 form online today to ensure you receive the Farmers’ School Tax Credit.