Get Ny It-236 2020

Filling out the NY IT-236 form is a crucial step in claiming the credit for taxicabs and livery service vehicles accessible to people with disabilities. This guide aims to provide clear, step-by-step instructions to assist users in completing the form accurately online.

Follow the steps to successfully complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name(s) as shown on your return and the identifying number as displayed on your tax return. Ensure this information matches for accuracy.
3. In Part 1, enter details for either individual, partnership, or estate/trust. Fill out Schedule A for the purchase of a new accessible vehicle, entering the vehicle identification number (VIN) and total purchase price. If necessary, use additional lines for multiple vehicles.
4. Complete Schedule B to report upgrades to motor vehicles. Input the VIN of the upgraded vehicle, the date of costs incurred, and the incremental cost. For calculation, enter the lesser of the incremental cost or $10,000.
5. Summarize the amounts from Schedule A and Schedule B. Line 5 in Schedule B should be included in Part 4 for fiduciaries or entered in line 10 for all others.
6. In Part 2, if applicable, provide details of the partnerships or S corporations from which you received a share of the credit. Enter the necessary names and identification numbers.
7. Part 3 requires you to enter your share of credits from the partnerships, S corporations, or estates. Compile the total on line 9.
8. For Part 4, input beneficiary details including names and identifying numbers. Summarize the total share of the credit.
9. In Part 5, compute your overall credits by entering totals from parts 4 and previous sections to finalize your claim.
10. Lastly, in Part 6, apply the total credit against the tax and calculate any carryover amounts for future claims. Review all entries before submission.
11. Once all sections are complete, save any changes, download to keep a personal copy, print for records, or share as needed.

Complete your documents online today for a smooth filing experience.