Get Ny Dtf It-612 2021-2025

The NY DTF IT-612 is a crucial form for individuals claiming the remediated brownfield credit for real property taxes. This guide will walk you through the steps necessary to complete it accurately and efficiently, helping you navigate each section with confidence.

Follow the steps to complete your NY DTF IT-612 online.

1. Press the ‘Get Form’ button to access the IT-612 form and open it in your preferred document editor.
2. Begin by filling in your name as it appears on your tax return. Ensure accuracy for a smooth filing process.
3. Mark an X in the box for calendar-year filers or indicate the tax period, specifying the beginning and ending dates.
4. Input your identifying number as shown on your tax return to maintain consistency across your documentation.
5. In Schedule A, enter the date for the execution of the Brownfield Cleanup Agreement, ensuring to use the correct mmddyyyy format.
6. Provide information as listed on the Certificate of Completion (COC) issued by the Department of Environmental Conservation, which includes the site name, location, municipality, county, and the COC issue date.
7. If relevant, enter the transfer date for the COC if the qualified site was sold or transferred, including required documentation.
8. Answer whether the qualified site is entirely within an environmental zone (EN-Zone) by marking the appropriate Y/N box.
9. For Schedule B, record the average number of full-time employees for the relevant tax year across the specified quarters. Make sure to note the threshold of 25 employees for eligibility.
10. Fill out Schedule C by entering the employment number factor, eligible real property taxes, the applicable fraction for the site, and calculating the remediated brownfield credit.
11. Complete all necessary information in Schedule D for partnerships, S corporations, or trusts if applicable, ensuring employer ID numbers are correct.
12. Summarize your shares of the credit from different entities in Schedule E, adding the totals as needed to reflect your share accurately.
13. Finalize it by calculating the total credits in Schedule G and recording any recaptures or adjustments in Schedule H.
14. Once all sections are completed, save your changes, and choose to download, print, or share the completed form as required.

Take the next step and complete your NY DTF IT-612 form online today.