Follow the steps to successfully complete the form.

1. Press the ‘Get Form’ button to access the form and open it in your selected editor.
2. Enter your name(s) as shown on your tax return in the designated field.
3. Specify the type of business you operate and the date you started your business in New York State.
4. Fill in your identifying number as shown on your return and the location of the qualified property. If there is more than one property, be sure to submit a schedule.
5. Input the NAICS code as specified in the form’s instructions.
6. Complete Part 1 by inputting the computation of the credit. Fill out the fields from lines 1 to 10 according to the provided instructions.
7. Proceed to Part 2, where you summarize the addback of credit on early dispositions by filling out lines 5 to 9.
8. In Part 3, list each asset by providing the description of the property, dates of acquisition, and other required details. Total the investment tax credit allowed and any addback of credit on early dispositions.
9. Move on to Part 4 by entering the beneficiary’s name, identifying number, and the share of addback of credit on early dispositions.
10. In Part 5, calculate the application of credit and computation of carryover by filling out lines 15 to 22 according to the instructions.
11. After completing all sections, make sure to save your changes, then download, print, or share the form as needed.

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