Get Ny Form It-248 2022-2025

Filling out the NY Form IT-248 for the Empire State film production credit can seem overwhelming. This guide will provide clear, step-by-step instructions to help you navigate the process smoothly and accurately.

Follow the steps to successfully complete your form

1. Click ‘Get Form’ button to access the form online and open it in your preferred editor.
2. Begin by entering your name(s) as shown on your tax return and your taxpayer identification number.
3. Fill in the Empire State film production credit allocation year in section A and B, if applicable, using the details from your certificate of tax credit.
4. In Part 1, compute the credit by entering the Empire State film production credit from your certificate into line 1. Proceed to fill out the subsequent lines as instructed, adding the amounts in lines 2, 3, and 4 on line 5.
5. If applicable, complete Part 2 by entering the type of entity (partnership, S corporation, or estate/trust), the entity's name, employer identification number, and share of current year’s credit.
6. In Part 3, provide the necessary information for each beneficiary, including their name, identifying number, and share of the current year's credit.
7. Complete Part 4 by indicating the amount of credit to be claimed in succeeding tax years, as applicable for 2023 and 2024.
8. Once all sections are fully completed, you can save your changes, download the form, print it out, or share it electronically as needed.

Complete your NY Form IT-248 online to ensure you receive your eligible film production credit.