Get Ny Dtf It-603 2022-2025

This guide provides comprehensive instructions on how to complete the NY DTF IT-603 form online. The NY DTF IT-603 is essential for claiming the EZ Investment Tax Credit and the EZ Employment Incentive Credit, ensuring you navigate the process smoothly.

Follow the steps to properly complete your NY DTF IT-603 online.

1. Use the ‘Get Form’ button to access the NY DTF IT-603 form and open it in your preferred editor.
2. Identify your filing type. If you are a calendar-year filer, mark an X in the appropriate box. If not, enter your tax period's start and end dates.
3. Input your name(s) as they appear on your tax return and provide your taxpayer identification number.
4. Specify the name of the Empire Zone by filling in the relevant field.
5. Proceed to Schedule A. Enter the available carryover of unused EZ-ITC or EZ-EIC from previous periods, with one important notation for partnerships to enter 0.
6. Total the recapture of credits taken in previous periods. Fiduciaries should enter the amount from line 11; others should use line 9.
7. Calculate the net EZ-ITC and EZ-EIC available for use. Subtract the total recapture from the carryover. If the total recapture is greater than the carryover, leave this line blank.
8. Determine the net EZ-ITC and EZ-EIC recapture amount by subtracting the carryover from the total recapture.
9. Move to Schedule B, where you will input details of the property, including date acquired, life of property, and percentages as needed.
10. Complete the calculations for recaptured EZ-ITC and EZ-EIC based on the provided data.
11. Finalize your entries in Schedule C, which include computations of EZ-ITC and EZ-EIC used and carried over, ensuring all calculations are accurate.
12. Once all entries are made, review the form for completeness and accuracy.
13. Save your changes, and consider downloading, printing, or sharing your completed NY DTF IT-603 form.

Complete your NY DTF IT-603 form online today for a smooth tax filing experience.