Get Form It-611 Claim For Brownfield Redevelopment Tax Credit Tax Year 2023

Filling out the Form IT-611 for the Brownfield Redevelopment Tax Credit can be a straightforward process with the right guidance. This guide will walk you through each section of the form, helping you to understand what information is required to successfully complete your claim.

Follow the steps to successfully complete your claim form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Indicate your filing status by marking the appropriate box for calendar-year filers or entering the tax period for other filers.
3. Provide your identifying number and name(s) as shown on the return.
4. In Section A, answer the question about whether the site was accepted into the Brownfield Cleanup Program before June 23, 2008, and if applicable, check 'Yes' or 'No'.
5. Complete Schedule A by providing identifying information for the brownfield site, including the date of execution of the Brownfield Cleanup Agreement and details from the Certificate of Completion (COC) issued by the Department of Environmental Conservation (DEC).
6. For Schedule B, document the credit components: list site preparation costs, tangible property credits, and on-site groundwater remediation costs along with corresponding expenses incurred.
7. Fill in Schedule C if applicable, providing details about any partnerships, S corporations, or trusts from which you are claiming credit components.
8. If necessary, complete Schedule D detailing beneficiary and fiduciary share of credit components.
9. Compute the total credit in Schedule E by adding up the amounts from previous schedules, ensuring you follow the instructions for each line item.
10. Utilize Schedule F for any recapture of credit and appropriately record any tangible property that has ceased to qualify.
11. Finally, review all completed sections to ensure accuracy, then save changes, download, print, or share the form as needed.

Start completing your Form IT-611 online today for a smooth and successful claim process.