Get Ny It-613 2022-2026

This guide provides clear and detailed instructions for users on how to complete the NY IT-613 form online. By following these steps, you will be able to navigate the form effectively and ensure accurate submission.

Follow the steps to fill out your NY IT-613 form with ease.

1. Press the ‘Get Form’ button to access the NY IT-613 and open it in your preferred editor.
2. Indicate your filing type by marking an X in the box for calendar-year filers. If you are not a calendar-year filer, enter your tax period's beginning and ending dates.
3. Provide your identifying number as shown on your tax return and include the name(s) as displayed on the return.
4. In Schedule A, enter the execution date of the Brownfield Cleanup Agreement using the mmddyyyy format. Fill in the required site information as per the Certificate of Completion issued by the Department of Environmental Conservation, including site name, site location, DEC region, municipality, county, and the Division of Environmental Remediation site number. Remember to upload a copy of the CoC and the certification form from your insurer.
5. Mark an X in the box if you have received notification that the qualified site is in a Brownfield Opportunity Area.
6. In Schedule B, enter the total qualified environmental remediation insurance premiums paid. Calculate 50% of this amount and record it on the next line. Finally, enter the lesser of this calculated amount or $30,000.
7. For individuals and partnerships, take the amount from line 3 and enter it on line 8. For fiduciaries, include this amount in the Total line of Schedule E, column C.
8. Proceed to Schedule C to detail your partnership, S corporation, estate, or trust information. Provide the name, type, and employer ID number for each entity you have a share in.
9. In Schedule D, report your share of the credit from the partnership and/or S corporation, followed by your share from an estate or trust. Sum these amounts to get the total credit.
10. In Schedule E, provide the beneficiary’s name and identifying number, along with the share of the environmental remediation insurance credit.
11. Complete Schedule F by entering the appropriate amounts from previous lines, ensuring you calculate the total environmental remediation insurance credit.
12. In Schedule G, report any recaptured environmental remediation insurance credit and follow through with the required instructions for fiduciaries and individuals.
13. After filling in all sections, ensure to save your changes, download a copy, and print the form if necessary. You can also share the completed form as needed.

Complete your NY IT-613 form online today to ensure timely and accurate filing.