Get Part 5 Computation Of Conservation Easement Tax Credit - Tax Ny

This guide provides clear instructions on how to accurately complete the Part 5 Computation of Conservation Easement Tax Credit for New York State. By following these steps, users will ensure that their application is completed correctly and submitted with the appropriate forms.

Follow the steps to successfully fill out the form.

1. Click the ‘Get Form’ button to access the Conservation Easement Tax Credit form and open it in your preferred online document editor.
2. In Part 5, begin with line 6, where you need to enter the amount from line 2 of the previous sections. This reflects your total allowable real property taxes.
3. Proceed to line 7. Here, enter the amount from line 5, which corresponds to your share of the credit from your partnership or fiduciary.
4. Next, in line 8, input the amount from the fiduciary line, column C in Part 4, if applicable. This shows the total credit from the fiduciary aspects.
5. In line 9, calculate the total credit before limitation by adding the amounts from lines 6, 7, and 8.
6. For line 10, enter the lesser amount between line 9 or $5,000. This is the final amount of your conservation easement tax credit.
7. After completing all relevant fields, review your entries to ensure accuracy. Users can then save changes, download, or print the completed form for submission.

Start filling out your Conservation Easement Tax Credit form online today!