Get Ny It-611.1 2024-2026

The NY IT-611.1 form is essential for individuals and entities seeking to claim the brownfield redevelopment tax credit for qualified sites accepted into the Brownfield Cleanup Program. This guide will provide clear, step-by-step instructions on how to successfully complete this form online.

Follow the steps to accurately complete the NY IT-611.1 form.

1. Press the ‘Get Form’ button to access the NY IT-611.1 form and open it in the online editor.
2. Indicate if you are a calendar-year filer by marking an X in the corresponding box or enter the tax period start and end dates if you are not.
3. Provide your identifying number as it appears on your tax return, along with your name(s) exactly as shown.
4. Complete Schedule A by entering the date of the Brownfield Cleanup Agreement, site name, location, municipality, county, DEC region, and the date the Certificate of Completion (COC) was issued. Submit a copy of the COC with this form.
5. Fill out Schedule B to declare site preparation costs and on-site groundwater remediation credit components, making sure to detail descriptions, dates, and applicable percentages.
6. Complete the tangible property credit component, detailing qualified property's information, principal use, date placed in service, life, and cost or other basis.
7. Proceed to Schedules C, D, E, and F, noting any information related to partnerships, S corporations, estates, or trusts that may affect your credit claim.
8. Once all sections are completed, review your entries for accuracy and completeness.
9. When satisfied with your completed form, save your changes, and you may then download, print, or share the form as needed.

Complete your NY IT-611.1 form online today to ensure your eligibility for the brownfield redevelopment tax credit.