Follow the steps to complete the NY IT-252 online.

1. Click ‘Get Form’ button to access the NY IT-252 form and open it in your chosen online editor.
2. Enter your name(s) as they appear on your tax return in the designated field.
3. Select your type of business from the available options in the form.
4. Provide the date you started your business in New York State in the corresponding section.
5. Input your identifying number exactly as shown on your return.
6. If applicable, list the location of the qualified property. If there is more than one, submit a supplementary schedule.
7. Fill in your NAICS code as specified in the instructions, ensuring accuracy.
8. Proceed to Part 1 and complete the calculations for the credit. Fill out lines 1 through 10, entering amounts as required.
9. In Part 2, summarize any addback of credit on early dispositions, entering the relevant figures in lines 5 through 9.
10. Complete Part 3 by detailing the early dispositions of qualified property, ensuring to list each asset. Fill out the columns for description, dates, and investment tax credit calculations.
11. In Part 4, report the beneficiary’s name and identifying number while entering the share of addback of credit.
12. Finally, in Part 5, apply the credit and calculate the carryover by completing lines 15 through 22.
13. Review all inputted information for accuracy before proceeding to save the changes, download, print, or share the completed form.

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