Get Ny It-257 2018

The NY IT-257 form enables eligible individuals and entities to claim credits related to certain repaid income for New York State taxes. This guide provides step-by-step instructions on how to accurately complete the form online, ensuring that users can navigate the process with confidence.

Follow the steps to successfully complete the NY IT-257 form online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Enter your name as shown on your tax return in the designated field.
3. Input your identifying number exactly as it appears on the return.
4. Complete lines 1, 2, and 3 with the relevant details. Line 1 requires the tax year for which the income was reported under a claim of right. Line 2 needs the amount of income repaid, and Line 3 must identify the type of income involved and the reason for repayment.
5. In Section 1, enter the previously computed New York State tax on line 4 and the recomputed amount on line 5 to calculate the New York State claim of right credit on line 6.
6. Similarly, for Section 2, fill in the previously computed New York City resident tax on line 7 and the recomputed amount on line 8, calculating the claim of right credit on line 9.
7. For Section 3, complete the lines for previously computed New York City nonresident earnings tax on lines 10 and 11 to derive the credit on line 12.
8. In Section 4, follow the same pattern for the Yonkers resident income tax surcharge on lines 13-15.
9. In Section 5, provide figures for the Yonkers nonresident earnings tax on lines 16-18.
10. Finally, in Section 6, complete the MCTMT lines 19-21 with the appropriate tax figures.
11. Once all sections are filled out accurately, review your entries to ensure correctness.
12. Save your changes, and choose to download, print, or share the completed form for submission with IT-201, IT-203, or IT-205.

Begin completing your NY IT-257 form online today!