Get the free Form IT-242-I - Department of Taxation and Finance - New York State - tax ny
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New York State Department of Taxation and Finance Instructions for Form IT-242 IT-242-I Claim for Conservation Easement Tax Credit General information What is the conservation easement tax credit The conservation easement tax credit is available to taxpayers who own land that is subject to a conservation easement held by a public or private conservation agency see Definitions below. This includes rights of way water and riparian rights easements ...
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What is form it-242-i - department?
Form IT-242-I is used by the New York State Department of Taxation and Finance to report information on real estate transfer tax.
Who is required to file form it-242-i - department?
Anyone involved in the transfer of real property located in New York State is required to file Form IT-242-I.
How to fill out form it-242-i - department?
Form IT-242-I can be filled out online or by mail. It requires information on the property being transferred, the parties involved, and the consideration amount.
What is the purpose of form it-242-i - department?
The purpose of Form IT-242-I is to calculate and report the real estate transfer tax owed to the state of New York.
What information must be reported on form it-242-i - department?
Information such as the property address, the names and addresses of the parties involved, the consideration amount, and any exemptions claimed must be reported on Form IT-242-I.
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