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Nonresident Real Property Estimated Income Tax Payment Form IT-2663 - New York
| Nonresident Real Property Estimated Income Tax Payment Form Form. This is a New York form and can be used in Dept Of Taxation And Finance Statewide . |
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New York State Department of Taxation and Finance Nonresident Real Property Estimated Income Tax Payment Form IT-2663 For office use only For use on sale or transfer of real property by a nonresident of New York State Tax Law Article 22, Section 663 Submit your completed Form IT-2663 with full payment of estimated tax due, if any, to the recording officer at the time the deed is presented to be recorded. Do not mail Form IT-2663 to the Tax Department. Do not use Form IT-2663 for the sale, transfer, or other disposition of shares of stock by a nonresident in a cooperative housing corporation. Use Form IT-2664, Nonresident Cooperative Unit Estimated Income Tax Payment Form, instead. This form is valid for sales or transfers (date of conveyance) after December 31, 2012, but before January 1, 2014. A The transferor/seller is: an individual an estate or trust B Is the transferor/seller reporting the gain for federal income tax purposes under the installment method? Yes No If Yes, what is the duration of the installment agreement? months years C Mark an X in the box if only a portion of the real property being sold or transferred qualifies as the principal residence of the transferor(s)/seller(s) listed below. Part 1 Sale or transfer information (see Form IT-2663-I, Instructions for Form IT-2663, for assistance) Transferor/seller name Spouse's name or name of fiduciary (if applicable) Address of transferor/seller (number and street; see instructions) Mailing address of transferor/seller or fiduciary (if different) City City Transferor/seller identification number (SSN or EIN) Spouse's SSN State State ZIP code ZIP code Date of conveyance Location and description of property transferred (include county and tax map number) Tax map designation Section Block Lot 2013 Part 2 Estimated tax information (Complete Worksheet for Part 2 on page 2 before completing this part.) 1 Sale price (from Worksheet for Part 2, line 15) ................................................................................................. 2 Total gain (from Worksheet for Part 2, line 17; if a loss, enter 0) ......................................................................... 3 Estimated tax due (from Worksheet for Part 2, line 20) .................................................................................. 1. 2. 3. 00 Part 3 Nonpayment of estimated tax by a nonresident upon sale of real property (see instructions) 4 This is to certify that the transferor/seller of this property is a nonresident of New York State and is not required to pay estimated tax under Tax Law section 663 due to one of the following reasons: A The sale or transfer of this property results in a loss (less than or equal to zero) for federal income tax purposes (you must complete Worksheet for Part 2 on page 2 of this form). B The transferor/seller is not required to recognize any gain or loss with respect to the transfer under provisions of the Internal Revenue Code (IRC) (except for section 121) (you must complete the summary below). Brief summary of the transfer (include the section(s) of the IRC and facts supporting the claim that the recognition of the gain or loss is not required with respect to the sale or transfer): Part 4 Signature I, the undersigned, certify that this form including any certification and attachment(s), is to the best of my knowledge and belief, true, correct, and complete. Signature of transferor/seller Date Signature of spouse (if applicable) Date American LegalNet, Inc. www.FormsWorkFlow.com Page 2 of 3 IT-2663 (2013) Worksheet for Part 2 Use this worksheet to compute your gain or loss on the sale or transfer of the real property. The gain or loss is computed in the same manner as for federal income tax purposes. For more information, see federal Publication 523, Selling Your Home; Publication 544, Sales and Other Dispositions of Assets; and Publication 551, Basis of Assets. These publications are available on the Internal Revenue Service's Web site at www.irs.gov. Computation of cost or other basis 5 6 7 8 9 10 11 12 13 14 Purchase price of property ................................................................................................................ 5. Increases to basis: Improvements .............................................................................. 6. Closing costs ............................................................................... 7. Other (explain) 8. Add lines 6, 7, and 8 ......................................................................................................................... 9. Add lines 5 and 9 .............................................................................................................................. 10. Decreases to basis: Depreciation (if applicable) ............................................................. 11. 12. Other (explain) Add lines 11 and 12 .......................................................................................................................... 13. Adjusted basis of property (subtract line 13 from line 10) ...................................................................... 14. Gain or loss 15 Sale price less selling expenses (enter here and on the front page, Part 2, line 1) ........................................... 15. 16 Cost or adjusted basis (from line 14 above) .................................................................................................. 16. 17 Total gain or loss: Subtract line 16 from line 15. If the amount is a gain (greater than zero), enter here, on the front page, Part 2, line 2, and continue with line 18. If the amount is a loss (less than or equal to zero), enter 0 here, on line 20 below, and on the front page, line 2. Complete Part 2, Part 3, and Form IT-2663-V on page 3. ... 17. Estimated tax due 18 Enter the gain from line 17 (if only a portion of the gain from line 17 is subject to tax, see instructions below) ...... 18. 19 New York State tax rate 8.82% (.0882) ...................................................................................................... 19. 20 Estimated tax due (Multiply line 18 by line 19, and round to the nearest whole dollar; enter here and on the front page, Part 2, line 3. Complete Form IT-2663-V, Nonresident Real Property Estimated Income Tax Payment Voucher, on page 3.) 20. .0882 00 Specific instructions for Worksheet for Part 2 Note: See Form IT-2663-I, Instructions for Form IT-2663, for complete instructi
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