Home > Calculator > New York > 212

Tax Form calculator

You are currently viewing New York Tax Form 212 Fill in and Calculate New York State tax Online. Use the Tax Form Calculator to calculate your Federal and State Tax Return. Updated with 2018/2019 tax tables.

Sponsored Links

New York Tax Form 212: Investment Credit

Use the New York Tax Form Calculator New York Tax Form 212: Investment Credit as a stand alone tax form calculator to quickly calculate specific amounts for your 2017 New York state tax return. New York Tax Form 212: Investment Credit is also integrated into our comprehensive New York State Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and New York State Tax Estimator to quickly calculate your salary, tax and take home pay in New York.

Tax Law – Article 22, Section 606(a)
Part 1 – Computation of credit (see Form IT-212-I, Instructions for Form IT-212)
Individual
or
fiduciary
11
22
Beneficiary33
44
PartnerPartnership name:
Employer identification number
55
66
S corporation
shareholder
S corporation name:
Employer identification number
77
88
99
1010
1111
1212
1313
1414
15a15a
15b15b
Part 2 – Summary of addback of credit on early dispositions (see instructions)
1616
1717
1818
1919
2020
2121
Part 3 – Investments in qualified property (see instructions)
A – Description of property (list each asset and submit a schedule if needed)B – Principal use of propertyC – Date acquiredD - Useful life in yearsE – Investment credit baseF – Investment credit for manufacturing and production, retail enterprise, waste treatment, and pollution control property (column E × 4% (0.4))G – Investment credit for research and development property (column E × 7% (0.7))
22
23Enter amount from Form IT-212-ATT, line 11 23
24Enter amount from Form IT-212-ATT, line 19, column C24
25Total investment credit (add amounts in columns F and G)
Individuals: Enter the line 25, column F amount on line 1. Enter the line 25, column G amount on line 2.
Fiduciaries: Enter the line 25, column F amount on line 1 and on the Total line of Part 5, column C.
Enter the line 25, column G amount on line 2 and on the Total line of Part 5, column D.
Partnerships: See instructions.
25
Part 4 – Early dispositions of qualified property and addback of credit on early dispositions (see instructions)
A – Description of property (list each asset and submit a schedule if needed)B – Date acquiredC – Date property ceased to qualifyD – Life (months)E – Unused life (months)F – Percentage (E ÷ D)G – Total investment credit allowed (see instructions)H – Addback of credit on early dispositions (F × G)
26
2727
2828
2929
3030
31
Fiduciaries: Enter the line 31 amount on line 20.
All others: Enter the line 31 amount on line 16.
31
Part 5 – Beneficiary’s and fiduciary’s share of investment credit and addback of credit on early dispositions
A – Beneficiary’s name (same as in Form IT-205, Schedule C)B – Identifying numberC – Share of investment credit for manufacturing and production, retail enterprise, waste treatment, and pollution control propertyD – Share of investment credit for research and development propertyE – Share of addback of credit on early dispositions
Total
Fiduciary
Part 6 – Application of credit and computation of refund and carryover (see instructions)
32a32a
32b32b
3333
3434
3535
3636
3737
3838
39
Unused expired tax credits (see instructions) Enter the earliest year (yyyy) of unused credit carryover included in the carryforward
39
4040

Tip: use the New York Tax Calculator to edit your refundable and non-refundable tax credits including New York Tax Form 212: Investment Credit. Complete, Calculate, print and or save your tax calculation for later use.

Follow us on Facebook to be informed of the latest updates to the US Tax Form Calculator and our popular Tax and Finance Calculators.

New York State tax calculators: Online Investment Credit, complete, calculate, print or save for later use. New York Tax Form Calculator