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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 2018 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.
|Part 1 – Computation of credit (see Form IT-212-I, Instructions for Form IT-212)|
|Employer identification number|
|S corporation name:|
|Employer identification number|
|Part 2 – Summary of addback of credit on early dispositions (see instructions)|
|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 property||C – Date acquired||D - Useful life in years||E – Investment credit base||F – 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))|
|23||Enter amount from Form IT-212-ATT, line 11||23|
|24||Enter amount from Form IT-212-ATT, line 19, column C||24|
|25||Total 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.
|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 acquired||C – Date property ceased to qualify||D – 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)|
Fiduciaries: Enter the line 31 amount on line 20.
All others: Enter the line 31 amount on line 16.
|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 number||C – Share of investment credit for manufacturing and production, retail enterprise, waste treatment, and pollution control property||D – Share of investment credit for research and development property||E – Share of addback of credit on early dispositions|
|Part 6 – Application of credit and computation of refund and carryover (see instructions)|
Unused expired tax credits (see instructions) Enter the earliest year (yyyy) of unused credit carryover included in the carryforward
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.