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The forms IT-2663 and IT-2664 are required to be used whenever the transferor of a fee interest in real property or the transferor of a cooperative apartment is a non-resident of the State of New York and one of the exemptions from the payment of the tax as set forth on the TP-584, Part III is not utilized. Only non-resident individuals, non-residents estates and non-resident trusts are required to complete the forms when applicable. (See the definition of non-resident estates and trusts in the instructions for the forms.)
These forms may change from year-to-year to conform to the Income Tax laws or regulations for that particular year. Even without a substantive change in the form, the proper form may only be used during the year in which the sale of the real property or the cooperative apartment occurs.
The IT-2663 and IT-2664 have changed, effective for transfers from January 1, 2006, through December 31, 2006, both dates inclusive. They are identifiable by the number 2006 within the outline of New York State in the upper left hand corner of the first page of the form.
A critical change in the form and the calculation of the tax has been made to the forms. If an estimated tax is due, the tax rate to be used (line 19 of the Worksheet) when the transfer occurs during calendar year 2006 is 6.85% (.0685). (The tax rate in 2005 was 7.7%.)
The forms may be obtained from the New York State Department of Taxation and Finance Website by clicking on the following link:
http://www.tax.state.ny.us/forms/form_number_order_income.htm
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Phone: (516) 867-5100 - Fax: (516) 867-5700
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