Fill - Free fillable IT-2663 Nonresident Real Property Estimated Income Tax Payment (Federal Standard Abstract) PDF form

Department of Taxation and Finance

Nonresident Real Property

Estimated Income Tax Payment Form

For use on sale or transfer of real property by a nonresident of New York State

Tax Law – Article 22, Section 663

This form is valid for sales or transfers (date of conveyance) after December 31, 2018, but before January 1, 2020.

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

Mark an X in the box if only a portion of the real property being sold or transferred qualies 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 Transferor/seller identication number (SSN or EIN)

Spouse’s name or name of duciary (if applicable) Spouse’s SSN

Address of transferor/seller (number and street; see instructions) City State ZIP code

Mailing address of transferor/seller or duciary (if different) City State ZIP code

Location and description of property transferred (include county and tax map number) Date of conveyance

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) ................................................................................................. 1.

2 Total gain

(from Worksheet for Part 2, line 17; if a loss, enter 0) ......................................................................... 2.

3 Estimated tax due

(from Worksheet for Part 2, line 20) .................................................................................. 3. 00

Part 3 – Nonpayment of estimated tax by a nonresident upon sale of real property (see instructions)

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):

I, the undersigned, certify that this form including any certication 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

For ofce use only

Tax map designation

Section Block Lot

Part 4 – Signature

Submit your completed Form IT-2663 with full payment of estimated tax due, if any, to the recording ofcer

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.

– – 2019

IT-2663

Page 2 of 3 IT-2663 (2019)

Worksheet for Part 2

5 Purchase price of property ................................................................................................................ 5.

Increases to basis:

6 Improvements .............................................................................. 6.

7 Closing costs ............................................................................... 7.

8 Other

(explain) 8.

9 Add lines 6, 7, and 8 ......................................................................................................................... 9.

10 Add lines 5 and 9 .............................................................................................................................. 10.

Decreases to basis:

11 Depreciation

(if applicable) ............................................................. 11.

12 Other

(explain) 12.

13 Add lines 11 and 12 .......................................................................................................................... 13.

14 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.

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. .0882

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. 00

Specic instructions for Worksheet for Part 2

Note: See Form IT-2663-I, Instructions for Form IT-2663, for

complete instructions.

Lines 5 through 17 – Multiple transferors/sellers: Enter

the total purchase price, adjustments to basis, and sale price

to determine the total gain (or loss) on the real property. See

Line 18 below for allocation of the gain.

Line 18 – Enter the gain (or portion of the gain) from line 17 that

will be reported on your federal income tax return for 2019.

• If only a portion of the property is located inside New

York State, enter the gain allocated to the portion of the

property located inside New York State. Attach a statement to

Form IT-2663 showing how you computed the allocation.

• If only a portion of the property qualies as your principal

residence, enter the gain allocated to the portion of the

property that did not qualify as your principal residence

and will be reported on your federal income tax return for

2019. Attach a statement to Form IT-2663 showing how you

computed the allocation.

• If two or more persons transfer or sell the real

property, allocate the total gain on the property among the

transferors/sellers in the same manner as the gain is allocated

for federal income tax purposes. Attach a statement to

Form IT-2663 showing each transferor’s/seller’s name, SSN or

EIN, address, and share of the gain.

• If the gain is being reported as an installment sale, enter

the amount of gain that you (and your spouse, if applicable)

will be reporting on your 2019 federal income tax return.

• A nonresident estate or trust must enter the amount of the

gain, without regard to any distributions, from line 17.

Line 19 – When computing tax due on the gain from the transfer

or sale of the real property, you must use the tax rate equal to

the highest rate of tax for the tax year as set forth in the Tax Law

section 601. For tax year 2019 that rate is 8.82% (.0882).

Line 20 – This is the amount of your required estimated tax

payment. Enter this amount on the front page, Part 2, line 3 and

as your estimated tax payment on Form IT-2663-V on page 3.

You must complete Form IT-2663-V, even if there is no payment

of estimated personal income tax due.

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

Computation of cost or other basis

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 website at

www.irs.gov.

0431190094

IT-2663 (2019) Page 3 of 3

This area is for county clerk use only.

IT-2663-V

Individual taxpayer’s full name or name of estate or trust

Spouse’s name (if applicable) or name and title of duciary Spouse’s SSN

Individual taxpayer’s street address or address of duciary or representative

(see instructions)

City, village, or post ofce State ZIP code

Identication number (SSN or EIN of the estate or trust)

Enter date of conveyance and total payment in the boxes to the right. Print your name, the last four digits of

your social security number or employer identication number, and 2019 IT-2663-V on your payment. Make

payable to NYS Income Tax.

Date scal year ends

Date of conveyance

Mark an X in one box:

Individual Estate/trust

Department of Taxation and Finance

Nonresident Real Property Estimated Income Tax Payment Voucher

For use on sale or transfer of real property by a nonresident

Note: You must complete Form IT-2663-V (below), even if there is no payment of estimated personal income tax due.

Attach check or money order here.

You must attach a separate check or money order made payable

in U.S. funds to NYS Income Tax for the full amount of estimated

personal income tax due as shown on Part 2, line 3, and

Form IT-2663-V (below).

Dollars Cents

Total payment

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IT-2663 Nonresident Real Property Estimated Income Tax Payment (Federal Standard Abstract)

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