Instructions for Form IT-2663 Nonresident Real Property Estimated Income Tax Payment Form - New York

This document contains official instructions for Form IT-2663 , Nonresident Real Property Estimated Income Tax Payment Form - a form released and collected by the New York State Department of Taxation and Finance.

FAQ

Q: What is Form IT-2663?A: Form IT-2663 is the Nonresident Real Property Estimated Income Tax Payment Form for New York.

Q: Who needs to file Form IT-2663?A: Nonresident individuals or entities who sell or transfer real property in New York need to file Form IT-2663.

Q: When do I need to file Form IT-2663?A: Form IT-2663 needs to be filed at least 20 days before the sale or transfer of real property occurs.

Q: What is the purpose of Form IT-2663?A: The purpose of Form IT-2663 is to make estimated income tax payments on the gain realized from the sale or transfer of real property in New York.

Q: What information do I need to provide on Form IT-2663?A: You need to provide information such as your name, address, identification number, sale or transfer details, and estimated tax payment amount on Form IT-2663.

Q: Are there any penalties for not filing Form IT-2663?A: Yes, there are penalties for failure to file Form IT-2663 or for underestimating the tax amount.