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Instructions for Form CT-238
for the current year.
Instructions for Form CT-238 Claim for Rehabilitation of Historic Properties Credit - New York
This document contains official instructions for Form CT-238 , Claim for Rehabilitation of Historic Properties Credit - a form released and collected by the New York State Department of Taxation and Finance. An up-to-date fillable Form CT-238 is available for download through this link.
FAQ
Q: What is Form CT-238?
A: Form CT-238 is a tax form used to claim the Rehabilitation of Historic Properties Credit in New York.
Q: What is the Rehabilitation of Historic Properties Credit?
A: The Rehabilitation of Historic Properties Credit is a tax credit given to individuals or companies who have made qualifying expenses for rehabilitating historic properties in New York.
Q: Who can claim the Rehabilitation of Historic Properties Credit?
A: Individuals or companies who have made qualifying expenses for rehabilitating historic properties in New York can claim this credit.
Q: What are qualifying expenses for the Rehabilitation of Historic Properties Credit?
A: Qualifying expenses include costs for the rehabilitation or reconstruction of a certified historic structure, as well as certain ancillary costs.
Q: How do I complete Form CT-238?
A: The form requires information about the taxpayer, the historic property, and the qualifying expenses. It also requires documentation to support the credit claim.
Q: Is there a deadline for filing Form CT-238?
A: Yes, Form CT-238 must be filed by the due date of the taxpayer's return, including extensions.
Q: Can I claim the Rehabilitation of Historic Properties Credit if I am not a New York resident?
A: No, only individuals or companies who have made qualifying expenses for rehabilitating historic properties in New York are eligible for this credit.
Q: What documentation do I need to support my claim for the Rehabilitation of Historic Properties Credit?
A: You will need to provide documentation such as receipts, invoices, and other records that substantiate your qualifying expenses.
Q: Can I claim the Rehabilitation of Historic Properties Credit for expenses that were reimbursed by insurance or other sources?
A: No, you can only claim the credit for expenses that were not reimbursed by insurance or other sources.
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
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