This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form NYC-2.1 for the current year.
This document contains official instructions for Form NYC-2.1 , Investment and Other Exempt Income and Investment Capital - a form released and collected by the New York City Department of Finance.
Q: What is Form NYC-2.1?
A: Form NYC-2.1 is a form used to report investment and other exempt income and investment capital in New York City.
Q: Who needs to file Form NYC-2.1?
A: Individuals and businesses who have investment and other exempt income and investment capital in New York City may need to file Form NYC-2.1.
Q: What is considered investment and other exempt income?
A: Investment and other exempt income includes dividends, interest, capital gains, and other income that is exempt from taxation.
Q: What is investment capital?
A: Investment capital refers to the total value of your investments, including stocks, bonds, real estate, and other assets.
Q: Is Form NYC-2.1 only for residents of New York City?
A: No, Form NYC-2.1 is also required for non-residents who have investment and other exempt income and investment capital in New York City.
Q: What is the deadline for filing Form NYC-2.1?
A: The deadline for filing Form NYC-2.1 is usually April 15th, or the same deadline as the federal income tax return.
Q: Are there any penalties for not filing Form NYC-2.1?
A: Yes, failure to file Form NYC-2.1 or providing false information can result in penalties and interest charges.
Instruction Details:
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