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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IT-238
for the current year.
Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
What Is Form IT-238?
This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form IT-238?
A: Form IT-238 is a tax form used for claiming 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 offered in New York to individuals or businesses that restore and preserve historic properties.
Q: Who can claim the Rehabilitation of Historic Properties Credit?
A: Individuals and businesses who have incurred qualified rehabilitation expenses for eligible historic properties in New York can claim this credit.
Q: What are qualified rehabilitation expenses?
A: Qualified rehabilitation expenses are certain expenses incurred for the rehabilitation, renovation, or restoration work done on a historic property.
Q: What is an eligible historic property?
A: An eligible historic property is a property that is listed on the State Register of Historic Places or is located in a historic district that is certified by the New York State Office of Parks, Recreation and Historic Preservation.
Q: How do I file Form IT-238?
A: Form IT-238 can be filed with your New York state income tax return. You will need to provide detailed information about the rehabilitation project and the qualified rehabilitation expenses.
Q: Is there a deadline for filing Form IT-238?
A: Yes, Form IT-238 must be filed by the due date of your New York state income tax return, including extensions.
Q: What is the benefit of claiming the Rehabilitation of Historic Properties Credit?
A: By claiming this credit, individuals and businesses can offset a portion of the qualified rehabilitation expenses and reduce their New York state income tax liability.
Q: Can I claim the Rehabilitation of Historic Properties Credit if I used federal historic preservation tax credits?
A: Yes, you can still claim the Rehabilitation of Historic Properties Credit in addition to any federal historic preservation tax credits you may have received.
Form Details:
- The latest edition provided by the New York State Department of Taxation and Finance;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IT-238 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.
Download Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
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