PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form IT-238
for the current year.
Instructions for Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
This document contains official instructions for Form IT-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 IT-238 is available for download through this link.
FAQ
Q: What is Form IT-238?
A: Form IT-238 is a document 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 provided to individuals or businesses who undertake qualified rehabilitation works on historic properties in New York.
Q: Who can claim the Rehabilitation of Historic Properties Credit?
A: Individuals and businesses who have completed qualified rehabilitation works on historic properties in New York can claim this credit.
Q: What is a historic property?
A: A historic property is a building or structure that is listed on the State or National Register of Historic Places, or is located within a designated historic district.
Q: What expenses are eligible for the credit?
A: Expenses related to the qualified rehabilitation of a historic property, such as construction costs and architectural fees, may be eligible for the credit.
Q: How much is the Rehabilitation of Historic Properties Credit?
A: The credit amount is 20% of the eligible expenses incurred.
Q: How can I claim the credit?
A: To claim the credit, you must complete and file Form IT-238 with the New York State Department of Taxation and Finance.
Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions on the credit, such as a maximum credit amount and a minimum rehabilitation expenditure threshold.
Instruction Details:
- This 3-page document is available for download in PDF;
- Actual and applicable for this year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the New York State Department of Taxation and Finance.
Download Instructions for Form IT-238 Claim for Rehabilitation of Historic Properties Credit - New York
1
2
3
