Married couples who are nonresident transferors/sellers, and who transfer or sell their interest in New York State real property, may file one Form IT-2663 and use one check or money order. The term married includes a marriage between same-sex spouses.

What is a IT 2663 form?

Department of Taxation and Finance. Nonresident Real Property Estimated Income Tax Payment Voucher. For use on sale or transfer of real property by a nonresident. Note: You must complete Form IT-2663-V (below), even if there is no payment of estimated personal income tax due.

When to fill out it-2663 in New York?

Form IT-2663 is the “Nonresident Real Property Estimated Income Tax Payment Form”. Simply put, IT-2663 is filled out and filed whenever there is a sale of New York real estate by a New York nonresident.

How to use form it-2663 for real estate?

• If only a portion of the property is located inside New York State, enter the gain allocated to the portion of the property located inside New York State. Attach a statement to Form IT-2663 showing how you computed the allocation. • If only a portion of the property qualifies as your principal

When to claim estimated tax payments on form it-2663?

Nonresident individuals, estates, and trusts should take into account the amount of estimated tax paid with Form IT-2663 when they file their 2020 New York State income tax return. Any tax refund that is due can be claimed at that time. Estimated tax payments made with Form IT-2663 cannot be refunded prior to the filing of an income tax return.

When is a nonresident not required to file Form it-2663?

A nonresident is not required to file Form IT-2663 if any of the following apply: • The property being sold or transferred qualifies in total as the principal residence of the transferor/seller within the meaning of Internal Revenue Code (IRC) section121 (Tax Law section 663(c)(1)).