Form Dtf-1001 - Real Property Transfer Gains Tax Final Computation printable pdf download

New York State

For Department Use Only

Department of

Real Property Transfer Gains Tax

Taxation

and Finance

Final Computation

See Form DTF-1001-I, Instructions for Form DTF-1001, before completing this form.

Transferor name

Social security number

Mailing address

ZIP code

Federal EIN

Location of property transferred

Case number issued by Tax Dept.

–

—

Section I - Final Computation

1 Aggregate consideration received for transfers made prior to June 15, 1996

(see instructions: if transfers

are pursuant to a condominium or cooperative plan, complete Section II of this form)

. . . . . . . . . . . . . . . . . . . . . . . . . .

2 Actual brokerage fees paid by transferor for transfers made prior to June 15, 1996

. . . . . . . .

(see instructions)

3 Consideration

. . . . . . . . .

(subtract line 2 from line 1, if less than $1 million, skip to line 16 and enter ‘‘0’’ on line 16)

4 Purchase price paid to acquire real property

(from Form DTF-1000,

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part I , line 1, Allocated Amount column)

5 Other acquisition costs

(from Form DTF-1000, Part II , line 10,

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Allocated Amount column)

6 Cost of capital improvements to real property

(from Form DTF-1000,

. . . . . . . . . . . . . . . . . . . . . . . .

Part III , Section B, line 64, Allocated Amount column)

7 Conversion costs

(from Form DTF-1000, Part IV , line 15,

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Allocated Amount column)

8 Allowable selling expenses

(from Form DTF-1000, Part V , line 5,

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Allocated Amount column)

9 Real estate transfer taxes

. . . . . . . . . . . . .

(from Form DTF-1000, Part VI , line 4)

10 Allowable portion of costs to acquire section 421-a tax exemption

(from

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Form DTF-1000, Part VII , line 8)

11 Allowable portion of costs incurred in connection with the creation of a

lease or sublease that is in effect at time of transfer

. . .

(see instructions)

12 Original purchase price

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(add lines 4 through 11)

13 Gain

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(subtract line 12 from line 3; if line 3 is less than line 12, enter ‘‘0’’)

14 Allocated amount of builders’ exemption

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(see instructions)

15 Gain subject to tax

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(subtract line 14 from line 13)

16 Total gains tax due (10% of line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17 Gains tax previously paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 If line 17 is more than line 16, subtract line 16 from line 17. This is the gains tax refund requested . . .

19 If line 17 is less than line 16, subtract line 17 from line 16. This is the amount of gains

tax you owe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 If the amount on line 19 is more than $10,000, you may elect to pay the tax in three equal

annual installments

Enter the amount of payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(see instructions) .

Send check or money order made payable to: New York State Department of Taxation and Finance

TTTB-GAINS TAX

PO BOX 5045

ALBANY NY 12205-5045

DTF-1001 (8/96)