Where in turbotax I can input information for New York form IT-237

Forum|Forum|6 years ago
June 5, 2019
2 replies
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Our building is a landmark building and we have received a tax credit from The New York State Office of Parks, Recreation, and Historic Preservation that needs to be applied to IT-237. Where in TurboTax I can apply this information?

TurboTax Premier Online

anyabernstein

This information may be dated (I last did this 2 years ago, I think), but in case it is helpful: At least 2 years ago, TurboTax did not support form IT 237. What I did: fill IT 237 out separately (downloaded from the NYS site), fill in the relevant information into TurboTax without attaching the actual form, then print everything out and mail it USPS to the NYS tax department. The key thing I learned was that NYS will accept *either* TurboTax filing *or* physical mail, but not both -- you can't file with TurboTax and send IT 237 separately. However, you can have TT calculate everything for you as usual, then print out the whole packet and send by mail. Hope this helps.

ddw119

Bummer. Turbo Tax should include It-237 form. Historic tax credits are not that unusual. Thanks. Donna

ReneeM7122

To get to the correct place in the program, first you should handle the historic credit on the Federal side.

Type Form 3468 in the search box and go to the investment credit section where you claim the historical rehabilitation credit. Follow the prompts for entry. The credit is claimed in Part 3, Page 2 of the form.

When you are done with Federal, you can go to the State section and click on "credits/deductions. If you have trouble finding the form you need (IT-237) you switch to forms mode and search for it there.

Here's how to switch to forms mode for Windows

Here's how to switch to forms mode for Mac

New York State Historic Homeownership Rehabilitation Credit The Historic Homeownership Rehabilitation Credit program offers a state income tax credit equal to 20% of qualified rehabilitation expenses associated with repair, maintenance, and upgrades to historic homes.

@ddw119

hjacoby24

Does anyone know if any version of Turbotax 2023 has the New York form IT-237? Or must I print the return from Turbotax, add in the form, and then mail the whole thing to the state? Did this work for you last year?