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vt10458
New Member

New York State credits

How do I answer the question "Was any rent received for nonresidential use of your property 20% or less of your rental income during 2022?" I don't rent the property I own but both anwers imply I do collect rent.

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MaryK4
Expert Alumni

New York State credits

This question s asking if you rent out any portion of your home (think like a roommate situation or AirBNB).

 

You are entitled to this refundable credit if you meet all of the following requirements for the tax year:

  • you are subject to tax under Tax Law Article 22,
  • you were a New York State resident for all of the tax year,
  • your qualified gross income is $250,000 or less,
  • you owned and primarily resided for six months or more of the tax year in real property that received the STAR exemption or that qualified you for the STAR credit,
  • any rent you received from nonresidential use of your residence was 20% or less of the rental income, and
  • you are the one that paid real property taxes on the property fully or partially.

Real property tax relief credit - Tax.NY.gov

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