New York Nonresident Cooperative Unit Estimated Income Tax Payment Form

Nonresident Cooperative Unit Estimated Income Tax Payment Form
Form IT-2664 Nonresident Cooperative Unit Estimated Income Tax Payment Form Tax Year 2024
IT-2664

Department of Taxation and Finance

Nonresident Cooperative Unit
Estimated Income Tax Payment Form

For use on sale or transfer of a cooperative unit by a nonresident of New York State
Tax Law–Article 22, Section 663
	 Mail your completed Form IT-2664 together with your Form TP-584, Combined Real Estate
Transfer Tax Return, Credit Line Mortgage Certificate, and Certification of Exemption from the
Payment of Estimated Personal Income Tax (see Form IT-2664-I, Instructions for Form IT-2664).

For office use only

This form is valid for sales or transfers (date of conveyance) after December 31, 2023, but before January 1, 2025.
A 	The transferor/seller is:	
an individual	
an estate or trust
B 	Is the transferor/seller reporting the gain for federal income tax purposes under the installment method?	
Yes 	
No
  If Yes, what is the duration of the installment agreement?	
months	
years
C 	Mark an X in the box if only a portion of the cooperative unit being sold or transferred qualifies as the principal residence of the transferor(s)/seller(s) listed below.

Part 1 – Sale or transfer information
Transferor/seller name	

Transferor/seller identification number (SSN or EIN)

Spouse’s name or name of fiduciary (if applicable) 	

Spouse’s SSN

Address of transferor/seller (number and street; see instructions)	

City	

State	

ZIP code

Mailing address of transferor/seller or fiduciary (if different)	

City	

State	

ZIP code

Location and description of cooperative unit transferred (include address, unit number, and county)	 
Date of conveyance
Tax map designation

	Section	 Block	

Lot

	

–	

–	2024

Part 2 – Estimated tax information (Complete Worksheet for Part 2 on page 2 before completing this part.)
	 1	 Sale price (from Worksheet for Part 2, line 15)........................................................................................	 1.
	 2	 Total gain (from Worksheet for Part 2, line 17; if a loss, enter 0). ...............................................................	 2.
	 3	 Estimated tax due (from Worksheet for Part 2, line 20).........................................................................	 3.	

00

Part 3 – Nonpayment of estimated tax by a nonresident upon the sale or transfer of a cooperative unit (see instructions)
	 4	 This is to certify that the transferor/seller of this cooperative unit is a nonresident of New York State and is not required to pay
		  estimated tax under Tax Law section 663 due to one of the following reasons:
	

A	
The sale or transfer of this cooperative unit results in a loss (less than or equal to zero) for federal income tax 			
	purposes (you must complete Worksheet for Part 2 on page 2 of this form).

	

B	
	

The transferor/seller is not required to recognize any gain or loss with respect to the sale or transfer under provisions 		
of the Internal Revenue Code (IRC) (except for section 121) (you must complete the summary below).

Brief summary of the transfer (include the section(s) of the IRC and facts supporting the claim that the recognition of the
gain or loss is not required with respect to the sale or transfer):

Part 4 – Signature
I, the undersigned, certify that this form, including any certification and attachment(s), is to the best of my knowledge and belief, true,
correct, and complete.
Signature of transferor/seller	

Date	

Signature of spouse (if applicable)	Date

Page 2 of 3  IT-2664 (2024)

Worksheet for Part 2
Use this worksheet to compute your gain or loss on the sale or
transfer of the cooperative unit. The gain or loss is computed in
the same manner as for federal income tax purposes. For more
information, see federal Publication 523, Selling Your Home;

Publication 544, Sales and Other Dispositions of Assets; and
Publication 551, Basis of Assets. These publications are available
on the Internal Revenue Service’s website at www.irs.gov.

Computation of cost or other basis
	 5	 Purchase price of stock shares..........................................................................................................	
	 	 Increases to basis:
	 6	Improvements...............................................................................	 6.
	 7	 Closing costs.................................................................................	 7.
	 8	Other (explain)	
8.
	9	 Add lines 6, 7, and 8..........................................................................................................................	
	10	 Add lines 5 and 9...............................................................................................................................	
		 Decreases to basis:
11	Depreciation (if applicable)..............................................................	 11.
12	Other (explain)	12.
	13	 Add lines 11 and 12............................................................................................................................	
	14	 Adjusted basis of stock shares (subtract line 13 from line 10)................................................................	

5.

9.
10.

13.
14.

Gain or loss
15	 Sale price less selling expenses (enter here and on the front page, Part 2, line 1)...................................	 15.
	 6	 Cost or adjusted basis (from line 14 above)..........................................................................................	 16.
1
	17	 Total gain or loss: Subtract line 16 from line 15. If the amount is a gain (greater than zero), enter here, on the
		  front page, Part 2, line 2, and continue with line 18. If the amount is a loss (less than or equal to zero), enter 0
		  here, on line 20 below, and on the front page, line 2. Complete Part 2, Part 3, and Form IT-2664-V on page 3..	 17.

Estimated tax due
	 8	 Enter the gain from line 17 (if only a portion of the gain from line 17 is subject to tax, see instructions below)		 18.
1
	19	 New York State tax rate 10.90% (.1090)............................................................................................	 19.	.1090
	20	 Estimated tax due (Multiply line 18 by line 19, and round to the nearest whole dollar; enter here and on the front page,
		  Part 2, line 3. Complete Form IT-2664-V, Nonresident Cooperative Unit Estimated Income Tax Payment Voucher, on page 3.)		 20. 	
00

Specific instructions for Worksheet for Part 2
Note: See Form IT‑2664-I, Instructions for Form IT‑2664, for
complete instructions.
Lines 5 through 17 – Multiple transferors/sellers: Enter the total
purchase price, adjustments to basis, and sale price to determine
the total gain (or loss). See Line 18 below for allocation of the gain.
Line 5 – Your purchase price of stock shares in a cooperative
unit is usually the cost of stock in the cooperative housing
corporation, which may include your share of a mortgage on
the building owned by the cooperative housing corporation
on the date of the purchase of stock interest, if such portion is
properly allocable to your cooperative unit and must be paid as
a condition of retaining your stock interest in the cooperative
housing corporation. This amount must be computed in the
same manner as for federal income tax purposes.
Line 18 – Enter the gain (or portion of the gain) from line 17 that
will be reported on your federal income tax return for 2024.
•	 If only a portion of the cooperative unit qualifies as your
principal residence, enter the gain allocated to the portion
of the cooperative unit that did not qualify as your principal
residence and will be reported on your federal income tax
return for 2024. Attach a statement to Form IT-2664 showing
how you computed the allocation.

•	 If two or more persons transfer or sell the cooperative
unit, allocate the total gain on the cooperative unit among
the transferors/sellers in the same manner as the gain is
allocated for federal income tax purposes. Attach a statement
to Form IT-2664 showing each transferor’s/seller’s name, SSN
or EIN, address, and share of the gain.
•	 If the gain is being reported as an installment sale, enter
the amount of gain that you (and your spouse, if applicable)
will be reporting on your 2024 federal income tax return.
•	 A nonresident estate or trust must enter the amount of the
gain, without regard to any distributions, from line 17.
Line 19 – When computing tax due on the gain from the transfer
or sale of the cooperative unit, you must use the tax rate equal to
the highest rate of tax for the tax year as set forth in the Tax Law,
section 601. For tax year 2024 that rate is 10.90% (.1090).
Line 20 – This is the amount of your required estimated tax
payment. Enter this amount on the front page, Part 2, line 3, and
as your estimated tax payment on Form IT-2664-V on page 3.
You must complete Form IT‑2664‑V, even if there is no payment
of estimated personal income tax due.

IT-2664 (2024)  Page 3 of 3
Note: You must complete Form IT‑2664‑V (below), even if there
is no payment of estimated personal income tax due.

Private delivery services
If you choose, you may use a private delivery service, instead of
the U.S. Postal Service, to mail in your form and tax payment.
However, if, at a later date, you need to establish the date you
filed or paid your tax, you cannot use the date recorded by a
private delivery service unless you used a delivery service that
has been designated by the U.S. Secretary of the Treasury
or the Commissioner of Taxation and Finance. (Currently
designated delivery services are listed in Publication 55,
Designated Private Delivery Services. See Need help? in
the instructions, Form IT-2664-I, for information on obtaining
forms and publications.) If you have used a designated private
delivery service and need to establish the date you filed your
form, contact that private delivery service for instructions on
how to obtain written proof of the date your form was given to
the delivery service for delivery. See Publication 55 for where to
send the form(s) covered by these instructions.

Estimated income tax payment information

Print your name, the last four digits of your SSN or EIN, and
2024 IT-2664-V on your check or money order. You must
remit the full payment of estimated income tax as shown on
Form IT-2664, line 3 without regard to any prior credits or
payments of estimated tax for the tax year. Make your check or
money order payable in U.S. funds to NYS Income Tax. Do not
combine this payment with payment of any other tax or fee; it
must be a separate check or money order. Do not detach this
voucher from the rest of the form.
Mail your completed Form IT-2664 (with a check or money order
for the full payment of any estimated income tax due) and your
Form TP-584 (with a separate check or money order for the
real estate transfer tax shown as due on Form TP-584) to the
NYS Tax Department at the address below within 15 days of the
delivery of the instrument effecting the disposition.

	
	
	
	

NYS TAX DEPARTMENT
RETT PROCESSING UNIT
90 COHOES AVE
GREEN ISLAND NY 12183-1515

Attach check or money order here.

You must attach a separate check or money order made payable
in U.S. funds to NYS Income Tax for the full amount of estimated
personal income tax due as shown on Part 2, line 3, and
Form IT‑2664‑V (below).

Do not detach
Department of Taxation and Finance

Nonresident Cooperative Unit Estimated Income Tax Payment Voucher
For use on sale or transfer of a cooperative unit by a nonresident

IT-2664-V
Date fiscal year ends

Enter date of conveyance and total payment in the boxes to the right. Print your name, the last four digits of
your Social Security number or employer identification number, and 2024 IT-2664-V on your payment. Make
payable to NYS Income Tax.

Date of conveyance

Identification number (SSN or EIN of an estate or trust) Mark an X in one box:
	
Individual taxpayer’s full name or name of estate or trust

Individual 	

Spouse’s name (if applicable) or name and title of fiduciary	

Spouse’s SSN

Estate/trust

	 Dollars	Cents

Individual taxpayer’s street address or address of fiduciary or representative (see instructions)
City, village, or post office	

0441240094

State	

ZIP code

Total payment	

	

00