CT-43: Claim for Special Additional Mortgage Recording Tax Credit (2024)
New York · NY DTF · Used for tax years 2024
Form CT-43 is used by corporations to claim New York's special additional mortgage recording tax credit. It reports qualifying tax paid, credits allocated from partnerships, unused credits from a preceding period, and the amounts used, carried forward, refunded, or credited as an
Who files this form
Form CT-43 is for corporations claiming the special additional mortgage recording tax credit. It includes entries for qualifying tax paid during the current tax year, credit allocated from partnerships, and unused credit from the preceding period.
If you are claiming the credit as a corporate partner, mark an X in box A. Schedule C, for refunds or credits and carryforwards, is for Article 9-A taxpayers only.
What you'll need
Have the following information available to complete the form:
- The corporation’s legal name, EIN, and tax period beginning and ending dates.
- Each property’s address, the date the mortgage was recorded, the mortgage amount, and the special additional mortgage recording tax paid.
- Any unused special additional mortgage recording tax credit from the preceding period.
- Tax due before credits, credits claimed before this credit, and minimum tax for Schedule B.
- For partnership credits, each partnership’s name, EIN, and credit amount allocated.
- For Schedule C, the recording tax included on lines 1a and 1b for residential mortgages only.
The form refers filers to Form CT-43-I for instructions.
How to file
File Form CT-43 with Form CT-3, CT-3-A, CT-3-S, CT-33, CT-33-A, CT-33-NL, CT-183, CT-184, or CT-186.
In Schedule A, use a separate line for each property. If you need more lines, submit additional forms. Enter the total number of properties included in the claim in box B.
Report partnership allocations in Schedule D and enter the line 16 total on line 1b.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
Follow these reminders printed on the form:
- All filers must enter the tax period’s beginning and ending dates.
- Corporate partners claiming the credit must mark an X in box A.
- Use a separate line for each property and submit additional forms if more lines are needed.
- File CT-43 with one of the tax returns listed on the form.
- Complete Schedule C only if you are an Article 9-A taxpayer.
Questions people ask
How do I calculate the total available credit?
Add qualifying special additional mortgage recording tax paid during the current tax year on line 1a, partnership credit allocations on line 1b, and unused credit from the preceding period on line 2. Enter the total on line 3.
Where do I report credit allocated by a partnership?
Use Schedule D to list each partnership’s name, EIN, and allocated credit amount. Enter the total on line 16 and on line 1b.
What if I have more properties than the form has space for?
Submit additional forms. Schedule A provides a place to enter the total from additional forms.
Who can use Schedule C?
Schedule C is for Article 9-A taxpayers only. It includes entries for credit eligible for refund or credit, the amount to be refunded, the amount to be credited as an overpayment, and the carryforward.