IT-2664: Nonresident Cooperative Unit Estimated Income Tax Payment Form - valid for sales or transfers (date of conveyance) after December 31, 2024, but before January 1, 2026 (2025)
New York · NY DTF · Used for tax years 2025
Form IT-2664 reports a nonresident’s sale or transfer of a cooperative unit and calculates the gain and estimated New York State income tax due. It includes a worksheet, payment voucher, and a section to certify specified reasons why no estimated tax payment is required.
Who files this form
Form IT-2664 is for a nonresident of New York State selling or transferring a cooperative unit. It covers individual sellers and nonresident estates or trusts.
The form includes a nonpayment certification for sellers whose transfer results in no gain or a loss for federal income tax purposes, or whose gain or loss does not have to be recognized under the Internal Revenue Code, except section 121. These sellers must still complete the applicable parts of the form.
When it's due
For tax year 2025, mail Form IT-2664, any required estimated income tax payment, and Form TP-584 within 15 days of delivery of the instrument effecting the disposition.
The 2025 form is valid for sales or transfers with a date of conveyance after December 31, 2024, but before January 1, 2026.
What you'll need
Have the following information and materials ready:
- Seller’s name, SSN or EIN, address, and any applicable spouse or fiduciary information.
- Cooperative unit address, unit number, county, and date of conveyance.
- Purchase price of the stock shares, improvements, closing costs, depreciation, other basis adjustments, sale price, and selling expenses.
- Installment agreement duration, if reporting the gain under the installment method.
- Form TP-584 to mail with Form IT-2664.
- Separate checks or money orders for any estimated income tax and real estate transfer tax due.
If applicable, attach a statement showing how you allocated gain between principal-residence and other portions of the unit. For multiple sellers, attach a statement listing each seller’s name, SSN or EIN, address, and share of the gain.
If claiming that gain or loss does not have to be recognized under the Internal Revenue Code, complete the summary in Part 3 with the relevant Code sections and supporting facts.
How to file
- Complete the seller and sale information on page 1.
- Complete the Worksheet for Part 2 before filling in Part 2. Use the worksheet to calculate gain or loss and estimated tax.
- Complete Part 3 if claiming a listed reason for nonpayment, and sign Part 4. Include the spouse’s signature if applicable.
- Complete Form IT-2664-V, even if no estimated income tax is due. Keep the voucher attached to the rest of the form.
- Mail Form IT-2664, any required payment, and Form TP-584 within 15 days of delivery of the instrument effecting the disposition to:
NYS TAX DEPARTMENT
RETT PROCESSING UNIT
90 COHOES AVE
GREEN ISLAND NY 12183-1515
Make the estimated income tax check or money order payable in U.S. funds to NYS Income Tax. Print your name, the last four digits of your SSN or EIN, and 2025 IT-2664-V on it. Use a separate check or money order for any real estate transfer tax due on Form TP-584.
You may use a private delivery service. See Publication 55 for designated services and where to send the forms. Only a designated service’s recorded date can be used to establish when you filed or paid.
Common mistakes
- Skipping the worksheet: Complete the Worksheet for Part 2 before completing Part 2.
- Omitting or detaching the voucher: Complete Form IT-2664-V even when no estimated tax is due, and do not detach it.
- Reducing the payment for earlier payments or credits: Pay the full amount on line 3 without regard to prior credits or estimated tax payments for the tax year.
- Combining payments: The estimated income tax payment must be a separate check or money order, not combined with any other tax or fee.
- Leaving out allocation statements: Attach the required statement for multiple sellers or when only part of the unit qualifies as a principal residence.
- Not rounding the tax: Round the estimated tax on worksheet line 20 to the nearest whole dollar.
Questions people ask
What tax rate does the 2025 worksheet use?
The worksheet uses 10.90% (0.1090). Multiply the gain on line 18 by this rate and round to the nearest whole dollar.
What if the sale produces no gain or a loss?
If worksheet line 17 is zero or less, enter 0 on worksheet lines 17 and 20 and on Part 2, line 2. Complete Part 2, Part 3, and Form IT-2664-V.
What if I report the sale in installments?
On worksheet line 18, enter the gain you and your spouse, if applicable, will report on your 2025 federal income tax return. The form also asks for the duration of the installment agreement.
What if only part of the unit was my principal residence?
Mark box C. On worksheet line 18, enter the gain allocated to the portion that did not qualify as your principal residence and will be reported on your 2025 federal income tax return. Attach a statement explaining the allocation.