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January 29, 2009
Taxes on a Con-OP
We have a two unit condo. The front unit, a brownstone, is divided into apartments and is co-oped. The rear condo is a small store. There are two separate tax lot ids (dirrent than the DoB lot number). The question I have is for a Real Property Income and Expense statement to DoF for a condo would I fill out two separate income and expense statements or jsut one? I plan on contesting my tax assesment for the store condo since it jumped way, way up and I wouldn't mind getting a break for the co-op as well. I could just use some clarification on what to fill out. Any advice is appreciated!
Comments
I'm no expert but I think if you have 2 lot numbers you'd have to make out 2 RPIE forms.
Posted by: Arkady at January 29, 2009 6:25 PM
If the coop section has no commercial space it's exempt from filing the RPIE forms altogether.
Posted by: cm at January 30, 2009 8:30 AM
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