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…
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!
If the coop section has no commercial space it’s exempt from filing the RPIE forms altogether.
I’m no expert but I think if you have 2 lot numbers you’d have to make out 2 RPIE forms.