RPIE

I just discovered that I am supposed to file RPIE (Real Property Income and Expense ) annually. Why i didnt know about this before? How important is it? What are the pros and cons of filing? Do I need to file even if I have a 2 family house?

Thank you.

deva

in General Discussion 4 years and 9 months ago

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deva | 4 years and 9 months ago

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Thank you!

dorkofwindsor | 4 years and 9 months ago

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Residential properties containing 10 or fewer units don’t have to file, nor do individual condo owners.
https://www1.nyc.gov/assets/finance/downloads/pdf/rpie/rpiefilinginfo.pdf