How to Complete Form TP-584.1: Schedules E, F, and G for NY Transfer Tax

Form TP-584.1 is a supplemental attachment to New York’s real estate transfer tax return, and you file it whenever a conveyance involves a foreclosure, a change in the form of ownership, or a claim for credit on transfer tax already paid. It attaches to Form TP-584 outside New York City and to Form TP-584-NYC inside the five boroughs, and you complete it whenever you mark condition e, f, or g in Schedule A of that primary return.1New York State Department of Taxation and Finance. Form TP-584 Combined Real Estate Transfer Tax Return The supplement contains three schedules — E, F, and G — and you complete only the one (or ones) that match your transaction.2New York State Department of Taxation and Finance. Form TP-584.1 Real Estate Transfer Tax Return Supplemental Schedules

When You Have to File It

Most ordinary sales don’t require TP-584.1 at all. It’s triggered by three specific conditions on the primary return:

  • Condition e, a conveyance pursuant to or in lieu of a mortgage foreclosure, or an enforcement of a lien or other security interest, triggers Schedule E.
  • Condition f, a mere change of identity or form of ownership with no change in beneficial ownership, triggers Schedule F.
  • Condition g, a claim of credit for transfer tax previously paid on a related conveyance, triggers Schedule G.1New York State Department of Taxation and Finance. Form TP-584 Combined Real Estate Transfer Tax Return

If more than one condition applies, complete each corresponding schedule. If none apply, you don’t need TP-584.1.

Header Information Every Schedule Needs

Each schedule opens with the same header block, and the entries must match your primary TP-584 or TP-584-NYC exactly:2New York State Department of Taxation and Finance. Form TP-584.1 Real Estate Transfer Tax Return Supplemental Schedules

  • Grantor’s full legal name and Social Security number or Employer Identification Number.
  • Grantee’s full legal name and taxpayer identification number.
  • The property’s tax map designation and street address.

Gather the transaction documents that go with your schedule before you start. For Schedule E, that’s the mortgage, any foreclosure judgment, the bid price, and information on continuing liens. For Schedule F, it’s organizational documents showing beneficial ownership before and after. For Schedule G, it’s the earlier TP-584 return showing the tax that was previously paid.

Completing Schedule E: Foreclosure or Security Interest

Schedule E is the most involved part of the form, and the instructions draw hard lines around when you can use it. Before entering figures, identify the debt structure. A continuing lien is any lien or encumbrance that stays on the property after the conveyance. Recourse debt means the grantor or a related person bears the economic risk of loss beyond the property’s value; nonrecourse debt does not. When the grantee is the mortgagee (or its agent, nominee, or wholly owned entity), you can use Schedule E only if the debt is entirely recourse or entirely nonrecourse. If the debt is mixed, you have to attach a separate computation schedule instead of using Schedule E.2New York State Department of Taxation and Finance. Form TP-584.1 Real Estate Transfer Tax Return Supplemental Schedules

Whether the grantee is “related” to the mortgagee also changes how you fill out Part 1. A grantee is treated as related if a conveyance between the two would qualify for the mere-change-of-identity exemption under Tax Law Section 1405(b)(6). For conveyances to the mortgagee, lienor, or a related entity, Line 1 takes the higher of the foreclosure judgment amount or the bid price, with the judgment figure including interest accrued through the transfer date. If the grantee is unrelated to the mortgagee, enter only the bid price on Line 1.2New York State Department of Taxation and Finance. Form TP-584.1 Real Estate Transfer Tax Return Supplemental Schedules

Line 2 captures any continuing liens that are separate from the amount reported on Line 1. Line 3 adds the two. The lines that follow walk the tax calculation based on whether the underlying debt is recourse or nonrecourse, so misclassifying the debt at the top of the schedule will propagate through everything below it.

Completing Schedule F: Mere Change of Identity or Form of Ownership

Schedule F covers conveyances that restructure how a property is held without changing who actually benefits from it. Transferring real estate from your name into an LLC you wholly own, or reorganizing a partnership that holds real estate, are the typical examples. Tax Law Section 1405(b)(6) exempts these conveyances from transfer tax entirely, provided there’s no change in beneficial ownership.3New York State Senate. Tax Code 1405 – Exemptions

On the schedule, describe the conveyance and show that the same people hold the same proportional interests in the property before and after. Only the legal wrapper has changed. If any beneficial ownership shifts to a new party, even a small percentage, the exemption doesn’t apply and Schedule F is the wrong form.

Completing Schedule G: Credit for Tax Previously Paid

Schedule G reduces the current transfer tax by the amount already paid on a prior related conveyance of the same property, so the tax isn’t collected twice on the same value. To fill it in, you need the details of the earlier transaction — its date, the consideration, and the amount of tax paid — pulled from your prior TP-584 return and recording receipt.

Filing With the Primary Return

TP-584.1 doesn’t go anywhere on its own. Attach it to your primary TP-584 or TP-584-NYC and submit the combined package through the same channel you’d use for the primary return.2New York State Department of Taxation and Finance. Form TP-584.1 Real Estate Transfer Tax Return Supplemental Schedules

Outside New York City

File with the county clerk in the county where the property sits, at the time the deed is recorded. Use Form TP-584 as the primary return, not the NYC version.1New York State Department of Taxation and Finance. Form TP-584 Combined Real Estate Transfer Tax Return

Inside New York City

For properties in Manhattan, the Bronx, Brooklyn, and Queens, submit everything electronically through the Automated City Register Information System (ACRIS), using Form TP-584-NYC as the primary return. The steps are:4New York City Department of Finance. ACRIS

  1. Prepare the TP-584-NYC, the TP-584.1, and the ACRIS cover page.
  2. Scan and upload the documents in ACRIS.
  3. Review the submission for accuracy.
  4. Pay taxes and fees by eCheck or credit card. Online payments cannot be split across multiple checking accounts.
  5. Watch for any issues flagged by the city register and respond promptly.

Staten Island is different. RPTT returns still have to be submitted electronically through ACRIS, but a paper filing is also required, and every document for a single transaction has to move together — all electronic or all on paper.4New York City Department of Finance. ACRIS

Where to Download the Form

Form TP-584.1 is available as a PDF on the New York State Department of Taxation and Finance website, on the same page as Form TP-584, Form TP-584-NYC, and their instructions.5Department of Taxation and Finance. Real Estate Transfer Tax Download the TP-584 instructions along with the supplement; they explain the Schedule A conditions that decide whether you need TP-584.1 in the first place.