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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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I have a nyc ubt filing requirement question. am trying to

Customer Question

hello, i have a nyc ubt filing requirement question.
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: am trying to find out if we need to file a nyc ubt return with the following fact pattern:
JA: Is there anything else important you think the Accountant should know?
Customer: 1. one partnership that owns one property that generates rental revenue only from its tenants. the bldg when initially purchased may not have been intended for rental and the partnership may 'convert' it (ie: upgrade the bldg, amenities, etc. at no time will the bldg be offering services to non-tenants (ie no public parking/gym memberships, etc)/
Submitted: 4 months ago.
Category: Tax
Expert:  Jonathan Tierney replied 4 months ago.

Hi, my name is ***** ***** I can help. Just to clarify, are you asking if income from rental real estate is subject to the NYC UBT tax?

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