Instafill.ai
7 days free
AI form filling · 200 fields · 2 pages · done in seconds

Yes! You can use AI to fill out TC201, Income and Expense Schedule for Rent-Producing Property

Don't type 200 fields by hand. Tell our AI about yourself, or upload a document you already have, and it fills every field in seconds. You check it, then download, print or sign.

7 days free, then $19.99/month · Cancel anytime
AI fills it, no typingEncrypted, never used to train AICancel in two clicks
TC201, Income and Expense Schedule for Rent-Producing Property, page 1
Very Complex · 80/100Form Complexity Index

The AI does the filling. You just check it.

No typing into boxes, nothing to install.

Tell the AI about youAnswer a few questions in plain words, or upload a document you already have. That is all the typing there is.
AI fills every field in secondsIt puts each answer in the right box on every page, tables and checkboxes included.
Check it and downloadReview every field, change anything, then download, print or sign the PDF.

What this form asks for

The AI fills all of it, from your answers or your documents.

Form TC201 is an official New York City Tax Commission schedule that property owners must attach to their assessment appeal application to report detailed income and expense information for rent-producing properties, covering residential and nonresidential occupancy, lease details, and two years of financial data. It is required for the 2026/27 assessment year and is not valid if filed separately from the main application. Accurate completion of TC201 is critical because the Tax Commission uses the reported income and expense data to evaluate whether a property's assessed value is appropriate. Today, this form can be filled out quickly and accurately using AI-powered services like Instafill.ai, which can also convert non-fillable PDF versions into interactive fillable forms.
Fillable fields200
Pages2
Sections78
Tables and lists3
Questions that depend on earlier answers42
Form Complexity IndexVery Complex, 80/100

The AI checks your answers before you download

16 checks built for this form, so a wrong date or a missing answer is caught before anyone else sees it.

Ensures Borough is a Valid New York City Borough Name

This check verifies that the Borough field contains one of the five valid NYC borough names: Bronx, Brooklyn, Manhattan, Queens, or Staten Island. The borough must match exactly between the header fields and Part 1 Property Identification section. If the borough is missing, misspelled, or contains an invalid value, the form cannot be properly associated with the correct tax jurisdiction, potentially invalidating the entire filing.

Validates Block and Lot Numbers Are Numeric and Non-Empty

This check confirms that both the Block and Lot fields contain only numeric characters and are not left blank. Block and lot numbers are the primary identifiers used by the NYC Tax Commission to locate and assess a specific parcel, and non-numeric or missing values would prevent the form from being matched to the correct property record. If either field is empty or contains letters or special characters, the submission must be rejected or flagged for correction.

Ensures Reporting Period Dates Are Valid and Span Exactly One Year

This check validates that the 'From' and 'To' dates in Part 2 are valid calendar dates (with months between 01–12 and days appropriate for the given month) and that the reporting period covers a full 12-month period. The reporting period must align with the 2026/27 assessment year context of the form. If the dates are invalid, incomplete, or do not span a full year, the income and expense data reported may be incomparable to prior-year figures and could trigger a review or rejection.

Ensures Exactly One Accounting Basis Checkbox Is Selected

This check confirms that one and only one of the two accounting basis checkboxes — Cash or Accrual — is selected in Part 2. Selecting both or neither would create ambiguity about how income and expenses were recognized, which is critical for the Tax Commission's assessment analysis. If neither or both boxes are checked, the form should be flagged as incomplete or contradictory.

Validates Residential Unit Totals Match Sum of Individual Occupancy Categories

This check verifies that the Total number of units in Part 3 equals the sum of Rented Regulated, Rented Unregulated, Owner Occupied/Super's Apt, and Vacant units. Similarly, the Total Monthly Rent should equal the sum of the monthly rents across all occupancy categories. A mismatch between the total row and the sum of its components indicates a data entry error that could distort the property's assessed value.

Ensures Nonresidential Square Footage Totals Are Internally Consistent

This check confirms that the Nonresidential Total row in Part 4 equals the sum of all individual floor rows (Floor 3+, 2nd Floor, 1st Floor, Basement) for each square footage column (Applicant/Related, Rented Unrelated, Vacant Rentable, and Gross). Additionally, for each floor row, the sum of Applicant/Related, Rented, and Vacant square footage should not exceed the Gross Square Footage for that floor. Inconsistencies in these totals suggest arithmetic errors or unreported space that could affect the assessment.

And 10 more checks
  • Validates Lease Section Is Completed When Arms-Length Lease Is Indicated
  • Ensures Lease Term Dates Are Chronologically Valid
  • Validates Total Gross Income Equals Sum of All Income Line Items
  • Validates Expenses Before Real Estate Taxes Equals Sum of Expense Lines a Through l
  • Validates Total Expenses and Net Profit Calculations Are Arithmetically Correct
  • Ensures Miscellaneous Expenses in Part 9 Match the Amount Carried into Part 7 Line l
  • Ensures Condominium and Multi-Lot Logic Is Internally Consistent
  • Validates That Recurring Charges Disclosure Is Answered for Residential Rent
  • Ensures Tenants' Electricity Questions Are Both Answered in Part 10
  • Validates That Prior Year and Current Year Income/Expense Figures Are Both Provided

Let AI fill out your TC201

No typing. Every field filled in seconds, checked, ready to sign.

7 days free, then $19.99/month · Cancel anytime

How to Fill Out TC201 Online for Free in 2026

What the AI walks you through.

  1. Navigate to Instafill.ai and search for or upload Form TC201 (Income and Expense Schedule for Rent-Producing Property) to begin filling it out online.
  2. Enter the property identification details in Part 1, including borough, block, lot number, Tax Commission group number, and indicate whether the schedule covers a condominium, multiple tax lots, or the entire tax lot.
  3. Complete Part 2 by specifying the current year reporting period (start and end dates), selecting the accounting basis (cash or accrual), and indicating whether the accounting basis has changed from the prior year.
  4. Fill in Parts 3 and 4 with residential occupancy data (number of units and monthly rent by type) and nonresidential occupancy data (square footage by floor for applicant/related, rented, and vacant space) as of January 5, 2026.
  5. If applicable, complete Part 5 with lease information, including lessor and lessee names, lease type (gross, net, or ground), term, annual rent, and answers to questions about additional sums and operating expense responsibilities.
  6. Enter prior year and current year income figures in Part 6 (covering regulated and unregulated residential, commercial categories, and ancillary income) and expense figures in Part 7 (fuel, payroll, insurance, taxes, etc.), then calculate net profit or loss in Part 8.
  7. Itemize any miscellaneous expenses in Part 9, answer the tenants' electricity questions in Part 10, review all entries for completeness and accuracy, then submit or print the completed form to attach to your Tax Commission appeal application.

Common Mistakes in Completing TC201

The ones the AI is built to catch.

Filing TC201 without attaching it to a TC200 application
Many filers submit TC201 as a standalone document, not realizing the form explicitly states it is invalid if filed separately and must be attached to an application. This results in the entire filing being rejected or disqualified by the Tax Commission. Always ensure TC201 accompanies the required TC200 application form before submission. Tools like Instafill.ai can flag this dependency and help ensure all required companion documents are included.
Reporting monthly rent instead of annual income in Parts 6–9
A very common error is entering monthly rent figures in the income sections (Parts 6–9) rather than the full annual income amounts the form requires. This dramatically understates reported income and can trigger audits or assessments based on incorrect data. Always annualize all income figures before entering them in Parts 6–9, and double-check that the totals in line l (Total Gross Income) are consistent with a full year of operations.
Omitting ancillary income sources such as parking, subsidies, or cell tower revenue
Filers frequently report only base rent and overlook ancillary income streams such as government rent subsidies, SCRIE abatements, signage/billboard income, cell tower or telecommunications equipment revenue, and operating or real estate tax escalations. The form explicitly requires ALL income from the property, whatever its source, to be reported in Parts 6–9. Omitting these amounts can constitute an incomplete filing and may result in an inaccurate assessment. Review every line in Part 6 (items j1 through j7 and k) carefully before submitting.
Entering incorrect or mismatched block and lot numbers
Applicants sometimes transpose digits or copy block and lot numbers incorrectly from their tax bills or property records, causing the filing to be associated with the wrong parcel. This can lead to processing delays, rejection, or assessment errors that are difficult to correct after the deadline. Always verify block and lot numbers against the official NYC Department of Finance property tax records or the Notice of Property Value before entering them. AI-powered tools like Instafill.ai can cross-validate these identifiers automatically.
Failing to report occupancy data as of January 5, 2026
Parts 3 and 4 require occupancy information specifically as of January 5, 2026, but many filers use a different date—such as the filing date, year-end, or the start of the reporting period—resulting in inaccurate unit counts and square footage figures. Using the wrong date can misrepresent the property's occupancy status and affect the assessed value. Always use the exact date specified (January 5, 2026) when counting residential units, classifying occupancy types, and measuring nonresidential square footage.
Incorrectly answering the condominium and multi-lot questions in Part 1
Filers often confuse sections 1a and 1b, either skipping section 1b when they should complete it (because 1a does not apply) or failing to list all block and lot numbers when the schedule covers multiple tax lots. Incomplete lot identification can cause the Tax Commission to process the filing for only one lot, leaving others unaddressed. Read the conditional logic carefully: if the property is not a condominium, answer 1b and list every block and lot covered, and check the appropriate boxes for contiguity and unit operation.
Using an incorrect or inconsistent reporting period and failing to note accounting basis changes
Many filers enter a reporting period that does not match their actual fiscal year, or they switch between cash and accrual accounting without checking 'Yes' to indicate the change from the prior period. An inconsistent reporting period makes year-over-year comparisons unreliable and may require TC309 accountant certification that the filer has not obtained. Confirm the exact start and end dates of your reporting period, select the correct accounting basis, and if the basis has changed from the prior year, mark 'Yes' and obtain TC309 if required by the instructions.
Including mortgage payments or depreciation in miscellaneous expenses (Part 9)
Part 9 explicitly instructs filers not to include mortgage payments or depreciation in the itemization of miscellaneous expenses, yet these are among the most commonly entered items. Including them inflates reported expenses, distorts the net income calculation, and can raise red flags during review. Only include legitimate operating expenses in Part 9, and ensure the total carried to Part 7 line l matches the sum of all itemized miscellaneous expenses listed.
Reporting real estate taxes after abatements rather than before
Part 7 line n specifically requires real estate taxes 'before any abatements,' but filers frequently enter the net amount they actually paid after applying J-51, 421-a, or other abatements. This understates the gross tax figure and distorts the net income calculations in Part 8. Always report the full assessed real estate tax amount before any abatements are applied, and report abatement income separately if applicable.
Leaving the nonresidential square footage section (Part 4) blank or entering totals that don't add up
Filers with mixed-use or purely residential buildings often skip Part 4 entirely or enter figures for individual floors that do not sum to the nonresidential total row. Blank or inconsistent square footage data can cause the Tax Commission to question the completeness of the filing. For each floor (3rd and above, 2nd, 1st, and basement), enter the applicant/related, rented (unrelated), and vacant square footage, and verify that the totals row equals the sum of all floor entries.
Failing to include all recurring charges in reported residential rent (Part 3)
The form asks whether reported rent includes all recurring charges such as parking, subsidies, and SCRIE abatements, and many filers answer 'Yes' without actually including those amounts in the monthly rent figures. This underreports total residential income and creates an inconsistency between Parts 3 and 6. Ensure that every recurring charge collected from tenants is reflected in the monthly rent figures in Part 3 and in the income totals in Part 6, or explain any exclusions clearly.
Providing incomplete or missing lease information in Part 5 when an arms-length lease exists
When the entire tax lot is subject to an arms-length lease, filers must complete all of Part 5, including lessor and lessee names, lease term dates, annual rent, start and end dates of the stated rent, option dates, and whether the lessor receives additional sums or pays operating expenses. Filers often leave several of these fields blank, particularly the option end dates and the specification of additional sums, which can result in an incomplete filing. If the applicant is the lessee and receives rental income, Parts 6–10 must also be completed in full.

Frequently Asked Questions About TC201

 

Is it really free for 7 days?
Yes. You pay $0 today. Cancel before Nov 20 and you are never charged. Keep it, and it is $19.99 a month for 5 fills of your TC201.
Can I fill other forms too?
This plan is for your TC201: your own AI agent fills it as often as 5 times a month. To fill other forms and upload your own, choose a Professional plan from your account.
How do I cancel?
From your account, in two clicks, any time. No email, no call.
How does the AI fill out TC201?
You answer a few questions in plain words, or upload a document you already have. The AI reads what you give it and puts each answer into the right field of TC201, on every page, in seconds. It checks the answers against the form's own rules, and you review and change anything before you download, print or sign.
What happens to my information?
It is encrypted in transit and at rest, and it is never used to train AI.
How complex is TC201 to fill out?
TC201 has a Form Complexity Index of 80 out of 100, in the very complex tier: 200 fillable fields across 2 pages. Instafill.ai's AI fills it in under a minute, with every field there for you to review before you download.
What is Form TC201 and what is it used for?
Form TC201 is the Income and Expense Schedule for Rent-Producing Property filed with the Tax Commission of the City of New York for the 2026/27 assessment year. It is used to report all income and expenses from a rent-producing property so the Tax Commission can evaluate the property's assessed value. Property owners or their representatives file this form as part of a tax assessment appeal.
Can Form TC201 be filed on its own?
No, TC201 is not valid if filed separately. It must be attached to an application (such as Form TC101 or TC105) submitted to the Tax Commission. Always read the TC201 Instructions before you begin completing the form.
Who is required to fill out Form TC201?
Owners or applicants of rent-producing properties in New York City who are filing a tax assessment appeal with the Tax Commission must complete TC201. This includes properties with residential units (regulated or unregulated), commercial spaces, or mixed-use buildings that generate rental income.
What information do I need to report in the income section (Part 6)?
You must report all income from the property, whatever its source, including regulated and unregulated residential rent, office, retail, loft, factory, warehouse, storage, and garage/parking income. You must also report ancillary income such as operating escalations, real estate tax escalations, utility sales, government rent subsidies, signage/billboard income, and cell tower/telecommunications income for both the prior year and current year.
What expenses should be listed in Part 7 of TC201?
Part 7 requires you to report operating expenses including fuel, light and power, cleaning contracts, wages and payroll, repairs and maintenance, management and administration, insurance, water and sewer, advertising, interior painting and decorating, and amortized leasing and tenant improvement costs. Real estate taxes (before any abatements) are listed separately, and miscellaneous expenses are itemized in Part 9. Note that mortgage payments and depreciation should NOT be included.
What is the reporting date for occupancy information on TC201?
Occupancy information for both residential (Part 3) and nonresidential (Part 4) sections must reflect the status as of January 5, 2026. This includes the number of units, rent amounts, and square footage for all occupied, vacant, and owner-used spaces.
Do I need to include parking charges and subsidies in the rent figures reported in Part 3?
Yes, the form specifically asks whether the rent reported includes all recurring charges such as parking, subsidies, and SCRIE abatements. All such recurring charges must be included in the monthly rent figures reported for residential units in Part 3.
What is Form TC309 and when is it required?
Form TC309 is an Accountant's Certification form that may be required along with TC201. The instructions indicate it may be needed depending on the nature of the property and the reporting period. You should review the TC201 Instructions to determine whether TC309 must be submitted with your filing.
How do I complete Part 5 (Lease Information) if my property is subject to a lease?
If the entire tax lot or land portion is subject to an arms-length lease (between unrelated parties), answer 'Y' and complete all of Part 5, including the type of lease (Gross, Net, or Ground), lessor and lessee names, lease term, annual rent, start and end dates, and whether the lessor receives additional sums or pays any operating expenses. If the applicant is the lessee and receives rental income, Parts 6 through 10 on page 2 must also be completed.
What should I do if my property covers more than one tax lot?
In Part 1, section b, answer 'Y' and enter the total number of lots covered, then list all block and lot numbers in the spaces provided. You should also indicate whether the lots are contiguous, operated as a unit, or if additional lots are listed on another page. If the property is a condominium covering all lots on Form TC109, you may skip section b.
Can I use AI tools like Instafill.ai to help fill out Form TC201?
Yes, AI-powered services like Instafill.ai can help you accurately auto-fill Form TC201 by guiding you through each field and reducing errors. This can save significant time, especially given the detailed income, expense, occupancy, and lease information required across multiple sections of the form.
How can I fill out Form TC201 online using Instafill.ai?
You can visit Instafill.ai, upload your TC201 PDF, and use the AI-assisted tool to fill in all required fields including property identification, income and expense figures, occupancy data, and lease information. The platform walks you through each section, ensuring nothing is missed before you download and submit the completed form.
What if my TC201 PDF is not fillable or is a flat scanned document?
If your TC201 PDF is a non-fillable or flat scanned form, Instafill.ai can convert it into an interactive fillable form so you can type directly into the fields. This eliminates the need to print and handwrite the form, making the process faster and more accurate.
What accounting basis options are available, and what happens if I change my accounting method?
You may report on either a Cash basis (income and expenses recognized when cash is received or paid) or an Accrual basis (income and expenses recognized when earned or incurred). If your accounting basis has changed from the prior reporting period, you must indicate 'Yes' on the form. Changing the accounting basis may affect comparability of prior and current year figures.
What information is required in Part 10 regarding tenants' electricity?
Part 10 asks two yes/no questions: whether tenants obtain electricity from the applicant or a related person, and whether there is a separate charge for electricity in addition to the rent. These answers help the Tax Commission understand how utility costs are structured and whether electricity income should be reflected elsewhere in the income schedule.
Encrypted in transit and at restNever used to train AIDelete your forms any time

Get your TC201 filled out by AI

$0 today. Cancel before Nov 20 and you pay nothing.

Other forms like this one

income forms: Form SSA-44, Medicare Income-Related Monthly Adjustment Amount - Life-Changing Event, Form 1040-X, Amended U.S. Individual Income Tax Return, Form 1040-C, U.S. Departing Alien Income Tax Return, Form 4137, Social Security and Medicare Tax on Unreported Tip Income, Form 8960, Net Investment Income Tax, Form 1042-S, Foreign Person’s U.S. Income, Form 990-T, Exempt Org Business Income Tax Return, Form 945, Annual Return of Withheld Federal Income Tax, Form 568, LLC Income Return, Form FTB 3514, California Earned Income Tax Credit, Form 1099-INT, Interest Income, Form 1120-S, U.S. Income Tax Return for an S Corporation, Form 1065, U.S. Return of Partnership Income, Form 1040, U.S. Individual Income Tax Return, Form FL-150, Income and Expense Declaration, Form 122A-1, Chapter 7 Statement of Current Monthly Income, Arizona Form 285-I, Individual Income Tax Disclosure/Representation Authorization Form, Form SSA-8000-BK, Application for Supplemental Security Income (SSI), Judicial Council of California Form FL-150, Income and Expense Declaration, Form 1120-S (2025), U.S. Income Tax Return for an S Corporation

income and expense forms: Form FL-150, Income and Expense Declaration, Judicial Council of California Form FL-150, Income and Expense Declaration, Uniform Domestic Relations Form – Affidavit 1 AFFIDAVIT OF BASIC INFORMATION, INCOME, AND EXPENSES, Loan Rehabilitation: Income and Expense Information, William D. Ford Federal Direct Loan (Direct Loan) Program/Federal Family Education Loan (FFEL) Program, Form TC201, Income and Expense Schedule for Rent Producing Properties, Form FL-141, Declaration Regarding Service of Declaration of Disclosure and Income and Expense Declaration, Form EM-115, Emancipation of Minor Income and Expense Declaration

property forms: Form GST524, GST/HST New Residential Rental Property Rebate, Form GST524, GST/HST New Residential Rental Property Rebate, Form GST524, GST/HST New Residential Rental Property Rebate, Form GST524, GST/HST New Residential Rental Property Rebate, Form GST524, GST/HST New Residential Rental Property Rebate, Form 4562, Depreciation and Amortization (Including Information on Listed Property), New licence application – Form 1–1 (IND), Application for an individual’s licence (Real estate agent, property auctioneer, resident letting agent, motor dealer, chattel auctioneer, field agent), Form 4562 (2025), Depreciation and Amortization (Including Information on Listed Property), ACORD 140 (2014/12), Property Section (Attach to ACORD 125), Florida Supreme Court Approved Family Law Form 12.901(b)(3), Petition for Dissolution of Marriage with No Dependent or Minor Child(ren) or Property (02/18), New York State Department of State (Division of Licensing Services) Property Condition Disclosure Statement (DOS-1614-f), Martial Arts Studio General Liability and Property Application (Fitness and Wellness Insurance / Philadelphia Insurance Companies) (03/2011), Washington Single-Family Property Term Lease & Security Deposit Receipt (WA Single-Family Lease) | Revised 10/08/2025, Form L-4260, Property Transfer Affidavit, Affidavit for Collection of Personal Property California Probate Code Section 13100, FARM LIABILITY / LIMITED PROPERTY - APPLICATION, DCMA Guidebook for Government Contract Property Administration, Official Form 106D, Schedule D: Creditors Who Have Claims Secured by Property, Official Form 206A/B, Schedule A/B: Assets — Real and Personal Property, Oklahoma Real Estate Commission Residential Property Condition Disclosure Exemption Form (RPCD EXEMPTION FORM)

income expense forms: Form TC201, Income and Expense Schedule for Rent Producing Properties, Form FL-150, Income and Expense Declaration, Judicial Council of California Form FL-150, Income and Expense Declaration, Uniform Domestic Relations Form – Affidavit 1 AFFIDAVIT OF BASIC INFORMATION, INCOME, AND EXPENSES, Loan Rehabilitation: Income and Expense Information, William D. Ford Federal Direct Loan (Direct Loan) Program/Federal Family Education Loan (FFEL) Program, ACORD 810, Business Income / Extra Expense / Rental Value, Form FL-141, Declaration Regarding Service of Declaration of Disclosure and Income and Expense Declaration, Form EM-115, Emancipation of Minor Income and Expense Declaration

7 days free, then $19.99/month · Cancel anytime