The unit I sold beginning of 2019 got the 2019/2020 Coop Abatement but when it was disbursed to the unit, I was no longer a shareholder. The buyer received the credit.
I read articles and answers about the Coop Abatement on this site and found the following:
the abatement doesn't belong to the co-op. It's one of the few things that actually belongs to the individual shareholders.
I have a copy of the benefit letter that was sent from DOF to the coop. My name was listed as the Owner.
Can I claim the abatement is mine even though I’m no longer the shareholder.
The management said the abatement stays with the unit hence the new shareholder.
Incidentally the new shareholder would not be eligible to receive it by definition. Nor will they be next tax year because of sale date.
If this is correct, do you know of any legal precedent that we can refer to?
Coop bylaws makes no mention of a case like this.
Thank you for any advice you can give.
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