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harvman100
Apr 8, 2007, 11:10 PM
I have a friend who is a part year resident of NYC. He rents an apt for about 3 months of the year.

He has income from an Scorp whose rental income is based in NYC.

Is this taxable in NYC and if yes- where do you report it?

THanks

Clough
Apr 8, 2007, 11:44 PM
Perhaps information you find on the following sites will be of use to you. I hope that it is.

Income Tax Nonresident Forms (Current Year) (http://www.tax.state.ny.us/forms/income_nonresident_forms.htm)

www.tax.state.ny.us/pdf/2004/fillin/wt/it2104_1_704_fill_in.pdf

Withholding Tax Forms 2006 - Current Period (http://www.nystax.gov/forms/withholding_cur_forms.htm)

www.nystax.gov/pdf/1999/fillin/inc/nyc203_1999_fill_in.pdf

AtlantaTaxExpert
Apr 17, 2007, 11:12 AM
Yes, it IS taxable.

Not sure where to report it, however.