NJ resident work in NYC - need help for filing estimate tax

Question

Dec 19, 2005, 09:30 AM

charx

New Member

Join Date: Dec 2005

Posts: 1

NJ resident work in NYC - need help for filing estimate tax

I am a resident of New Jersey and work in New York City.
I have some realized capital gain from stock trading.
Where should I file state estimate tax? to NYC or NJ ?

I also have some income from NJ in the first 3 months in 2005.
can I file my estimate tax to NJ to avoid higher rate in NY this year?

thanks

charx

Answers

Dec 19, 2005, 12:14 PM	#2

AtlantaTaxExpert

Senior Tax Expert

Join Date: Feb 2005

Location: Atlanta, Georgia

Posts: 13,323

Charx:

I really cannot answer your question without getting actual figures.

I need to know:

- How much is the accumulated capital gains from the stock trading?
- How much was the NJ income? How much NJ income taxes were withheld?
- How much was the NY income? How much NY income taxes were withheld?

Further, I need to know marital status, whether you own a house (paying mortgage and real estate taxes), and number of children.

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