Ask Experts Questions for FREE Help !
    Costanjo's Avatar
    Costanjo Posts: 1, Reputation: 1
    New Member

    Nov 6, 2006, 12:47 PM
    Real Estate
    I'm retired and I'm a resident of Florida I live in Florida for 7 months a year and 5 months in New York. I have real estate in New York. Do I have to pay New York State income tax?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man

    Nov 6, 2006, 01:04 PM
    Do you earn income in NY? This should be posted in the Tax forum.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert

    Nov 6, 2006, 07:56 PM
    If you live 5 months in New York, New York will want to tax 5/12ths of your income as a part-year resident.

    Of course, if you do not have any NY-based income, they may not know you are there.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Where is the best Real Estate market? [ 4 Answers ]

Where is the best real estate market in the United States or World to invest?

Real Estate [ 3 Answers ]

Does any one here know about real estate. I'm wondering which aspect of the whole career is best as in buying a house fixing it up and selling or going through companies. Or if they are two totally different things in all. Just any info would be appreciated. Thanks

Real Estate [ 7 Answers ]

We Are Selling Our Home Which Has Two Separate Properties. The People Who Want To Buy Both Properties Put In A Contract. Now They Wish To Divide To Two Contracts One For Each Property. Please Note That Both Properties Are Separately Addressed And Separately Deeded. If We Agree To This Are They...

Real Estate Laws [ 3 Answers ]

If A rental property comes with appliances, who is responsible if the appliance stop working properly. The tenant or the renter? :confused:

Real Estate [ 1 Answers ]

Hi: How do I find out whether a real estate broker is licensed?

View more questions Search