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    darkrose00's Avatar
    darkrose00 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 20, 2006, 08:25 AM
    New York & New Jersey Taxes
    I disparately need help w/ taxes this year!

    I just bought a house in New Jersey and have been living there since October of '05. Before that I have been renting in Queens NY.
    I work in NY as well.
    I am trying to avoid filling out dual state tax forms...
    What forms do I need to fill out?
    Do I have to do NY State AND NY City?
    What about NJ, can I avoid paying for that for 2005 since I didn't make a first mortgage payment until December?
    It's so confusing.. all these stupid forms.
    Please help!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 20, 2006, 10:31 AM
    DarkRose:

    Yes, you have to file tax returns for both NJ and NY. You will pay the NY taxes, but NJ will give you a dollar-for-dollar credit for those NY taxes.

    The result is that you should owe ZERO NJ taxes (in fact, you should get a small refund from NJ).

    If you find it all too much to deal with, contact me at [email protected] and we can discuss you having me doing the returns for you.
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