vgbo
Level 1
12-06-2019
06:27 PM
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Best Answer Click here
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itonewbie
Level 15
12-06-2019
06:27 PM
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NYC's authority to impose personal income tax is granted by NYS and only on tax residents of the city, in accordance with Tax Law §1301. In other words, if your client is a NR of NYC, no NYC tax should be payable on the capital gain.
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