itonewbie
Level 15
12-06-2019
06:27 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
