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Get your taxes done using TurboTax
Hi. I need some more guidance on this issue as I cannot figure out from the TT interview how to correctly input the sale and loss information on the NY 203 non-resident form for sale of NYS land by a non-resident. For sake of example, hypothetical land purchase in NYS 10 years ago by non-resident at 100k sold in 2021 for 60k (40k long term loss). The 40k loss is reported on 2021 federal return and the 3k/year carryover loss on 2021 federal return includes a $100 long term 2020 carryover loss from another investment. NY interview questions ask about NY W-2 and business income for non-residents (which is zero) and then shows federal capital gains -3000 asking for NY portion. Is NY portion $2900? Where do you put in the 1099s sale information and purchase price, etc.? Please advise. Thank you.