I live full time in PA. In 2021 I sold property in New York State. At closing I was required to pay the NYS 10.9% capital gains tax. When I filled out the Federal return I declared the land sale, and there was a field for "State Tax Withheld", where I entered the capital gains tax I paid. All seemed fine. Then got to the New York non-resident return. Went through the whole interview with no issues. Got to the end and I don't understand what TurboTax is doing. What seems to be happening is TurboTax is calculating my NYS tax due based on my Federal AGI. It then multiplies that amount by a "New York Income Factor", which is basically a ration of New York capital gains divided by my Federal AGI. In the end it's telling me I'm due back about 1/2 of the capital gains tax I paid (which is a good thing); I just don't understand why it's calculating it the way it is. I've gone over the NY IT-203 form multiple times, and can't make sense of it. The only entry in the NY column is the capital gains on the land I sold. Can anyone shed some light on this
