Actually from trying to understand this from your perspective, i take it to mean that you paid this tax for the income derived from the sale of this property. This is not a real estate tax but an income tax charged to you by the State of NY. Reporting this as a property tax under itemized deductions is not correct.
Since you sold the property in New York, you will need to file a NY-State non-resident return reporting the income from the property.
- first go to the tab in my info asking if you made money in any other states. You will say yes.
- If you have already reported this sale in the federal return, you will need to allocate this income when you begin to fill out your NY state return so only this income is reflected in your NYS return.
- As you scroll through the allocation questions, you will find the capital gains income reported. This is where you indicate that this is NY based.Next to report the income tax paid for the sale of your property. here is the best way to do this since there is no other way to report.
- To report the tax paid. Go to federal>deduction and credits>see all tax breaks>estimates and other taxes paid>show more
- Estimated Tax Payments>start>state estimated tax payments>start>
When you arrive at this screen, select Additional payments at the bottom of the screen>date paid>amount.
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