I live in NJ and work in NY, so when doing my NY nonresident state taxes, I was prompted with the question "Were all of your wages and/or your self-employment income earned in NYS?". After clicking yes it asked me to enter my New York Income Allocation of interest income & capital gains/losses. I left 0 because those were from banking interest & stocks, but then it's asking me if I "allocated my income to New York based on the volume of business transacted" and "Do you need to fill out the nonresident business allocation schedule to allocate New York State Business Income". I clicked no to both because I'm not sure if I need any of that since I am just an employee working in NYS and I do not own a business.
My questions, 1. Am I doing this right so far? I work a normal salary job in NYS, but live in NJ. Have stocks, retirement funds, bank savings accounts.
2. How would I know if I need to fill out a nonresident business allocation schedule?
