This sale needs to be reported on your federal return.It will transfer over to your Nonresident NY return, and the Estimated Tax Payments that you paid on the NYS IT-2663 will show as a credit.
In the Federal section:
- Report this as Investment income, under Stocks, Mutual Funds, Bonds, Other.
- Say that you did sell investments in 2017, and you did not receive a 1099-B.
- Under Choose the type of investment you sold, select Everything Else.
- On the next screen, you could describe the property as “House”, and enter the net proceeds and the date of sale.
- On the next screen, check that you acquired the property as an inheritance, or as a gift, or whatever the circumstances were. If you inherited the property, your cost basis in the property is the Fair Market Value as of the Date of Death. If this was a gift, your cost basis is the cost basis of the giver.
- Continue through the prompts.
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