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Investors & landlords
Even though you didn't take depreciation, you were entitled to do so, so now that amount has to be recaptured for tax sake. (If you didn't, you can amend your 2016 return to include it, as it will likely get you some refund back). It was only one year, though, so it likely won't have an effect on your return. With the Federal result, however, you can have that transferred to a NY Nonresident return. The depreciation recapture from the sale of the home is the only item that would be taxable in NY. If there is a tax liability, you will need to file and pay the tax. If there's not, you will not be required to file but may choose to do so just so that NY doesn't come asking questions later. If you see the FAQ that is embedded in my answer, this will certainly help you to enter into TurboTax.
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‎June 4, 2019
8:51 PM