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Level 2
posted Nov 26, 2025 1:44:00 PM

Sale of Second Home

I sold a house in 2025 in NY - not my principal residence.

I know I will owe a good deal of capital gains tax on my federal tax return.  I have been sending advanced payments so I won't be hit with an underpayment penalty.

Does NY have a similar underpayment penalty?  I am considered a part time (80 days/year) resident there

 

 

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1 Best answer
Level 15
Nov 26, 2025 4:45:19 PM
1 Replies
Level 15
Nov 26, 2025 4:45:19 PM