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Level 2
Jan 31, 2026 8:59 PM UTC
Solved

Second home sale

Sold a second home in the state of VT and paid $13K to the state of VT as non-resident state tax.  As a full time resident in NYS, will I owe NYS taxes in sale of this second home located  in VT?

    pk_Answer
    Level 15
    Jan 31, 2026 9:19 PM UTC

    Expert Reviewed

    In general, your resident state taxes you on World income and will give you credit for taxes paid to another state.  So this sale/ transaction will require filing in both states ( Non-Resident state  and Resident State).

     

    Does this make sense ?

    @Pschery 

    2 replies

    pk_Level 15Answer
    Level 15
    Jan 31, 2026 9:19 PM UTC

    Expert Reviewed

    In general, your resident state taxes you on World income and will give you credit for taxes paid to another state.  So this sale/ transaction will require filing in both states ( Non-Resident state  and Resident State).

     

    Does this make sense ?

    @Pschery 

    PscheryAuthor
    Level 2
    Feb 3, 2026 1:33 PM UTC

    Thanks!