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Level 2
January 31, 2026
Solved

Second home sale

  • January 31, 2026
  • 2 replies
  • 45 views

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?

    Best answer by pk_

    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
    January 31, 2026

    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
    February 3, 2026

    Thanks!