Where does Payment of Non Resident taxes for N.Y go paid with N.Y. It2663 and do i also owe income tax to N..Y. if I reside in Alabama
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You will enter the New York IT 2663 as an Estimated Payment. (See below). You will have to pay New York nonresident tax on the transaction. You will also have to report the sale on your Alabama resident tax return. but you will be able to take a credit for any taxes paid to New York so you will not be double taxed,
I was of the understanding that estimated taxes paid with N.Y. It2663 was a user tax for non residents and would not apply to the N. Y. Income tax when I apply it to estimates it gives me a partial refund of that money and uses part of it for N.Y. Income taxes. Therefore I am baffled how to apply it to my taxes. I paid a rate of .08825 on profit when the deed was recorded.
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