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Level 1
posted Mar 28, 2025 3:09:28 PM

NYC Timeshare as Permanent Living Quarters for NY State Income Tax?

My husband and I bought into a Hilton timeshare in NYC in Nov 2024. We are told we are owners in a specific property, own shares, pay a proportioned maintenance fee, have voting rights to elect board members, receive board reports etc.  But our "ownership points" entitle us to a max stay of maybe 7-14 days in a year.  Have we "...maintained any living quarters in NYC in 2024?" to quote the Turbo Tax question.

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1 Best answer
Expert Alumni
Mar 28, 2025 3:11:38 PM

You do not maintain living quarters there for over 6 months, like a resident would.

1 Replies
Expert Alumni
Mar 28, 2025 3:11:38 PM

You do not maintain living quarters there for over 6 months, like a resident would.