Hello! I am a NJ resident who has 1 condo in NYC and 2 properties in MO.
I get W2 wages from my NYC job, so I fill NYS IT-203 every year.
1) Question on NYS IT-182.
In 2020, the NYC condo had a loss. By default, Turbo tax carries ALL rental activities (NYC & MO) from Federal form 8582 to NYS form IT-182. Per instructions to NYS IT-182, this form should ONLY report NYS-sourced rental income/loss. I didn't find an option within Turbo to prevent non-NYS rental info inputted under federal part from flowing to NYS IT-182.
The only way I can do: on IT-182 worksheet for my MO properties, under part II, I can zero out line 5b amount (amount of line 5a attributable to NY sources). This way, only NYC rental info would be reported on NYS IT-182. Is this the right way to fill out NYS IT-182?
2) Am I subject to NYC tax (and/or NYC filing requirement) because of this condo? I live in NJ and I don't work for NYC city department, so I am not a NYC resident. I know NYC individual tax is a sur-charge of NYS tax, which should only apply to NYC residents. But still wanna double check. It's hard to imagine...say if I sell this condo at a gain later and nyc would not take a surcharge out of it?
Thank you!
