Solved: We sold a house in NY with a capital gain and paid estimated NY nonresidential income taxes. Should we file a NY nonresidential tax return? This was our only NY income?
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We sold a house in NY with a capital gain and paid estimated NY nonresidential income taxes. Should we file a NY nonresidential tax return? This was our only NY income?

This was not a primary residence.
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Level 15

We sold a house in NY with a capital gain and paid estimated NY nonresidential income taxes. Should we file a NY nonresidential tax return? This was our only NY income?

You must file the return to calculate the actual tax owed, and either pay more or get a refund.  Paying the estimate is not the same as filing the complete return.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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Level 15

We sold a house in NY with a capital gain and paid estimated NY nonresidential income taxes. Should we file a NY nonresidential tax return? This was our only NY income?

You must file the return to calculate the actual tax owed, and either pay more or get a refund.  Paying the estimate is not the same as filing the complete return.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

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