Purchased Home in another state and before residency...How do you handle mortgage interest for part year resident?

jessicamvaughn · ‎April 17, 2023

Hi all,

I was renting in NYC, bought a home in VA in April, but didn't leave NYC until June. Do I need to claim a portion of the mortgage interest on my NY State filing for the April-June period?

Thanks!

DianeW777 · ‎April 17, 2023

It depends. You can include a portion of your home mortgage interest during your New York (NY) residency period, if you choose to do that and you choose to itemize on your NY income tax return.

NY Instructions IT-196

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Purchased Home in another state and before residency...How do you handle mortgage interest for part year resident?