Legal Question in Business Law in New York
I live in Florida, but own income property in NY state. Do I have to pay State Income tax in NY?
Asked on 4/13/13, 8:54 am
2 Answers from Attorneys
SHAHRIAR KASHANIAN
LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,
You pay income tax on property revenues in the State where it is located.
Answered on 4/13/13, 9:00 am
Walter LeVine
Walter D. LeVine, Esq.
Yes, since the property generates income in NY, you must pay NY income taxes on the net rental income. File return as a non-resident.
Answered on 4/14/13, 9:42 am
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