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New York State 2009-2010 Budget Bill Taxes Nonresident Individuals on Sale of Interests in New York Real Estate Holding Entities



by Ossie Borosh
Goulston & Storrs, [incorporation phrase format]A Professional Corporation - Washington Office

Max Friedman
Goulston & Storrs, [incorporation phrase format]A Professional Corporation - New York Office

Robert S. Towsner
Goulston & Storrs, [incorporation phrase format]A Professional Corporation - Boston Office

May 15, 2009

Previously published on April 2009

New York generally taxes nonresident individuals on their income from New York sources, including income from real property located in New York, whether from operations or sale of the real property.


 

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