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Level 4
December 8, 2020
Solved

NYC Rental Income

  • December 8, 2020
  • 2 replies
  • 10 views

How do I report Income From New York City Rental Property. Client is a NY resident not NYC Resident. 

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Best answer by itonewbie

If this is Sch E income on an individual client's return, the income is only taxable to NYS and not NYC.

2 replies

itonewbie
itonewbieAnswer
Level 15
December 8, 2020

If this is Sch E income on an individual client's return, the income is only taxable to NYS and not NYC.

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larryzfpAuthor
Level 4
December 8, 2020

Yes schedule E. Thank you.