I sold a commercial building in NYS in 2005 while I was a NYS resident and held a 7-year mortgage. I paid federal and NYS income tax on the gain over three years as I received payments. When I became a GA resident in 2008, NYS sent me a bill for the remaining state taxes, which I paid. In 2012, I received the balance owed on the mortgage and will owe GA income tax for 2012. Am I correct that I should get credit for state taxes (NY) already paid on this gain, and if so, what GA form do I use to get this credit?

February 23rd, 2023

Does assessed home property value include fixtures such as a refrigerator, stove, etc.?

April 19th, 2024

Can I claim my mom, who receives Medicaid coverage through the state, as a dependent on my tax return while she continues to receive Medicaid health care insurance? She lives with me and I am paying for all her expenses.

August 30th, 2023

I need to start having Missouri state taxes withheld from my Air Force retirement pay. How can I make this change?

October 5th, 2023

I am selling a rental property I've owned for 15 years, resulting in a long-term gain of $100,000. My taxable income is less than $25,000, and I am an 86-year-old single filer. I understand the federal tax rate for long-term capital gains is 0%. Is there any North Carolina tax liability for this transaction in 2019?

September 15th, 2024