TransWikia.com

How do I reflect Stock Profit and Dividend in New York State Tax 2020

Personal Finance & Money Asked on May 23, 2021

Please help me

  1. I googled how to reflect stock profit and dividends for New York State tax, but it led me to New York State tax website I was unable to understand.

  2. Few days ago I called New York State tax. The gentleman put me on hold. When he returned, he said his Supervisor said I should ask IRS.

  3. Today I called New York State tax. The gentleman put me on hold. When he returned, he said I should report it to the IRS taxes, then New York will be informed.

I am really confused. Before I call IRS or anyone else, can you tell me what I am overlooking? Thank you kindly.

One Answer

Like many state income tax forms, New York's IT-201 relies heavily on your federal tax return. Lines 3 and 7 of this form deal with dividends and capital gains.

You may wish to use tax software to make things easier. New York has some "Free File" software partners listed here.

Correct answer by Orange Coast- reinstate Monica on May 23, 2021

Add your own answers!

Ask a Question

Get help from others!

© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP