I'm selling a property in New Jersey for a profit but live in New York. How do I calculate the non-resident tax. Is the tax based on the net profit after all of the expenses such as commission, lawyer fees, transfer tax and other closing cost are deducted or is it based on gross profit.
Answer
The tax is based on the gross sales price.
Answer
get a lawyer to help you with this sale.
No comments:
Post a Comment