sleepydragon Posted September 4, 2020 Share Posted September 4, 2020 For the NYC real estate gurus here, wondering if any of you have some advice on this? I would like to buy an apt in NYC for my parents to live in. Unfortunately they are too poor to afford it and couldn’t get a mortgage, so I have to buy it. The problem is I live in CT but work in NYC. Apparently New York State has this stupid law saying if you “have access to” an apt in New York AND if you enter the boarder by more than 180 days per year, then you have to pay resident taxes (NY state and NYC city taxes). Even if you don’t sleep in NYC for a single night, you will get audited and will go a significant length to proof it (for example, show a GPS tracked location logs etc..) So my question is how I can buy a second apt in NYC, which I hope to use it occasionally myself (as guest to my parents), without being seen as a resident? Thanks! Link to comment Share on other sites More sharing options...
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