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R
robhenault
April 2, 2023
Question

Long Term Capital Gains Distributions

  • April 2, 2023
  • 1 reply
  • 0 views
I lived in MA for the first half of the year and NY for the second half. I received a long-term capital gain distribution from a mutual fund in December. Is this distribution entirely taxable by NY, or is it 50/50 between MA and NY?

1 reply

rjs
rjs
Employee
April 2, 2023

The distribution is entirely New York income. Investment income is considered to be from the state that you live in when you receive it.

 

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