Another Reason Not To Live in New York

Reading the Wall Street Journal today, I came upon an interesting article regarding a recent tax case in New York State. It seems that an administrative law judge has found that "vacation homes" in the state are de facto evidence that the homeowner is a resident of New York, regardless of how much time that vacation home owner spends in New York! That means that the out of state home owner is liable for New York income taxes, even if the home owner has not stepped into the home all year! Solution: Sell your New York cottage and buy a winter home in Tucson. No tax penalty here (yet!)