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Q: Is inherited money taxable in New York State?
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Are executor fees taxable in New York state?

They are income for the executor. Yes, they are taxable.


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New York City taxable income is based on New York State taxable income, which taxes capital gains as ordinary income. Therefore, yes, NYC taxes capital gains.


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If your spouse inherits money during your marriage in New York state and he files for divorce are you entitled to any of the inherited money?

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Do New York State residents have to pay New York State capital gains tax on sale of an out of state property inherited 30 years ago?

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