Thank you for the quick response. Yes I agree the property will be taxed for New York purposes. Even if you were a Florida resident and you sold property in NY you would be taxed in New York. Now the CT issue. I am pretty sure that as a military person stationed in a particular state the state does not have the authority to tax you on the sale of the NY property so long as you have kept NY as your Primary residence. I will just double check for CT to make sure.
Got it....you are not subject to CT tax. I have attached a link. Please go to page 8 of the tax form instructions.
On another note, How did you get my name to specifically request me. Just curious.
If in the property was transferred to you by deed just prior to her death the property should have been included in her estate. This being the case you will get a step up in basis to the FMV at time of death or the alternate valuation date 6 months after.
If that be the case, at the time of her demise, her estate would have passed, by law, to my father who is surviving. The property "sale" was accomplished in an attempt to protect if from the state should my parents have required long-term care (medicade). Perhaps a better question is what do I have to have lined up to warrent the step-up?
I will have to look at the deed that was executed and see if a 706 or a 709 was accomplished and hash this out w/ the lawyers and my CPA. Ah well - the research continues.
Mr. Revels, I thank you very much for your time and effort. God Bless.