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Hi I'm PDtax. I'll assist.
You would have capital gains to recognize of $6,000,000.
Your combined feed and NYS capital gains tax would be approximately
29%, or $1,740,000. That can be reduced by prepayment of the state rate.
Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.
If you prepaid the state tax, it would be deductible against the Fed. You would save 20% of the NY tax, reducing the risk tax by $106,000.