GraceNY Posted February 26, 2008 Report Share Posted February 26, 2008 Taxpayer was granted stock options by her employer while he was living and working in NYS. Taxpayer is now a resident of Texas (moved there permanently in 2005). Exercised and sold those stock options in 2007. From my reading, it looks like he has to report the income as a non-resident of NYS (Form IT-203)? Those options were "derived from NY sources." If he had only exercised and NOT sold the options, then only the income from the exercise would be NYS source income reportable on the IT-203, not the later capital gain? Am I correct in my understanding? Thank you in advance for all those who reply... Grace Quote Link to comment Share on other sites More sharing options...
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