![]() New York qualified terminal interest property election intangible personal property employed in a business, trade, or profession carried on in New York State.real or tangible personal property having an actual location in New York State, or.New York State nonresidents: Only add back gifts if, at the time of the decedent's death, they were: is real or tangible property having an actual situs outside New York State at the time the gift was made.įor estates of decedents dying on or after January 1, 2019, and before January 16, 2019, there is no addback of taxable gifts.was made between January 1, 2019, and Januor.was made while the decedent was a nonresident.However, the estate does not need to add back a gift if it: not already included in the decedent's federal gross estate.made during the three-year period that ends on the decedent's date of death, and.Under § 2503 of the Internal Revenue Code (IRC), the estate must add back any taxable gift: the amount of the nonresident's federal gross estate, plus the amount of any includible gifts exceeds the basic exclusion amount.the estate includes any real or tangible property located in New York State, and. ![]() The estate of a New York State nonresident must file a New York State estate tax return if: the amount of the resident's federal gross estate, plus.The estate of a New York State resident must file a New York State estate tax return if the following exceeds the basic exclusion amount: ![]()
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