True/False

1) A NYS nonresident for tax purposes sells her antique furniture which she has been storing in her NYC apartment. The taxpayer moves out of NYC the day after the sale of the furniture. The gain, if any, on the sale is subject to NYS personal income taxation.

2)A taxpayer is a domiciliary of Arkansas. In January of 2018, the taxpayer is assigned to work at his employers New York office. The taxpayer moves to New York on January 15, 2018 for the purpose of being close to the NY office. On June 30, 2018, the taxpayer is offered a full time position at another New York firm which he accepts. On the next day he moves all of his belongings out of his home in Arkansas and into his home in New York. He intends to make New York his home going forward. The taxpayer cannot be a statutory resident of New York for the 2018 tax year.

3)An NYS nonresident is the sole owner of a NY corporation. The NY Corporation owns two assets, a piece of farming machinery with a fair market value of $10 million dollars and a piece of land in upstate New York with a fair market value of $2 million dollars. The nonresident sells his shares in the corporation. The gain, if any, on the sale is subject to NYS personal income taxation.

4)The taxpayer, a New Jersey domiciliary, owns a log cabin in upstate New York. The cabin is used by the taxpayer for summer vacations with his family. The taxpayer, can but chooses not to use the cabin in the winter because he prefers to vacation in warmer climate. The taxpayer works in New York City at the stock exchange every day of the year except for federal holidays and 2 weeks vacation. The taxpayer is a New York tax resident

5). In general, the source of income earned by a New York nonresident employee, who works both in and outside of New York State, is determined by the physical location of where the services were performed.