In which of the following corporations will have nexus with New York State?

A limited partner in a NY partnership that owns a .5% interest in the partnership and has a basis of $800,000 and the partnership has NY receipts in excess of $10 million.

A general partner in a NY partnership has a basis of $800,000 in the partnership and the NY partnership has NY receipts of $500,000 

A limited partner in a NY partnership that owns a .5% interest in the partnership and has a basis of $800,000 and the corporation itself has NY receipts of $400,000 and the partnership has NY receipts of $500,000.

A general partner in an NJ partnership where the partnership sells $2 million in NY Receipts from the sale of tangible personal property into NYS but does not have any other connection with NYS. All orders are approved out of NYS and delivered to NYS from outside of NYS.

Answer rating: 100% (QA)

On June 24 2019 the New York Governor signed SB 6615 which raised the states economic nexus threshol... View the full answer