A taxpayer moves from New York to New Jersey and in doing so, becomes a...
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Accounting
A taxpayer moves from New York to New Jersey and in doing so, becomes a domiciliary of New Jersey. The taxpayer takes all of his property with him during the move to New Jersey. Three years after the move to New Jersey, he returns to New York several times to sell several pieces of artwork that were historically kept in his home in New York prior to his move to New Jersey. The income earned from these sales would be sourced to New York.
TRUE OR FALSE? WHY?
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