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<< Thanks for the info. I exercised in late 1999 so I will have to submit a NY return to get the money back. I was also told that I should submit a NY return with $0 as income and show only the taxes paid. The refund would then be for the total tax withheld. Is this the correct way to go? >>

Assuming that you had no NY taxable income, yes. You may want to check with them to see if they have a special form for this purpose. DC had one, since there was so much erroneous withholding based on employers' (usually the Federal government) erroneous assumption of residence.

Phil Marti
Tax Preparer
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