NY State Capital Gains

[Robert McDowell]

We are selling our primary residence in NY state (not NYC) and I'm a little confused on how capital gains will be handled at the state level. Thy his has been our primary home since we purchased it 2.5 years ago. I'm expecting to profit around $160k on the sale. I understand the federal rules and understand my tax liability should be zero. I'm under the belief that the same would be true at the state level, but my neighbor got into my head stating it is taxed as long term cap gain in NY. I was wondering if anyone could tell me for sure. I emailed my CPA but he is out of the country until later this week so I'm not expecting a quick response from him. Thanks in advance.