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Cuomo taxable income reported as $183,855

Gov. Andrew M. Cuomo doesn't own any real estate in New York State, but his tax filings Tuesday show he could have property interests -- or oil wells or anything for that matter -- in three Texas cities and one town in New Jersey.

The governor received royalties on investments held by an investment firm, AMG National Trust Bank, according to his federal tax filing shown to reporters Tuesday. But his aides say the governor does not have any information about the investments because they are part of a broader portfolio run on his behalf by AMG.

The governor also sold more than $700,000 in various, undisclosed short- and long-term securities, though he reported an overall net loss on those investments.

The governor reported an adjusted gross income of $183,855. He scored well -- $49,451 in interest -- with tax-free bond investments, and made two charitable donations: $10,000 to a housing group he founded years ago and $8,550 in salary he "donated" back to the state from his official gubernatorial pay of $179,000.

The governor also stopped paying New York City income taxes. Last year, he paid $6,400 to the city out of "an abundance of caution" because he stayed or had access to an apartment owned by his girlfriend for more than 183 days in 2009. In 2010, Cuomo dropped the New York City tax tab because he stayed most of the time either in Albany at the governor's mansion or at his girlfriend's upscale home in Westchester County. Cuomo lives with Sandra Lee, a television cooking show host, who still owns the Manhattan apartment.

The governor, again, reported paying no property taxes in New York State, but aides said he shares in the bills, including taxes, with Lee on her Westchester house.

The royalties payments were modest -- $1,354 -- but were unable to be fully explained by Cuomo aides. Though the IRS asked for street addresses, the investments were listed as just being in Dallas, Austin, Fort Worth and Red Bank, N.J.

The lieutenant governor, Robert Duffy, meanwhile, did well with a taxable income of $237,995 -- helped along by his state salary, a pension from his days as Rochester police chief, and $2,628 from a single day of betting the horses at a racetrack in Saratoga last summer.

email: tprecious@buffnews.com