Capital gains and tax guides for New York City property owners selling a rental, second home, or inherited property.
What a New York City landlord actually owes when a rental sells: federal and state gain, depreciation recapture, local transfer taxes, and deferral options.
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How capital gains tax applies to New York City investment property, how it differs from a primary-residence sale, and what options exist to reduce or defer it.
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How New York City property owners can legally reduce or defer capital gains tax on a sale, including the primary-residence exclusion, basis planning, and 1031 exchanges.
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How depreciation recapture is calculated when a New York City rental or commercial property sells, why it is taxed separately, and how to defer it.
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What New York City homeowners owe in capital gains tax when a house, co-op, or condo sells, including the residency test, exclusion limits, and record-keeping.
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How the Section 121 exclusion works for New York City homeowners, who qualifies, how much gain it shelters, and what happens above the limit.
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How capital gains tax applies to a second home or vacation property owned by a New York City resident, and why it is treated differently than a main residence.
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How stepped-up basis works for inherited New York City real estate, why heirs usually owe little tax on an immediate sale, and when a 1031 exchange still matters.
ExploreShare the dates, property details, and open questions for your New York City exchange.
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