3 Ways to Avoid Capital Gains Tax on Your Real Estate Transactions in New York
The state of New York imposes several taxes on capital gains, including real estate and stock market transactions. If you purchase investment properties in New York, even as an out-of-state resident, you’ll want to be aware of the capital gains tax rates in New York and how they differ from federal rates in order to avoid paying taxes twice on the same income. In this article we’ll cover the basics of how to avoid paying capital gains tax on real estate transactions in New York so that you stay compliant with both your state and IRS.
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https://www.ascpa.tax/tax-serv....ices/how-to-avoid-ca
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