Posts tagged New York State

For real estate investors, the 1031 exchange is a powerful tool for managing tax liability when selling and purchasing investment properties.

Real Estate AdviceKanen LawNovember 13, 2017Apartment, Business, Capital gains tax, Closing Attorney, Co-op, Condominium, Contract, Internal Revenue Code section 1031, Investment, Legal, New York City, New York State, NYC Apartment, NYC Real Estate, Qualified intermediary, Real estate, Real property

What's up with New York's Mansion Tax?

The “Mansion Tax” is a New York State tax imposed on the purchase of residential property for $1 million or more, excluding the sale of personal property and most closing costs.