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We purchased a Co-Op Apartment in Brooklyn, NY, in December,
We purchased a Co-Op Apartment in Brooklyn, NY, in December, 1990, for $65K and lived there until January 2016, when we moved in with my parents to assist them because of their failing health. We have… read more
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selling a co-op with basis of $25,000 for gross $650,000 (went private 5 years ago) owned more than 20 years. Co-op management charges 45% flip tax on 1st sale. I cap gains on entire sale proceeds or … read more
emc011075
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Am trying to calculate term capital gains on a stock sale as
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I will be inheriting my aunts coop in NYC she paid $30,000
I will be inheriting my aunts coop in NYC she paid $30,000 for it in 1999 its worth about $500,000 now. I wanted to know the best way to handle it as far as taxes for me and her estate I am handling. … read more
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How to minimize a NYC rent stabilized lease buyout, when the money will be used as a down payment for a co-op. I'm pretty sure this will be capital gains tax (32.7%) and maybe even a transfer tax. … read more
Lev
Lev
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I live in Georgia. I bought a co-op apartment in nyc in
I live in Georgia . I bought a co-op apartment in nyc in 2017. My daughter lives there and she pays the amount of the maintenance fee as her “rent”. I have an extension to file my 2017 taxes until Oct… read more
Robin D.
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Vocational, Technical or Trade School
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I am selling my Brooklyn co op apartment after 5 years,
I am selling my Brooklyn co op apartment after 5 years, after renting it out for the last two. What type of taxes will I need to pay? Also, there is a chance I am moving from the state before I sell. … read more
emc011075
emc011075
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I'm looking to sell my New York City Co-Op (~$620,000) and
I'm looking to sell my New York City Co-Op (~$620,000) and move/purchase home in FL (~$125,000) in 2019 and need to know what major issues I should be aware of … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
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My parents and I are selling a NYC co-op for 145K. I have a
My parents and I are selling a NYC co-op for 145K. I have a 33.3% interest and they 66.6%. I am A NYC resident and they are non-residents(Canadians). Are there any NYS capital gains witholding require… read more
Robin D.
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Vocational, Technical or Trade School
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Do I have to pay captial gains tax on a Co-op? -It was given
Do I have to pay captial gains tax on a Co-op? -It was given to me by my parents. -It is now my primary residence. -I want to sell it to buy another co-op that will be my primary residence. -I have li… read more
Stephen G.
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Bachelor's Degree
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I bought an individual medallion 1974 ,000and now since I
I bought an individual medallion 1974 for 30,000and now since I wifi move to Greece I am selling it cheaper 400,000. My question is what do I pay for 370,000 in capital gains in city taxes? And please… read more
Lev
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I moved out from a New York State limited equity co-op apartment
I moved out from a New York State limited equity co-op apartment after 8 1/2 years. I received a refund of my original equity and what the co-op called amortization credit of about $500 for each of my… read more
Robin D.
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This is a tax law question. I own a co-op apartment in which
This is a tax law question. I own a co-op apartment in which I live located in New York City. I bought it years ago, so it has appreciated a lot in value. I would like to sell it, and buy a less expen… read more
Megan C
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My friend has not lived in her New York City Coop for over
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CGCPA
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I am selling a coop in NY state--that is not my primary residence.
I am selling a coop in NY state--that is not my primary residence. Can I claim my share of the capital improvements of the co-op against my capital gains?… read more
Richard
Richard
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I live in Colorado and selling a co-op in new york city. I
I live in Colorado and selling a co-op in new york city. I understand I pay a 6.1 percent non resident capital gains tax. It would only be a questimate to fill out a New York tax form befroe closing (… read more
CGCPA
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9 UNIT APARTMENT HOUSE CONVERTING TO CO-OP, TWO UNITS ...
9 UNIT APARTMENT HOUSE CONVERTING TO CO-OP, TWO UNITS "SOLD" (SHARES PURCHASED). HOW DOES THE OWNER REPORT THIS TRANSACTION, AS A SALE, A CAPITAL INVESTMENT?… read more
Ed Johnson
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I am a Florida resident and am in the process of selling a ...
I am a Florida resident and am in the process of selling a co-op apartment in New York City. Am I subject to a capital gains tax on the sale of my shares in the co=op. If so, when did this law bewcome… read more
Lev
Lev
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