How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone

… is through capital improvementsso if youve made substantial renovations to your apartment or there have been major … capital investments to your property so if you remodel your bathroom thats deductible said Asher Rubinstein a partner at … For example if you spent $100000 upgrading the bathroom or kitchen of the apartment you bought for $1000000 in 2010 …

By Brick Underground |February 10, 2025 - 1:30PM
Is my co-op maintenance tax deductible? How does this work?

… … Yes if you own in a coop building a portion but not all of your maintenance will …  He prepares financial statements for hundreds of NYC coops  Real estate taxes probably run in the 4055 percent …

By Brick Underground |February 7, 2025 - 12:30PM