Skip Navigation
StreetEasy

Selling an apt I just purchased

Started by Arfie10
over 15 years ago
Posts: 10
Member since: Mar 2010
Discussion about
Does anyone know what the tax consequences are if you sell a co-op less than 2 years after you have purchased it?
Response by lad
over 15 years ago
Posts: 707
Member since: Apr 2009

Is the amount you'll realize from the sale, net of expenses, greater than your cost basis? In this market, I would very much doubt it. If there's no profit, then no need to worry about capital gains tax. Your building may have a flip tax, however.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Why private school?
    14 Comments
  2. Brooklyn Point
    3 Comments
  3. Doorman Strike
    37 Comments
  4. 80 Clarkson
    5 Comments
  5. Are Park Avenue and/or UES dead?
    12 Comments