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View Full Version : Will i need to pay real estate earnings tax on a sale in new york?


William H
Friday, December 14th, 2007, 05:41 PM
In NY, if I sell my cooperative unit which
I purchased in May 2004 (coming up on the 4 year anniversary) will i pay a tax on the amount that I earned, capital gains, even thouh i have only lived there 3 years now.
I have had this as my primary residence for the past 3 years.