Do I have to pay New York capital gains taxes even though I've moved to Florida?

… forty years in my Upper East Side apartment I received a buyout this year from a firm that wants to develop the … still have to pay New York State capital gains taxes on the buyout if Ive been a Florida resident for over half a year … … skipping town as soon as the ink dried on their buyouts But look on the bright side as weve written …

By Virginia K. Smith |September 14, 2015 - 1:59PM
Strategies to survive a rental to condo conversion (or at least walk away with a big buyout)

… tenants  used  to get first dibs on insider offers to buy new units for as low as 50 percent of the market rate … company And if your management company is offering buyouts dont accept less than your apartment is really worth One renter interviewed by the paper wisely declined buyouts of both $250000 and $1 million for her spot in a …

By Virginia K. Smith |March 20, 2015 - 12:59PM
Yes, you can have a $10/month, 50-year lease in NYC—technically, anyway

… to purchase while fighting a lease both the seller and the buyer believed to be invalid Even though the lease wasnt … always end in settlements the lawyers say with the landlord buying the tenant out of their lease Thats likely how things … been in place Lets hope she factored the cost of a major buyout into the purchase Related   Landlord wants to buy you …

By Virginia K. Smith |November 11, 2014 - 11:59AM
How is the buyout of a rent-stabilized apartment taxed?

… Q Im in preliminary talks with my landlord about a buyout of my rentstabilized apartment Ive read different … on your income you could wind up paying more if the buyout is considered regular income versus capital gains … of a contractwhich is essentially what youre doing in a buyout situationare recognized as capital gains not income …

By Leigh Kamping-Carder |October 27, 2014 - 1:59PM
Your rental building's going condo. Now what?

… theyd pay on the open market says real estate attorney and buyout expert Steven Wagner of Wagner Berkow   Heres how the … its in the developers best interest to convince renters to buy and avoid delays during the project The expense is not … Wagner says But battles can crop up as some decide to buy and others to keep renting  Banding together will often …

By Leigh Kamping-Carder |April 25, 2014 - 11:59AM
What's a buyout really worth? Use this calculator to figure it out

… For rentstabilized tenants a buyout offer from your landlord is like hitting the … Alliance a tenants rights group has put together a handy buyout calculator which the New York Times spotted this weekend that lets you calculate how many months of buying or owning youd be able to afford with your …

By Leigh Kamping-Carder |April 7, 2014 - 11:59AM
Lessons from the $17 million buyout of a rent-stabilized apartment

… are finding a rentstablized apartment and getting a hefty buyout for said apartment Reclusive New Yorker Herb Sukenik managed both  The storyconsidered to be the largest buyout in NYC history is chronicled in real estate … compiled a list of  what to keep in mind when negotiating a buyout of your rental  among them 1 … Use your age to your …

By Lucy Cohen Blatter |March 3, 2014 - 11:30AM