Calculate your federal and New York capital gains tax liability
Calculate Your
New York Capital Gains Tax
New York taxes capital gains as ordinary income at rates up to 10.9%. NYC residents pay an additional local income tax up to 3.876%, for a combined top rate of nearly 15%.
Advertisement Space
New York Capital Gains Tax Highlights
Enter Your Investment Details
Calculate your capital gains tax for New York
📊 Enter your annual taxable income before including this capital gain. This determines your capital gains tax bracket.
📊 Choose your investment holding period
Calculator optimized for New York tax rates
Tax Calculation Results
How New York Taxes Capital Gains
New York taxes capital gains as ordinary income at rates up to 10.9%. NYC residents pay an additional local income tax up to 3.876%, for a combined top rate of nearly 15%.
2025 Tax Brackets
New York Tax Details
Tax Rate Structure
Capital gains are taxed as ordinary income using progressive tax brackets.
Key Requirements
New York Tax Strategies
- • Consider timing of asset sales for tax efficiency
- • Coordinate with federal capital gains strategies
- • Review loss harvesting opportunities
• Consult with New York tax professional for complex situations
Related Tax Services
Real Estate in New York
Real estate capital gains in New York are subject to both federal and state tax considerations:
New York Real Estate Tax Rate
Real estate capital gains in New York are taxed as ordinary income up to 14.8%.
Primary Residence
Federal Rules
New York State Rules
State tax applies to gain above federal exclusion
Must file state return if gain exceeds exclusion
Additional Requirements:
- • Follows federal IRC Section 121.
Investment Property
Tax Deferral Strategies
1031 Like-Kind Exchanges
Defer federal taxes on investment property exchanges
Transfer Costs
Transfer Tax
Local Variations:
- • NYC has its own RPTT up to 2.625%.
- • A "Mansion Tax" of 1% to 3.9% applies to residential sales over $1M.
Available Exemptions:
- • Certain family transfers.
Recording Fees
Additional Fees:
- • NYC Mortgage Recording Tax can be over 2%.
Special Deductions & Notes:
- • Depreciation must be recalculated according to state rules.
Investment & Tax Services
Property Tax Exemptions
Homestead
$0K
Maximum exemption
New York Real Estate Specifics
Supplemental Mansion Tax: 1% to 3.9% on a progressive scale (over $1000K)
NYC Real Property Transfer Tax (RPTT): Up to 2.625% (over $500K)
Mortgage Recording Tax: Varies, can exceed 2% in NYC
• New York City has some of the highest real estate transaction taxes in the world.
• The state and supplemental "mansion" taxes, plus NYC's own transfer and mortgage taxes, create a heavy tax burden on real estate.
• New York does not conform to federal bonus depreciation.
Real Estate & Investment Services
New York Filing Requirements
Due Dates
Required Forms
- • Form IT-201
- • Capital gains schedule
- • Federal Form 8949 & Schedule D
Payment Options
- • Online payment portal
- • Electronic funds transfer
- • Check or money order
Tax Professional Services
Compare New York to Other States
Tax Calculation Results
Advertisement
Advertisement Space