I'm filling out a form IT-2663 for NYS real estate tax. What are the guidelines for what can and cannot be deducted as 'closing costs' and 'improvements'? Can I deduct refinance fees? Also, if I'm selling the house now but will be married by the time I'm filing my taxes, should I use the $250K deduction on profit, or the $500K deduction? If I pay taxes on the sale of this NY property while living in California, will I need to pay CA taxes on the sale as well?

August 17th, 2023

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