New York Capital Gains Tax Calculator
Calculate your capital gains tax liability in New York. New York taxes capital gains at rates up to 10.9%, plus federal taxes.
Original purchase price
Renovations, additions — added to your basis
Agent commissions, closing costs, title & transfer fees
Total Tax
$55,600
27.8% effective rate
Capital Gain
$200,000
Tax Breakdown
Sale price minus selling costs and all taxes (before any mortgage payoff).
Federal
$33,800
NY State
$21,800
Effective Rate
27.8%
New York Capital Gains Tax
New York taxes capital gains as ordinary income. NYC adds up to 3.876% more.
Long-term: Taxed as ordinary income
Short-term: Taxed as ordinary income
NIIT Applied
The 3.8% Net Investment Income Tax applies because your income exceeds $200,000.
New York Capital Gains Tax Details
Tax Treatment
Tax Type
Taxed as ordinary income
Maximum Rate
10.9%
Available Exemptions
- Federal home-sale exclusion ($250K single / $500K married filing jointly) flows through to the New York return
- Partial QSB stock exclusion
- Selling costs and capital improvements reduce the taxable gain
New York Capital Gains Tax FAQ
Official References
- IRS Topic 409: Capital Gains and Losses
Federal capital gains tax guidance
- IRS Publication 523: Selling Your Home
$250K / $500K home-sale exclusion, basis adjustments, and selling expenses
This calculator provides estimates. Consult a tax professional for advice specific to your situation in New York.