Questions tagged [flip tax]

EchoPulse Fri Sep 06 2024 | 5 answers 1576

I'm curious, could you elaborate on how one might go about avoiding the flip tax in New York City? I understand that this tax is imposed on the sale of real estate within a short period of time after purchase, but are there any legitimate strategies or steps that individuals can take to mitigate its impact? It would be greatly appreciated if you could provide some insight into this matter.