How capital gains tax works on Hamptons property sales, and where a 1031 exchange, Section 121 exclusion, or other strategy can change the outcome.
When a Hamptons primary residence sale actually owes capital gains tax, how the Section 121 exclusion works here, and what changes if it was ever rented.
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Why a Montauk rental cottage held through years of value swings produces a bigger Section 1250 recapture bill than owners plan for, and how to defer it.
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Why timing a Hamptons sale around the summer closing calendar, and stacking CPF costs into the math, changes how much capital gains relief actually applies.
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How an East End estate parcel gets valued at date of death, why summer closing-attorney backlogs slow probate sales, and what heirs owe on an appraised gain.
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How capital gains tax hits an East End investment property at sale, why New York taxes the gain as ordinary income, and how deferral changes the math.
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Why the capital gains bill on an East End summer rental is usually bigger than owners expect, how depreciation raises the taxable gain, and the deferral option.
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Village by village, why a Southampton or Montauk summer house owes full capital gains tax at sale, how the CPF transfer tax stacks on a replacement, and what qualifies for deferral.
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Which East End property actually qualifies as a primary residence for the Section 121 exclusion, the two-of-five-year test, and where seasonal rental use cuts in.
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