Another technique to reduce capital gains tax on real estate in New York is to consider holding the property for a longer period of time. Long-term capital gains, which are gains from assets held for more than a year, are taxed at a lower rate than short-term gains. Additionally, by holding the property for a longer time, you may be able to take advantage of any appreciation in value, which can offset the capital gains tax you will owe when you eventually sell the property. Read more https://www.ascpa.tax/tax-services/how-to-avoid-capital-gains-tax-in-new-york-state/