| Tax Information
for First-Time Homeowners
Provides tax information
for first-time homeowners including how you treat items such as
settlement and closing costs, real estate taxes, home mortgage
interest, and repairs.
Homeowner deductions information
Itemized Deductions and
Standard Deductions explaned
1031 EXCHANGE
More commonly known as a
"Starker" exchange or "1031" exchange, this is a process where
you sell land, business or income producing property, and defer
the tax gain by purchasing another property that can be land,
business, or income producing. The idea is that, by avoiding the
tax at present, one can perhaps postpone it to a time in your
life where your income may be more advantageous
Selling
your home & capital gain
Click HERE
to know more about different types of Mortgages |
Residential
Rental Property
This publication discusses rental income
and expenses, and explains how to report them on your return.
It also covers casualty losses on rental property and the passive
activity limits and at-risk rules. This publication is designed
for those who only rent out a few residential dwelling units.
Selling Your Home
Explains the tax rules that apply when you sell
your main home. Also includes worksheets to help you figure
the adjusted basis of the home you sold, the gain (or loss) on
the sale, and the amount of the gain that you can exclude
How to report
moving expenses
Can you deduct moving
expenses? if so, which ones? Go to this link to find out.
General Overview of Investment Properties
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to go to a FREE Mortgage Calculator
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