Hemi asked:
A friend of mine said that her and her husband do it and are able to cover the second payment due for the real estate taxes. If this is so then how do you go about doing it?
Jacksonville Beach Fl Real Estate
rotkark asked:
I bought a new house in 2008. Where can I find the amount of real estate taxes that I must have paid on settlement to seller or to the bank for which I can get a tax deduction?
San Diego Properties
Tim N asked:
From my understanding if I make 100k as a single person, I pay 28% federal tax, plus state, plus medicare etc with a W2. What about if I make 100k in passive income from several real estate properties. How much taxes will I pay? What is the difference?
Thank you! Basically, what is [...]
Jennifer asked:
I know you put these expenses on Schedule A to itemize deductions. But where do you exactly place them on Schedule A? On line 6A of Real Estate Taxes OR line 7A3 Personal Property Taxes?
San Diego Short Sales
c_patching asked:
For 2007 are real estate classes deductable?
By Owner Real Estate
victoria asked:
Could you deduct a gun if you were a female Real estate agent and you did open houses in empty homes? Since several women have been attacked in this situation?
I live in Colorado. I do have a permit to carry “concealed” weapon. So my clients would not SEE the weapon.
Auburn [...]
Carissa B asked:
Recently bought a house in California, but am relocating for a job to another state. Because the real estate market is down, I will be taking a loss on my house. Is this tax deductible?
Vacation Rental Directory
supermoren02130 asked:
Is there a real estate guru out there? if the assessed property value of a house is 150k and i purchase it for 80k, how much would my property tax be? How do I calculate the property tax?
the answere are grat, but, how does this applyies to my case.
can someone explain.
the answere [...]
sanjonny asked:
Two in one question. I am a real estate broker and I manage properties. In the process I have to do repairs on certain properties and have purchased hand tools for this purchase. I don’t want to have to capitalize and all that for a 3.99 screwdriver so how do I deduct [...]
Dave asked:
I heard it would be more beneficial to sell real estate before I retire as opposed to after. What do I stand to gain, or what do I stand to lose if I keep the property and sell it after I retire?
Malibu Real Estate
K.Ro asked:
It will be my first time claiming my home as rental real estate when I do my 2009 taxes. I will be using Schedule E. I know I need to bring records of expenses and also what I’ve profited from rent, but what other documents do I need to have ready [...]
JG asked:
I just bought a house in August. And was filing my 2009 taxes and was wondering if I was able to claim my real estate taxes (property taxes, winter and summer) that were paid by me from the closing costs.
http://www.irs.gov/pub/irs-pdf/p530.pdf
According to this I can, but this is for 2008 returns.
Homes In Chulavista [...]
Skywarn storm spotter MAN-477A asked:
Why is the real estate tax higher? Why do I have to pay real estate tax? I’m inheriting my grandmothers house. Is there any reason why I can’t pay regular tax? What are the laws about this in Manatee county, FL? Sources?
for sale by owner???
kurt_belisle asked:
My goal is to find the impact of my real estate interest deduction against my federal income tax return in real dollars?
Thermage Stomach
heart_and_troll asked:
In accordance with the usual IRS travel/meals/ent rules, of course. Are these deductible this year even if I buy next year? What if circumstances change and I don’t buy at all? I’ve heard that if I don’t buy, not deductible; if I do, must be added to basis, not deducted. [...]
ocman21 asked:
I’m doing a project for my business class, and I need lots of informations on this question.
Also I have another question:
What type of taxes do you have to pay on real estate?
Scarsdale Real Estate
Jenga asked:
I don’t want to get audited by the IRS but I hear that Real Estate Professional – non passive activity is a big issue – can you tell me what the IRS will question and look for if I claim Real Estate Professional, do they require anything when you are audited? Please [...]
petersruby20 asked:
I purchased a home in October, 2007. My monthly mortgage payment includes my county, state, and school taxes (they are placed in Escrow).
Apparently my tax payments will be paid out of escrow in April, May and August of 2008.
Does that mean that I can not claim real estate for my 2007 return?
(At [...]
capn bob asked:
I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the [...]
Albert T asked:
I bought a new house and havent sold the first one yet? Can i deduct mortgage interest from both? What about real estate taxes? Both houses are in NY city.
Organic Foods
FineArt1983 asked:
A lien was recently [July, 2007] placed by the IRS against a piece of Real Estate in New York that is owned by an Estate that I am the Executor of.
How long do I have from the time the lien was placed by the IRS to the time that the IRS forces the [...]
DJP asked:
I plan on getting a real estate license for the education and qualification when managing my private real estate investment career.
Where/how do I deduct these costs on my taxes? Eventually I’ll set up a real estate company where I could deduct them, but that won’t be set up for a while.
Thanks.
Malibu homes