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