real estate Archives

Can homeowners deduct seller-paid mortgage points?

Oct 31, 2024 | Individuals

When you buy a house, can you deduct seller-paid points on your tax return? Here are the rules.

Making the most of the home sale gain exclusion

Oct 3, 2024 | Individuals

Considering downsizing your home or moving? If so, be sure to check whether you’ll qualify for the tax-saving home sale gain exclusion.

Is your home office tax deductible? Here are the rules

Sep 26, 2024 | Individuals

While many people work from home, not everyone qualifies for home office deductions. Here are the rules for eligibility.

Understanding taxes on sales of real estate

Aug 15, 2024 | Small Business

The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.

Six tax issues to consider if you’re getting divorced

Jul 25, 2024 | Individuals

Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.

Tax tips when buying the assets of a business

May 30, 2024 | Small Business

When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.

When do valuable gifts to charity require an appraisal?

May 23, 2024 | Individuals

If you donate valuable assets to charity and don’t follow certain requirements, the charitable tax deduction may be denied. Here are some answers to questions about how to protect your deductions.

Taxes when you sell an appreciated vacation home

May 9, 2024 | Individuals

If you own a vacation home, perhaps you’re ready to sell it. What are the tax implications? Here are the rules if you sell at a profit.

How renting out a vacation property will affect your taxes

Mar 21, 2024 | Individuals

Many people who own vacation homes rent them out to earn extra income. Even better, renting them out may provide tax breaks. Here are the rules.

Defer a current tax bill with a like-kind exchange

Jan 4, 2024 | Small Business

The real estate market has been tough recently. But there are still large profits being made on some business property. In these cases, a “like-kind” exchange may be attractive when selling commercial or investment real estate.

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