Real estate income tax considerations (General).

All rental properties were sold in 2011 and the LLC was disolved. Can I deduct closing costs/commision when doing the taxes for the LLC?
by dchapman67 on February 7th, 2012 | no answers | in Real estate income tax considerations (General)

by Anonymous on December 31st, 1969 | no answers | in

I start the closing of a house on Friday, when can I file for the tax refund?
by telomax on March 31st, 2010 | one answer | in Real estate income tax considerations (General)

is there assistance with property taxes when your disabled and cannot work
by wilson03 on March 17th, 2010 | one answer | in Real estate income tax considerations (General)

I receive 1/2 of my ex-husband's retirement income monthly. Is this considered alimony or retirement income for tax purposes?
by rachelpatterson on February 3rd, 2010 | one answer | in Real estate income tax considerations (General)

What can I deduct if I am renting my personnel real estate property?
by Paula1234 on January 24th, 2010 | no answers | in Real estate income tax considerations (General)

We recently bought a house. How soon can we file for the 8,000.00 tax rebate?
by Leety on December 13th, 2009 | no answers | in Real estate income tax considerations (General)

First Time Home Buyer Credit: if I purchase a home, then after a few months accept an offer to teach english abroad for a year and rent my new house in the United States could I still claim the tax credit and the property as my principal residence?
by Anonymous on November 30th, 2009 | one answer | in Real estate income tax considerations (General)

Why is this gov'ment so unfair when it comes to finances?give you a prime ex., i purchased a home in april of 07,first time buyer,well guess what, the next year they sign in a tax break for 8k dollars-im out of work strugl'n but the irs has 7 yrs on us!?
by mmuh on July 9th, 2009 | one answer | in Real estate income tax considerations (General)

What is the income tax paid for real estate in Miami? Is there a difference when the property owner is a person or an LLC?
by bikius on May 11th, 2009 | no answers | in Real estate income tax considerations (General)

I, live in houston texas. i have a tax lien and want to pay cash for a home. can i still purchase a home if paying cash to the lender? and can the irs take the home are just put a lien against it? signed houston texas
by del on April 6th, 2009 | no answers | in Real estate income tax considerations (General)

Is property tax paid on my behalf on rental property income to me
by Todd64 on March 28th, 2009 | 3 answers | in Real estate income tax considerations (General)

We are married and own rental property, but our joint income exceeds $150,000. Is there any way to get a deduction for losses on the rental property?
by Melinda on March 23rd, 2009 | one answer | in Real estate income tax considerations (General)

Can I deduct commercial property insurance for 2008 if it was paid on 12/27/07 but not deducted that year?
by Anonymous on March 9th, 2009 | no answers | in Real estate income tax considerations (General)

When completing a 1098 return of a partial mortgage is the interest calculated on the original mortgage figure or on the new(investors) mortgage figures?
by Anonymous on March 2nd, 2009 | no answers | in Real estate income tax considerations (General)

Can i deduct the intersest and closing costs form a reverse mortage?
by len on March 1st, 2009 | no answers | in Real estate income tax considerations (General)

I sold heir property in 2007(devided between 4 brothers) i bought a house in jan 2009 for the first time . do i qualify for the 8000 dollar tax credit?
by egutopia44 on February 28th, 2009 | no answers | in Real estate income tax considerations (General)

I am on ssi and trying to buy a home... i am doing the non traditiona trade lines.. because i have "NO" credit not bad credit just no credit...and was wondering how the down payment money would effect my ssi or not at all
by elizabethia on February 24th, 2009 | no answers | in Real estate income tax considerations (General)

Can I take the first time home buyers credit if: 1) for 2007 I filed as married filing jointly and for 2008 I'm filing as single (divorced), but I hadn't lived in the marital house for over 5 years, 2) I purchased my own home
by Anonymous on February 3rd, 2009 | no answers | in Real estate income tax considerations (General)

Does Proposition 13 pass to the next property owners or does it end with the one' who recieved it first?
by CaRbOnPrOdUcK is Baccuss on January 18th, 2009 | 2 answers | in Real estate income tax considerations (General)

If I started to buy rental investment properties, can I re-invest the income produced throughout the year to buy other properties to defer taxes?
by Anonymous on December 17th, 2008 | one answer | in Real estate income tax considerations (General)

I own a rental house in Colorado. As a Washington State resident, do I have to pay CO state income tax on the rental $$?
by Christine on December 7th, 2008 | one answer | in Real estate income tax considerations (General)

I sold a rental property this year. Can I defer the taxes on the capital gains or pay them over several years rather than paying all on this year's return?
by Mccrouse on November 28th, 2008 | 4 answers | in Real estate income tax considerations (General)

Please help me with a question on real estate property taxes. I own some vacant land. There is some rental income. I have a signed contract with the sale conditional on the buyer obtaining various government approvals. This may take well over a year. The
by optionstrader on November 2nd, 2008 | 2 answers | in Real estate income tax considerations (General)

Where does the U.S. Federal government expect to acquire $700 billion for a bailout of itself when we currently have a much larger deficit?
by jkag on September 27th, 2008 | 2 answers | in Real estate income tax considerations (General)

IF MYSELF AND MY SIBLINGS SELL OUR SHARES OF MY MOTHER'S HOUSE, WHICH IS DEEDED IN OUR NAMES. mY SHARE OF THE PROFIT IS ABOUT $11,875.00 - I WANT TO KNOW HOW MUCH I WILL HAVE TO PAY IN TAXES? DO I CLAIM THIS AMOUNT ON MY PERSONAL I
by KUPCAKE on May 22nd, 2008 | no answers | in Real estate income tax considerations (General)

We are retired w/tax free income.We want to purchase a house with our daughter so she can have a tax writeoff.Can we split prop.taxes&mort.interest 50/50?If she claimed 100% would that hinder us with IRS?
by Jackie on April 17th, 2008 | one answer | in Real estate income tax considerations (General)

What does NOL mean?Thanks.
by naplesgirl on April 5th, 2008 | 2 answers | in Real estate income tax considerations (General)

I refinanced my primary home and used some of the proceeds to purchase a rental property. Do I deduct the interest on Schedule E, Schedule A or not at all? Please explain.
by Anonymous on April 1st, 2008 | no answers | in Real estate income tax considerations (General)

Is it ok if i get my NI number even though i have no work to apply because im planning for it.
by kelsey on March 19th, 2008 | one answer | in Real estate income tax considerations (General)

Hello! i would like to ask regarding my NI.number,how can i transfer my temporary Ni no. to became a permanent ni no.
by kelsey on March 19th, 2008 | no answers | in Real estate income tax considerations (General)

How does working under the table and having a house ( with no mortgage payment ) work? Since I own a house do I have to show income for tax purposes? And would I have to owe money when tax time comes?
by Anonymous on March 17th, 2008 | one answer | in Real estate income tax considerations (General)

I became a real estate agent in 2007. How do I do my 1040 for last year; Am I self employed? I am using TaxCut software and it is clear as MUD!!
by Anonymous on March 6th, 2008 | no answers | in Real estate income tax considerations (General)

If I had a property inspected and didn't end up buying it because of what the inspector found, can I deduct the fee? How do I categorize it? Normally the fee would go in with the purchase cost...
by Christine on February 4th, 2008 | no answers | in Real estate income tax considerations (General)

When you're a home owner, isn't the mortgage company supposed to send you a paper telling you how much interest you paid for the year to file with your taxes? Whats this paper called?
by Gina on January 23rd, 2008 | 6 answers | in Real estate income tax considerations (General)

Taxes? This year will be my first time doing taxes and I have no clue about it. Any advice?
by lesylea on November 13th, 2007 | 3 answers | in Real estate income tax considerations (General)

What would the income tax be on the sale of a portion of a farm that was gifted to me that I currently live at and is also used as rental property?
by Anonymous on October 25th, 2007 | 2 answers | in Real estate income tax considerations (General)

Would like ti know what the existing cost of a 3 bedroom home is in carlsbad, and also i would like to know what the state income tax is in new mexico
by Anonymous on October 10th, 2007 | one answer | in Real estate income tax considerations (General)

My husband and I are part-owners of a business property-- a vacant shop that needs to be renovated. We are still making payments on our portion of the shop as well as paying insurance and taxes. Can we write these things off as a business loss?
by Annesellars on October 4th, 2007 | one answer | in Real estate income tax considerations (General)

I would like to ask this question again because I left out important information. How would you claim (on income tax forms) the following?: I am renting out a second residence to a family member who cannot afford to pay the full mortgage payment.
by candy on September 20th, 2007 | one answer | in Real estate income tax considerations (General)

If you are claiming income on a second property and the rent .is less than the mortgage how do you claim on your income tax forms?
by candy on September 20th, 2007 | no answers | in Real estate income tax considerations (General)