Tag Archives: Real estate and income tax

Real Estate Investors Need to Know About Taxes on Sale of Their Property

Real Estate Investors Need to Know About Taxes on Sale of Their Property Real estate investors need to know if they will owe taxes on the sale of your property – even if you are taking a loss on the … Continue reading

Posted in Investor buyers, Real estate and income tax, Real estate economics, Real estate investing, Real estate laws, REALTOR®, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off on Real Estate Investors Need to Know About Taxes on Sale of Their Property

Income Tax Benefits for Home Owners When Selling

According to U.S. income tax law, home owners have a possible capital gains exclusion from income tax on the sale of their “main home” – and can protect the gain on if they have lived at the “main home” for 2 out of the … Continue reading

Posted in Home selling, Home selling tips, Income tax and real estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Income Tax Benefits for Home Owners When Selling

Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

Posted in Mortgage and home loans | Tagged , , , , , , , , , , , | Comments Off on Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

Home Sellers Need Income Tax Relief After Short Sale Debt Forgiveness

  Home sellers should get professional tax advice and plan for possible income tax relief prior to short sale debt forgiveness by lender/lienholder. Question:  Is there relief or any tax implications on short sales?  For example, if one loses his job due to … Continue reading

Posted in Coast Living Homes, Home selling, Live at Orange County, Orange County home values, Orange County short sales, Short sale tips | Tagged , , , , , , , , , | Comments Off on Home Sellers Need Income Tax Relief After Short Sale Debt Forgiveness

Real Estate Provisions in the 2010 U.S. Tax Relief Bill

Real Estate Provisions in the 2010 U.S. Tax Relief Bill Continue reading

Posted in Live at Orange County, Orange County home values, Positive Real Estate News, Real estate and income tax, Real estate economics, South OC home values | Tagged , , , , , , | Comments Off on Real Estate Provisions in the 2010 U.S. Tax Relief Bill