The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How it works. You can claim an itemized deduction on your tax return for real estate taxes and home mortgage interest. Most other homeownership costs can’t be […]
Home sales: How to determine your “basis” Read More »
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under the Tax Cuts and Jobs Act, your home-related
Home-related tax breaks are valuable on 2017 returns, will be less so for 2018 Read More »
Guest blogger Jacob Davis ends his Life, Death, and Taxes series with thoughts on Investing in Real Estate. Please contact our office with tax questions related to real estate investing. Thank you, Jacob, for providing this series. This article is not about how to invest in real estate or the ways to go about it–it’s
Part 3 of Life, Death, and Taxes – Investing in Real Estate Read More »
In part one of my series about real estate and the impact it has on your taxes, we discussed buying your first home and what new deductions, taxes, and pros/cons there are for buying a home. In part 2 we will discuss the impact selling your home will have on your taxes. Click Here for
Part 2: Life, Death, and Taxes – Selling Your Home Read More »
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