It’s important to learn how to calculate cost basis if you own a real estate business. Calculating your annual depreciation deduction requires the basis. It’s also needed...
Posted by LLOYD J CAZES CPA on 11/05/2019
The points you paid for when you signed a mortgage to buy your home can help you reduce your federal tax bill. With scores, sometimes referred to as loan origination points or discount...
Posted by Elliot Kravitz, ATP on 09/30/2019
You've most likely heard a reverse mortgage explained in so many ways, however basically the loan specialist pays you to remain in your home compared to the traditional mortgage...
Posted by YourIRSTaxAdvocate.com on 02/27/2019
There are costs incurred over and beyond the price of the property by both sellers and buyers of a real estate property to complete a real estate transaction. These costs are referred...
Refinancing is an option for everyone, but there are some moves which you have to be careful about. It is the question in many people’s mind that should help you refinance or...
Posted by Advantage Tax Service on 06/30/2018
When you have to purchase a house in United States, it is not easy but requires a lot of steps for you to follow to succeed in it. The homeowner’s closing cost involved in the...
Posted by Flynn Financial Group Inc on 03/23/2018
A lot of people get confused when someone talks about the homeowner’s closing cost and its associations. When you make a purchase of a house and pay the full amount along with...
Posted by Allen Kemper on 03/15/2018
Are you having trouble figuring out how to maximize your capital gains when selling your home? If yes, why not try a professional? The truth is, coming up with the right estimation...
The tax professionals at Johnson, Johnson & Associates, Inc in Yeadon, PA have previously shown you that if you sell your home, you can exclude up to $250,000 on your capital gains...