Real estate blog entries tagged with taxes by John Wall (CENTURY 21 Results)

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taxes: Are you a real estate investor? The Basics of a 1031 exchange - 11/14/07 05:57 PM

There are generally four types of exchanges that benefit the Real Estate Investor. They are:DelayedSimultaneousBuild to suitReverseThere is also a method of exchanging personal property, which is usually the case in the sale or acquisition of a business.The most common exchange is the Delayed exchange. In transacting a delayed exchange, an … (1 comments)

taxes: Don’t want to pay Capital Gains? There is a way. - 04/21/07 01:43 PM

Within the last 2 years, the IRS has been allowing taxpayers to mix the rules applied to the sale of their principal residence and those of IRC 1031 tax deferred exchanges. A welcome turn in this market where homes values have skyrocketed upward and produced gains well above the current $250,000/$500,000 … (1 comments)

taxes: PMI and TAX savings - 03/30/07 04:56 PM

A long awaited law makes PMI (private mortgage insurance) deductible on homeowner's taxes. Homes that are purchased or have been refinanced in 2007 are eligible for this deduction.
PMI is an insurance policy on most home loans that carry less than 80% LTV (loan-to-value). The policy covers the lender against loss in … (2 comments)

taxes: Its Tax Season Again. - 03/11/07 10:46 AM

This year Tuesday, April 17, is the deadline to file your federal tax returns. And this is a good time to remind our friends to double check your returns before sending them off whether electronically or the old fashioned paper method.

The IRS has been touting via public … (4 comments)

taxes: Senior Savings in Los Angeles County - 03/03/07 05:39 PM

Senior Citizens in Los Angeles County have an important tax saving benefit available to them should the need to move arize. With Propositions 60 & 90 in Los Angeles and other participating Counties, Seniors can transfer their principal residence's tax base to a newly acquired home of equal or lesser value. … (0 comments)

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