tax | firsttuesday Journal

Using the INTAX form to calculate the seller’s federal tax liability on a real estate sale

by ft Editorial Staff | Apr 21, 2021 | Feature Articles, Investment, Real Estate, Tax | 0

This article discusses unrecaptured gain and long-term capital gains taken on the profit of a real estate sale.

POLL: Are real estate agents legally permitted to give their clients tax advice ?

by ft Editorial Staff | Apr 5, 2021 | Reader Polls, Real Estate | 0

Do you believe real estate agents are legally permitted to give their clients advice on the tax...

Tax Benefits of Ownership: tiered tax rates for profits

by ft Editorial Staff | Nov 10, 2020 | Feature Articles, Real Estate, Tax | 0

This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...

Tax Benefits of Ownership: The Mortgage Interest Deduction

by ft Editorial Staff | Oct 8, 2020 | Feature Articles, Finance, Real Estate, Tax | 2

This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...

May a county impose a documentary transfer tax on the transfer of a majority interest in a company owning property?

by Oscar Alvarez | Jun 14, 2018 | Real Estate, Recent Case Decisions, Tax | 0

926 North Ardmore Avenue LLC v. County of Los Angeles Facts: An owner transfers their rental...

Can energy systems be separated into solar and nonsolar components for property tax purposes?

by Oscar Alvarez | Jun 7, 2018 | Appraisal, Real Estate, Recent Case Decisions, Tax | 0

Luz Solar Partners Ltd., III v. San Bernardino County Facts: An owner improves their real estate...

Proposed tax code changes shake the housing market

by Carrie B. Reyes | Nov 28, 2017 | Pending Laws, Tax | 1

Federal lawmakers are poised to alter the face of the real estate market in 2018.

California’s vanishing middle class

by ft Editorial Staff | Oct 31, 2017 | Economics, Feature Articles | 12

The middle class is losing ground — and the housing market is taking notice

Presidential candidates’ tax proposals cast uneasy future for housing

by Carrie B. Reyes | Apr 4, 2016 | Feature Articles, Tax | 8

Here, we outline the basics of the federal tax proposals from four presidential candidates.

Looking back on the healthcare tax and its impacts today

by Carrie B. Reyes | Nov 30, 2015 | Economics, Feature Articles, Tax | 4

How many Californians paid the healthcare tax in 2013? Was it enough to impact the housing market?

One in three Californians want to leave

by Carrie B. Reyes | May 6, 2014 | Economics, Real Estate | 5

It’s all about location.

Prop 13 renders homeownership less attainable

by Carrie B. Reyes | Apr 11, 2014 | Real Estate, Tax | 18

The injustice of regressive taxes harms future homeowners.

Last minute tax tips

by Carrie B. Reyes | Apr 11, 2014 | Real Estate, Tax | 0

Here are some tips to help you file your taxes on time and correctly.

U.S taxpayers’ foreign homes: eligible for residence profit tax exclusion?

by ft Editorial Staff | Jul 8, 2013 | Letters to the Editor, Real Estate, Tax | 0

To qualify for the exclusion, the U.S. taxpayer must own and have used the property…

The votes are in: Don’t worry about tax flight!

by Carrie B. Reyes | Mar 13, 2013 | Reader Polls, Real Estate | 2

Local economists have expressed concern over California’s high income tax rate for wealthy...

Fiscal cliff deal benefits homeowners

by Carrie B. Reyes | Feb 5, 2013 | Real Estate, Tax | 0

We’re all glad to have averted the recent fiscal cliff debacle. But will Congress’ deal benefit California homeowners? Or will it leave everyone out to dry?

Legislative Gossip

by ft Editorial Staff | Oct 25, 2012 | Pending Laws, Real Estate | 0

Stay on top of current pending legislation affecting real estate in 2012! Updated October 25, 2012.

Does the healthcare law really affect sellers of real estate?

by Carrie B. Reyes | Jul 26, 2012 | Reader Polls, Real Estate, Tax | 23

Have you heard grumbling in the real estate community about the alleged affect the healthcare law...

Owner must meet both criteria of a real estate professional to claim passive real estate loss deductions

by Carrie B. Reyes | Jun 19, 2012 | Property Management, Real Estate, Recent Case Decisions, Tax | 0

Facts: An owner of two rental properties spent 800 hours a year actively managing them as a second...

Joint tenants sharing ownership rights cannot exceed individual deduction limit

by Carrie B. Reyes | May 25, 2012 | Real Estate, Recent Case Decisions, Tax | 0

Facts: Two unmarried co-owners of two properties claimed separate Federal income tax deductions for their home mortgage interest payments. The co-owners each reported deductions for interest paid on $1 million of acquisition...