An in-depth look into fair market value, assessment and the newest tax laws in California.
Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?
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Tax Benefits of Ownership
Learn what drives your clients by learning the profit tax implications of real estate transactions. Stay current on the latest news, videos, forms, and updates for Tax Benefits of Ownership.
Recent updates to the course e-book
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Is a transfer of inherited property between siblings exempt from reassessment?
Bohnett v. County of Santa Barbara
IRS announces new tax rates for 2021
An overview of the IRS’s inflation adjustments for the 2021 tax year.
Tax Benefits of Ownership: tiered tax rates for profits
This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics of profit reporting on the sale of real estate, including long-term and unrecaptured gains. The batching and taxing of gains Income tax knowledge by real estate agents is...
Tax Benefits of Ownership: tax aspects advice
The following excerpt is from the forthcoming edition of Tax Benefits of Ownership which gives an overview on a transaction’s tax aspects.
Tax Benefits of Ownership: vacation home sales
This excerpt from the forthcoming edition of Tax Benefits of Ownership gives an overview on vacation home sales.
Tax Benefits of Ownership: The §1031 reinvestment plan
This excerpt from the forthcoming edition of Tax Benefits of Ownership gives a brief overview of the fundamentals of Internal Revenue Code §1031 reinvestment plans.
Tax Benefits of Ownership: The Mortgage Interest Deduction
This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics of the mortgage interest deduction, from reporting methods to economic effects. Two residences, alternative deductions A long-standing policy of the federal government is...
Brokerage Reminder: Prop 13 – transactions excluded from reassessment
This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.