Our proposal to mandate agent disclosure of known tax consequences of a transaction.
Change the law: require agents to disclose known tax information
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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.
Latest Articles
The votes are in: majority rules MID doesn’t raise home prices
Most of our readers aren’t sold on the inflationary effects of the MID.
Mortgage interest deduction changes in 2018
Fewer Californians will be able to take the MID in 2018.
Income bracket changes under 2018 tax plan
While you’re busy preparing your 2017 tax returns, it’s never too early to look ahead to next year. The Republican Tax Plan made numerous changes to how you will report, deduct and pay taxes beginning next year for income earned in 2018. One of the changes made...
Change the law: eliminate the MID and create a mortgage assistance program
Our proposal to eliminate the MID and increase mortgage payment assistance.
2018 changes to tax deductions
Look ahead to the deductions you will be able to take on 2018 taxes.
POLLS: Mortgage deregulation and tax reductions
These polls will close on January 29, 2018.
FARM: Shortsale and foreclosure sale discounts: common tax reporting mistakes
Use this FREE first tuesday FARM letter copy in your marketing! Have a topic you’d like us to write about? Email editorial@firsttuesday.us and let us know! Here are some simple guidelines for how and when to report shortsale or foreclosure sale discounts, called...
FARM: Helpful guidelines for your real estate tax deduction
It's tax season! This year, make sure you file the required itemized report on any real estate tax deductions you claim, as well as include the parcel number and amounts that can or cannot be deducted. Deductions may be claimed for state, local and foreign real estate...
Errata & Updates
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.