Tax | firsttuesday Journal

Tax Benefits of Ownership: income categories

by ft Editorial Staff | Jul 19, 2021 | Feature Articles, Finance, Real Estate, Tax | 0

The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...

Tax Benefits of Ownership: the sales price

by ft Editorial Staff | Jul 1, 2021 | Feature Articles, Tax | 0

The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an...

Brokerage Reminder: Property tax reassessment 101

by ft Editorial Staff | Jun 21, 2021 | Laws and Regulations, Real Estate, Tax | 0

An overview of transfers automatically excluded from reassessment.

Tax Benefits of Ownership: the principal residence profit exclusion

by ft Editorial Staff | Jun 18, 2021 | Feature Articles, Real Estate, Tax | 1

The following excerpt is from the current edition of Tax Benefits of Ownership, which gives an overview of the tax exclusions available to a homeowner upon the sale of their past or present principal residence.

Property tax inequality: shifting the burden to boost homeownership

by Amy Perry | Apr 26, 2021 | Economics, Real Estate, Tax | 0

How fair and equitable is our property taxation system?

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.

Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?

by Amy Perry | Apr 15, 2021 | Appraisal, Feature Articles, Real Estate, Tax | 0

An in-depth look into fair market value, assessment and the newest tax laws in California.

Is a transfer of inherited property between siblings exempt from reassessment?

by Amy Perry | Feb 26, 2021 | Real Estate, Recent Case Decisions, Tax | 0

Bohnett v. County of Santa Barbara

IRS announces new tax rates for 2021

by ft Editorial Staff | Nov 17, 2020 | Finance, Real Estate, Tax | 0

An overview of the IRS’s inflation adjustments for the 2021 tax year.

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: tax aspects advice

by ft Editorial Staff | Nov 3, 2020 | Feature Articles, Finance, Investment, Real Estate, Tax | 0

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

by ft Editorial Staff | Oct 26, 2020 | Feature Articles, Finance, Home Sales, Investment, Real Estate, Tax | 0

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

by ft Editorial Staff | Oct 20, 2020 | Feature Articles, Finance, Investment, Real Estate, Tax | 0

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.