Using the INTAX form to calculate the seller’s federal tax liability on a real estate sale
This article discusses unrecaptured gain and long-term capital gains taken on the profit of a real estate sale.
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Category: Tax
Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?
An in-depth look into fair market value, assessment and the newest tax laws in California.
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Is a transfer of inherited property between siblings exempt from reassessment?
Bohnett v. County of Santa Barbara
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IRS announces new tax rates for 2021
An overview of the IRS’s inflation adjustments for the 2021 tax year.
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Tax Benefits of Ownership: tiered tax rates for profits
This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...
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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.
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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.
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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.
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Tax Benefits of Ownership: The Mortgage Interest Deduction
This updated excerpt from the forthcoming edition of Tax Benefits of Ownership covers the basics...
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Brokerage Reminder: Prop 13 – transactions excluded from reassessment
This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.
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The unequal property tax burden on Black and Latinx households
Black and Latinx households pay higher property taxes. Why? And how does this impact California’s housing market?
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The cost of a home office deduction
What qualifies a real estate licensee to write off home office expenses?
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POLL: Are real estate agents permitted to give their clients advice on the tax aspects of a transaction?
Do you believe real estate agents are legally permitted to give their clients advice on the tax...
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How 2018 tax changes impact California homeowners
In 2017, the Republican Tax Plan made numerous changes to how everyone reports, deducts and pays...
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Today’s homebuyers are wealthier than their new neighbors by necessity
New buyers tend to be wealthier than their neighbors.
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Tax Benefits of Ownership: Proposition 13 and the transfer of assessed value to a replacement residence
This excerpt from the forthcoming edition of Tax Benefits of Ownership delves into the basics of property taxes, 1979’s aging Proposition 13, and a residence purchased as replacement property.
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Property tax refunds may now be initiated by the county
An individual’s rights to a property tax refund have expanded in 2019.
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Same-sex partnerships excluded from property transfer reassessments
Some same-sex couples may reverse their property tax reassessments after a change in ownership.
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The impacts of the SALT deduction cap in California, one year later
In California, this tax change is going to result in many residents paying significantly higher tax bills.
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Tax Benefits of Ownership: Tiered tax rates for profits
This 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.
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