Tax Information for First-Time Homeowners

Provides tax information for first-time homeowners including how you treat items such as settlement and closing costs, real estate taxes, home mortgage interest, and repairs.

Homeowner deductions information

Itemized Deductions and Standard Deductions explaned

1031 EXCHANGE

More commonly known as a "Starker" exchange or "1031" exchange, this is a process where you sell land, business or income producing property, and defer the tax gain by purchasing another property that can be land, business, or income producing. The idea is that, by avoiding the tax at present, one can perhaps postpone it to a time in your life where your income may be more advantageous

Selling your home & capital gain

Click  HERE   to know more about different types of Mortgages

Residential Rental Property

This publication discusses rental income and expenses, and explains how to report them on your return. It also covers casualty losses on rental property and the passive activity limits and at-risk rules. This publication is designed for those who only rent out a few residential dwelling units.

Selling Your Home

Explains the tax rules that apply when you sell your main home. Also includes  worksheets to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the amount of the gain that you can exclude

How to report moving expenses

Can you deduct moving expenses? if so, which ones? Go to this link to find out.

General Overview of Investment Properties

  short sale, 1099 & debt forgiveness