Archive for the 'United States' Category


Where can you find information on the property taxes of a certain neighborhood?

marguarita asked: For example, if i see a listing on your real estate website how can i find out how much the yearly property tax would be for that particular home?Semi Truck Accessories

How much Capital Gains Tax when selling Rental Property?

ThompsonKnight asked: Okay, so the actual property belongs to my grandmother and she would like to know how much tax she will have to pay if she sells it. The people from real estate say she can get $450,000. I dont know if it matters or not, but she has owned this property [...]

Does a rental property have to be in the name of an LLC in order to claim income and expenses under the LLC?

thaiger72 asked: I recently set up the real estate LLC, but haven’t transferred the mortgage or deed of the property to the LLC. It is still under my name. I’m wondering if I have to report income and expenses of the property in my income tax filing or if I can report it [...]

If I’m planning to buy real estate out of state, are my trips to look at properties deductible?

heart_and_troll asked: In accordance with the usual IRS travel/meals/ent rules, of course. Are these deductible this year even if I buy next year? What if circumstances change and I don’t buy at all? I’ve heard that if I don’t buy, not deductible; if I do, must be added to basis, not deducted. [...]

How do you calculate real estate tax savings?

kurt_belisle asked: My goal is to find the impact of my real estate interest deduction against my federal income tax return in real dollars?Baltimore real estate

If a tax lien company has a tax certificate on some property how do we buy it?

Renee B asked: I asked this in real estate also…but we are interested in buying some property in Oklahoma, but couldn’t locate the owner…after some digging we found that they owe 4 years of back taxes on the place. If we want to purchase it do we have to buy the certificate from the [...]

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