Archive for September, 2007
September 25th, 2007 | 
Author: 
steve j asked:
I am buying a new home in Florida.The purchase price is $1.2 million and real estate taxes for 2006 were $12,506.This will be my first home in the U.S.A and I dont know how real estate taxes work.Is this the amount I have to pay every year ?Can i reclaim the total tax payment on my federal tax return?And when during the year do I have to pay this tax payment and to whom?Hope somone can help THANKS
Galen Aslanian
I am buying a new home in Florida.The purchase price is $1.2 million and real estate taxes for 2006 were $12,506.This will be my first home in the U.S.A and I dont know how real estate taxes work.Is this the amount I have to pay every year ?Can i reclaim the total tax payment on my federal tax return?And when during the year do I have to pay this tax payment and to whom?Hope somone can help THANKS
Galen Aslanian
Posted in Renting & Real Estate | 
Tags: Buying A New Home, Federal Tax Return, Real Estate Tax | 
3 Comments »
moinaustin asked:
My grandmother is on a limited income and is thinking of selling her home which is paid off but in bad condition.
My grandmother is on a limited income and is thinking of selling her home which is paid off but in bad condition.
She would be selling it at a loss and is worried that the monies she receives from the sale will affect her income.
What tax issues should she be aware of ?
Eleanor Stsauveur