How do you calculate real estate tax savings?
Tuesday, December 30th, 2008kurt_belisle asked: My goal is to find the impact of my real estate interest deduction against my federal income tax return in real dollars?Cristy Nassimi
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If I sell real estate I must pay a federal capital gains tax. Is there a California capital gains tax?
Saturday, December 20th, 2008Horacio M asked: If there is a California capital gains (real estate) tax, what is the rate?Lona Bringard
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What are the specifications of the death (estate) tax?
Saturday, December 13th, 2008jenl2881 asked: My father died recently and I need to know if I will have to pay a death tax this coming tax season. Is this tax dependent on the value of the estate or any other factors? We are going to sell his house, but he had no other assets. The most we’ll each [...]
What kind of attorney do I need? Real estate & tax implications?
Friday, December 12th, 2008jacobdani asked: I am planning on buying my mom’s house for what she owes on it. There is a lot of equity in the house. When I sell the house in a few years, I want to give her back the equity that is currently in the house, but I don’t want to [...]
Primary home: real estate tax deduction with business use of home?
Wednesday, December 3rd, 2008SJ asked: Let say home value = $1,00,000
real estate tax for 1 yr. = 12,500 (@1.25% assuming CA rates)
lets further assume 80% of home is used for residential purpose while 20% is used for business purpose.
a) From pub 1024 A (itemized deduction), it indicates that the amount that can be deducted should not be for [...]