1. Home
  2. Home & Garden
  3. Home Buying / Selling

Taxes - Real Estate Tax Consequences and Law

Owning real estate has tax liabilities and consequences as well as providing tax benefits to home owners. Here is how to determine if loan points are tax deductible, how to take home disaster loss deductions, among other tax information articles.
Tax Breaks for Home Selling
Tax breaks for home selling. How the IRS treats profits above the exclusion guidelines. Whether home sellers pay taxes on the sale of personal property.
Home Losses on a Personal Residence
How to write off a home loss on your personal residence by turning it into a rental. IRS guidelines and expert tax advice about deducting home losses from your tax return.
Tax Consequences for Home Business Offices
Tax consequences when your home has been partly depreciated due to maintaining a business office and then sold. Whether you need to recapture depreciation write-offs.
Loan Points - Are Loan Points Tax Deductible?
What are points and how do loan points work? How do points qualify as a tax deduction? Why buyers can write off loan points that sellers pay. How to write off prepayment penalties from taxes.
Disaster Home Losses - How to Write Off Uninsured Home Losses
Here's how to know which uninsured losses are eligible to write off your taxes. In the event disaster strikes your home, be prepared for documenting losses from acts of nature, theft or casualty. How to make an inventory list of household belongings and content.
Biography of Julian Block
Biography of Julian Block, an attorney in Larchmont, New York, and a contributing guest writer to homebuying.about.com.

Explore Home Buying / Selling

More from About.com

  1. Home
  2. Home & Garden
  3. Home Buying / Selling
  4. Market Facts & Trends
  5. Taxes

©2008 About.com, a part of The New York Times Company.

All rights reserved.