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Tax Tips - Real Estate

Licensed Real Estate Agents - Real Estate Tax Tips
Employee or self-employed?

Sale of Residence - Real Estate Tax Tips
Do you qualify to exclude your gain?

Real Estate (Taxes, Mortgage Interest, Points, Other Property Expenses)
This frequently asked question and answer page provides information on allowable deductions for mortgage interest on second mortgages, home equity lines of credit, property taxes, points and more.

Real Estate Related Mortgage Interest Video
Watch this video to learn about reporting interest paid on a qualified residence, home equity indebtedness, debt treatment & limitations, mortgage points & closing costs and reporting interest on rental property.

Environmental Cleanup Costs
This deduction provides businesses with an incentive to clean up certain sites that are contaminated with hazardous substances. Refer to the section on Environmental Cleanup Costs in Publication 535, Business Expenses.

Rental Income and Expenses - Real Estate Tax Tips
When are you required to report rental income and expenses?

Passive Activity Losses - Real Estate Tax Tips
Your losses may not be currently deductible.

Rehabilitation Tax Credit - Real Estate Tax Tips
Taking credit for history.

Installment Sales - Real Estate Tax Tips
Time is on your side.

Involuntary Conversions - Real Estate Tax Tips
Destroyed, stolen, or condemned property?

Like-Kind Exchanges - Real Estate Tax Tips
Defer your gain under Internal Revenue Code Section 1031.

Commercial Property Owners and Leaseholders Qualify for Energy Efficiency Tax Deduction
New section 179D allows a deduction to a taxpayer who owns, or is a lessee of, a commercial building and installs property that satisfies energy efficiency requirements.


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Page Last Reviewed or Updated: 04-Sep-2014