Tax Tips - Real Estate | |
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IRS Offers Tips on Rental Real Estate Income, Deductions and Recordkeeping This Headliner contains questions and answers pertaining to rental real estate tax issues. 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? 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: August 17, 2009