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.

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?

Rehabilitation credit

The rehabilitation credit is a tax incentive to rehabilitate historic buildings.

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.