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How do deduct real estate taxes on 1040a?

Posted in United States on February 13th, 2009
petersruby20 asked:

I purchased a home in October, 2007. My monthly mortgage payment includes my county, state, and school taxes (they are placed in Escrow).

Apparently my tax payments will be paid out of escrow in April, May and August of 2008.

Does that mean that I can not claim real estate for my 2007 return?

(At closing, I did have to reimburse the seller for real estate taxes he had already paid up to Dec. 31.)

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What are the tax implications of a property placed in a irrevocable trust?

Posted in United States on February 9th, 2009
Henry B asked:

Put my parent 's feature (personal home) in an irrevocable trust. The instructions were to sell the property on the death of a parent with income falling trust account at a bank of our choice. We must distribute the money from my income to the surviving parent for living costs, etc.. as far as I know, we were not given the trust a tax identification (still checking with the attorney who drafted the trust for us). So now that the trust's bank account has the funds, can I as administrator distrbute money without tax liabilities? Who owns eventually responsibilities imposed here? The feature is in California and income from the sale were less than $ 500,000.

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If I claim to be a real estate professional for tax purposes, is my income subject to FICA?

Posted in United States on February 9th, 2009
capn bob asked:

I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the passive activity rules. If I make a profit from my investments, am I subject to FICA taxes on that income? Is there a downside to claiming real estate professional status?

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How do deduct real estate taxes on 1040a?

Posted in United States on February 9th, 2009
petersruby20 asked:

Buy? a home in October 2007. My monthly mortgage payment included in my county, state and school taxes (put in trust). My tax payments be? N apparently paid out of trust in April, May and August 2008. ? Half ago that I can not sue the real estate for my 2007 return? (In the end, I had to reimburse the seller for real estate taxes that? L hab? A paid until December 31.)

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Have a commercial property I make payments on. Can I use the interest as tax savings on my personal income?

Posted in United States on February 8th, 2009
Curious G asked:

I have a character? Curia Rationum commercial retail. It has 3 store fronts? Ny rented all three. I was wondering if I can make additional payments to my personal income to the property? S use of the mortgage interest? S paid to lower my taxable income on my personal income?

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How/where to deduct real estate training fees on taxes?

Posted in United States on February 7th, 2009
DJP asked:

I plan on getting a license for real estate education? Ny the qualifications? N andalusia manage my career in private investment? N property. ? D? Nfrom / c? Rioja mo I deducted these costs on my taxes? Eventually I 'll the STL? a company? a property where you can? to deduct only that won 't be fixed during alg? n time. Thank you.

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What are the rules on auto expenses for work and tax deduction?

Posted in United States on February 7th, 2009
Vinatieri_Lover asked:

Working in the medical field and I have to drive to several clinics across a large city. My company pays me this much mileage. Can I however take a deduction for this? What are the rules on deductions and mileage cars?

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How do I reduce my property tax now that my home price has plummeted?

Posted in United States on February 7th, 2009
knight d asked:

Should I come in contact with the department of land in the city? Do you also received these letters from the group …… sh ould the prayers of the land of California to pay them $ 85 and left handle everything? Thanks in advance.

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How do I report my property if I own the house and receive rental income from tenants living WITH me?

Posted in United States on February 5th, 2009
ChrisLoef asked:

I bought a home in 3 / 07 as my primary residence. I am young so I have also co-quarter live with me. How to disclose this feature and the rent? ¿Rental investment? ¿Rental Property? I just go through TurboTax and am quite confused about this. Thanks for your help!

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How much property tax does a person pay in different Connecticut towns?

Posted in United States on February 4th, 2009
rockmyworldredsox asked:

I want to buy a house in a couple of years now so I want to investigate. If I buy a house today want to know what towns in Connecticut offer a better rate then other land especially in the south eastern Connecticut. What about certain things increase or lower the tax? Or even if anyone knows where I can find this information.

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I paid taxes via auto withdrawal from my checking account. Will I get the stimulus check via direct deposit?

Posted in United States on February 3rd, 2009
Holly B asked:

I paid my taxes for 2007 because that means I withdraw from my car to check this year. (I didn 't get a refund). Do I know they said that the stimulus check via direct deposit would be if you did direct deposit for your refund, but it works the other way around?

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We had a rental property last year for only 6 months. Should we add this on our 2007 taxes?

Posted in United States on February 3rd, 2009
RickyRicardo asked:

We bought a new home, we moved away from the old house, rented the old house and then putting it on the market. So we rented for 380 less than our mortgage payment. Sold 6 months later. How this affects our taxes if we add as a feature of invvestment. Should we even have the inconvenience of it as a feature of the investment?

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are property taxe rates higher for a an american married to a non-us citizen ?

Posted in United States on February 2nd, 2009
Peggy D asked:

I am an American living in France married to a Frenchman. We would like to buy a property in California, USA

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I have unpaid property taxes since 2005 and im about to give back the property. who pays the taxes?

Posted in United States on February 2nd, 2009
Rita C asked:

Buy? my home in 2005 and haven 't pag? my land since then. ? Im getting ready to return the character? Curia Rationum bank andalusia cannot because my payment occurs, as? I was wondering if im going to have to restore all the land that I should? I am not in execution or pre forclosure? of mortgage still a. ? Tambi? Nc? Mo ago becoming the character? Curia Rationum and execution? Of foreclosure affect my record of cr? Cu3anto time and for credit?

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Can property tax be lowered if house value drops?

Posted in United States on February 1st, 2009
heavyd asked:

My house value has dropped considerably and I wonder if I can call my office in the County Tax Accessor to lower my property tax. Is this possible? If so what 's the procedure? Thank you.

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How does personal property tax work in Hawaii?

Posted in United States on February 1st, 2009
HELP!!! asked:

In Kansas if you get his car; legal “and get the tags, you pay the contribution? N territorial staff at that time. In Missouri, you get his car; legal “getting labels, but it 'sm? S cheap when you get your tags, because you get a nice end to andalusia? O. In Hawaii, you get an account, or is taken care of when you get your labels?

Huntsville Real Estate

Can I deduct real estate taxes in NY from more than one home on my federal tax return?

Posted in United States on February 1st, 2009
Albert T asked:

? Buy? a new house and havent sold? first yet? a? ? Can I deduct interest? S mortgage both? ? Qu? taxes on real estate? Both houses? N in NY City.

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Property tax and Mortgage interest deduction on marital property when divorced?

Posted in United States on February 1st, 2009
Evan asked:

I divorce you pay the payment of property tax Mortage and complete a home purchased during the marriage. My ex does not work and does not contribute to any of these payments. Can I take the full deduction of property tax and interest for tax purposes?

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How come if the property values in states such as FL have decreased, property taxes haven’t?

Posted in United States on February 1st, 2009
lasm97 asked:

in states such as Florida where property values have declined greatly in a range of 50K-100K, as is the land haven 't? Would see a decrease this year 'receipts for the contribution of s at the end of the year?

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Are property taxes equitable or inequitable taxes to fund education?

Posted in United States on February 1st, 2009
katscott asked:

Are land taxes, sales taxes and taxes on state income tax fair or not fair to fund education and what are the social and financial implications of a state lottery?

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Property Tax and Mortgage Interest - Do we get a portion of the money back comes tax return ?

Posted in United States on February 1st, 2009
nismosr asked:

I just bought a flat ownership ye I 'm paid to land about 4K a year, and my interest is on the high side. ¿Info? I'm also only if that account. And before I go to my accountant do tax the bank statements sent some paper on my mortgage interest included in the archivaje my back?

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How do I report interest in 2006 for an investment property sold in 2005?

Posted in United States on January 31st, 2009
Dan N asked:

Hello. Rec? substitute a form 1098 in the amount of $ 2000 for the interest? s on a pr? stam of the character? Curia Rationum of investment? n. The funny thing is, I sold? this character? the Curia Rationum December 30, 2005. So for my Statement of 2005 taxes, present? a form 4797 for the sale of the character? Curia Rationum. Tan quiz? pr? stamos wasn 't paid off right away and the exchange? s joined in 2006. Interest? S 2006 should have been paid from? Closed costs? ? later? s closing of the December 30, Pagu not? any additional costs personally in character? Curia Rationum. ? Tan c? Cu m or disclosed? L be? Normally a cost to business of $ 2000 for a character? Curia Rationum never pose? in 2006? ? Or should not I include quiz? the 1098 in my back since 2006 Pagu not? anything in this pr? stamos in 2006? Thanks for any good advice.

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I have a IRS lien filed against my Real Estate. How long do I have before the property is placed for auction?

Posted in United States on January 29th, 2009
FineArt1983 asked:

Liens [July 2007] was released recently by the IRS against a piece of real estate in New York that pose? Assumes a state that I am the executor. How long do I have from the time the lien was placed by the IRS while the IRS forces the character? ICT systems for sale or auction? • If the character? Curia Rationum is forced to be sold or auctioned by the IRS is? all? a certain kind of people? rescue ny have? The state would not want to sell real estate. The State may? pay the IRS what? due within three months. I have that much time before the character? Curia Rationum est? put to auction or sale?

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If I claim to be a real estate professional for tax purposes, is my income subject to FICA?

Posted in United States on January 29th, 2009
capn bob asked:

Qualify as a real estate professional for prop? Tax requirements. I own and manage over 25 characters? Curia Rationum rental. I have not sued the state in the past. I recently married and my husband has a retirement income and investments? N excess of the quantity m? Xima of income allowed under the passive activity rules. • If you realize a profit from my investments, I am under FICA taxes on that income? • There is a disadvantage to claim professional status of real estate?

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What if after the sale of personal property, the buyers never chg the title or assessment to their name?

Posted in United States on January 29th, 2009
winter Haven FL asked:

? Qu? should you do if the office staff of the contribution? n land for a state that you reside no m? s is inside you? seeking payment for the character? Curia Rationum for personal real estate that you were sold several years? • There is a statute of limitations in the sale of real estate? • If appropriate papers were never recorded, “his character does? Curia Rationum yet? Is a pose? Do the due? Original os? • You can character? Curia Rationum removed by the seller, if all the taxes due were paid back? ? D? Where can get the information? About this?

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What state has the lowest property taxes?

Posted in United States on January 29th, 2009
James M asked:

After 20 years in the military moving from state to state and country to country and after working overseas as a civilian for the past 10 years was ready to settle down and retire. We are now looking for a retreat that we have low land, not too cold a climate, reasonable home prices, low crime and people are not the largest city of 500,000. We have no kids in school so the school system is not important to us. We live in Texas and the land are high, also lived in Georgia where there are land andalusia bad. If we had a $ 250,000 home in your area what the land would be?

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