 How much should I offer on a $285k house? |
| We found the house of our dreams but want to make sure we're getting a fair deal. In negotiations, the buyer starts low, the seller counter-offers, and so on and so forth until an agreed-upon ... |
|
 How do I get rid of a house that I cannot afford, cannot refinance and cannot sell? |
| I origianlly purchased my house and then refinance it at 100% on an arm. I purchased another house closer to work and am living in that house now. The intention was to rent out the first house to ... |
|
 Moms house paid off we want to put it into my name now because she is gravely ill. How do I go about doing so. |
| She wants to put the house into my name now so there are no problems later. I am not sure how to go about transferring the house into my name .... |
|
 Can my landlord evict me immediately? |
| We live in Oklahoma. We signed our lease two years ago. The lease stated "I agree not to have any pets inside or outside." My husband got a dog that stays in the house. At the bottom it ... |
|
 Is closet space counted as square footage in a home? |
| thinking about taking a large closet and making it a half bath.... |
|
 My apartment now leasing for lower than I am paying? |
| Ok, so I signed a lease last may to pay $1250/month for my apartment, now they are leasing these apartments for $1150. Is there a way to make them lower my rate NOW, or some type of fair housing law ... |
|
 I am buying a house, and need to break my lease. My apts are trying to charge me over $4k to move out early.? |
| I am fine with most of the charges - the reletting fee, and reimbursement of discounts and concessions. The part I am concerned about is that they are trying to charge me 60 days worth of market ... |
|
 How much notice does a tenant have to leave? |
From what I understand, I think a landlord has to give 60 days notice for a tenant to move out. I am in California.
How much notice does a tenant have to leave, 30 days or also 60 days? ... |
|
 Legal advice for eviction , anyone plllllllllleeeeeeeeeaaaaa... |
| So i am getting evicted. Ihave tried everything under the sun to try to stop this but its useless. I went to court yesterday and the judge gave me till 8/31/2007 to get out of the apartment. D... |
|
 Life will suck if u did not get a flat from parents? |
u will need mortgage, potentially for 30+ years
when u add kids to finance it will get even worse
next 30 years u will spend on working hard and getting old
then u will be ill and too ... |
|
 If a house is selling for $38,000 dollars what does the Assessed Valuation $6000 dollars mean? |
If a house is selling for $38,000 dollars what does the Assessed Valuation $6000 dollars mean?
Does it mean it will be appraised for $6,000 dollars instead of 38,000?... |
|
 My real estate agent is a slimebag ~ Now what? |
What should you expect from a realestate agent?
I moved 3 months ago and haven't heard anything from them. Should they be contacting me? or only when the house sells?
This is ... |
|
 Mortgage Down Fall? |
| What do you think about the houseing problem?... |
|
| How to find house or apartments for rent? |
I know about Craigslist but it seems so limited. What are my options for having the most options for locating a new place to rent? Im looking for a place in San Mateo county California.
Thanks ... |
|
 Giving 30 Days Notice Landlord: Count Day of Notice? |
| If I gave my landlord a notice dated yesterday (Dec. 12th), do I count Dec. 12th as day 1 of my notice or does day 1 of my notice officially start on Dec. 13th? I have to give her 30 days notice and I... |
|
 What are the best upgrades when selling your house? |
| We're thinking of selling our condo and we have about $2000 to make upgrades. We'd love some suggestions on how to get the most return. We've already thinking of updating the range and ... |
|
 How does a lower middle class person in Illinois afford to live in California or Florida? |
| I live in Bloomington, IL and would love to live in Ft. Lauderdale, Tampa, LA, San Diego, San Francisco, or in California in general (preferrably southern).... |
|
 What can i buy with a £5? |
| i have £5 to spend i know its not much money but i want to get something that i can use so i dont waste my money any ideas?! thank you!!... |
|
 My fiance and I are renting a Condo my Dad owns? |
| I am living in a very new (we are the 1st to live there) Condo my Father owns with my fiance. We have lived there with my younger sister (the 3 of us) for the past year and she just moved out. My ... |
|
|  |
KayBeeDee | Is Property Tax I pay on my home income tax deductible ? |
I know that the interest component of my mortgage payments are tax deductible - is Property Tax also tax deductible ?
I'm looking for a Townhouse. What else is tax deductible - the monthly maintenance, home insurance, anything components from closing costs ?
Real estate gurus - Pls advise |
 |
 
Bad Girl
|
Yes it is :) and so is the interest you pay on the mortgage.
Good Luck |
|
Dee
|
Yes, property taxes are deductible. Points, if you pay them are also deductible. The other items are not deductible. Keep track of money you spend on improvements and the other items from the closing. Don't ever throw out the closing documents. If you have a capital gain on the house when you sell you will be adding some of those items to your cost basis to minimize your profit. |
|
MLaw
|
Real estate taxes on your primary residence are deductible -- if you itemize your deductions.
If you rent out a property r/e taxes & all other rental & manitenance expenses are deductible from rental income. |
|
Pengy
|
Taxes yes, monthly maintenance no, insurance no. Points paid in closing yes. Having kids yes, |
|
Wayne Z
|
Primary Residence?
If so, interest, property taxes and the points you paid are deductible on the Schedule A.
Other items such as maintenance, insurance and most of the closing costs are not. |
|
rb_cubed
|
Property Tax, Insurance, Mortgage Interest Payments, on Federal Return - State Sales Tax if you itemize, Repairs. |
|
mazziatplay
|
Your property tax payments are deductible on your Federal Schedule A as is your loan fee and any discount paoints paid for which the lender will supply you with a 1099. |
|
sortaclarksville
|
Only if you itemize.
Points paid by you at closing are deductible.
Maintenance and insurance are not. The remaining closing costs (origination fees, appraisals, etc.) are not. |
|
jll1881
 |
I know it is in Maryland - not sure if this is a federal thing or a state-by-state thing. But it's definitely one of the perks of owning! |
|
Chris J, President at eTaxrelief
 |
Your real property taxes are deductible. These will be deducted on your Schedule A as an itemized deduction presuming this is your personal residence.
You should also be sure to deduct any property taxes you pay in escrow on the purchase. These can be found on the escrow documents themselves.
eTaxrelief.com |
|
mister ed
 |
not on federal tax but in illinois it applies to the state tax as a deduction. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 7 minutes(s) ago
| | | |
11 | 28 minutes(s) ago
| | | |
10 | 43 minutes(s) ago
| | | |
11 | 46 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
