Peace Sotheby's International
Your Home and Taxes
The information provided by the Internal Revenue Service (IRS) will help you with all of your tax questions. This site provides homeowners what expenses they can and cannot deduct. Residential Rental Property (Publ 527) helps you with dilemmas by discusses rental income and expenses, and explains how to report them on your return. Moving Expenses (Publ 521) explains the deduction of certain expenses of because you changed job locations or started a new job do to a move. Selling Your Home (Publ 523) explains the tax rules that apply when you sell your main home. Tax Information for First-Time Homeowners (Publ 530) provides tax information for first-time homeowners including how you treat items such as settlement and closing costs, real estate taxes, home mortgage interest, and repairs.
Files will be viewed as downloadable PDF files.
Exchanging can sometimes involve complicated legal and tax issues. And, the failure to comply with applicable Like-Kind Exchange Regulations can jeopardize the potential tax deferred status of your transaction.