Real Estate Tax Issues for Homeowners

Updated for 2007 Tax Rules

Minimize your Tax Liability by understanding and utilizing
tax breaks available to you!  Increase your knowledge in the
Federal Tax Laws that affect your Real Estate Investments!

The Real Estate Owner web site will provide tax knowledge and
tax savings ideas for homeowners.  This is not a site that will
tell you how to do your taxes but will direct you through the
federal income tax issues typically faced by the homeowner.

The tax information on this site is current and will always be
up to date with the current Federal IRS Tax Rules!

The only person accountable for your tax burden is YOU.
Like most people you probably have an accountant handle
your taxes.  Do you really know if you are paying the least  tax
possible?  Using the resources on this "Real Estate Owner"
web site you can develop your own tax strategies to minimize
your tax liability.  It's better to plan ahead now rather than
having an accountant tell you what you "should have done"
in the prior year. 

The IRS has given homeowners unique tax benefits which are
not available to those who rent property.  You owe it to yourself
to have a working knowledge of tax rules concerning your biggest
investment; YOUR HOME.

I have developed this web site out of a frustration of looking for tax
saving strategies.  After considerable research of the IRS tax
codes and publications I decided to create a site that everyone
can benefit from.   If you are interested in saving money and
lowering your tax liability, read on.  The information in this
site is FREE!!!

This site is not tax advice.  It is simply an overview of the
 the federal tax rules affecting your real estate.  For
advice, you should always consult with a tax
professional such as an accountant or an attorney.
 

This site covers several aspects of real estate tax issues. 
Hopefully you will find what you need here.  You can find
more information on the IRS website.  The "IRS Publications"
section breaks down all the IRS publications that have been
discussed on this website.

Prorated Real Estate Tax Examples

Cost Basis Adjustment

Solar Tax Information

Real Estate Links Page 4

Real Estate Links Page 5

Real Estate Links Page 6

Tax Accountants