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Rainmaker
5,117,178
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't opine on tax issues as a Realtor. Not only are the tax benefits unique to each situation, it's something that a tax professional needs to review with property owners.

Mar 19, 2019 04:21 AM
Ambassador
5,258,966
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

The benefits are different for everyone in each state. Consult your local CPA or tax attorney regarding this topic.

Mar 18, 2019 08:22 PM
Ambassador
2,190,182
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

A great question for your accountant and tax attorney.  In short, the answer is: MANY!

Mar 18, 2019 07:34 PM
Rainmaker
1,209,456
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Great questions, multiple answers but basically check with your accountant on each issue.

Mar 18, 2019 07:32 PM
Rainmaker
1,202,697
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

The best place for that information is with a tax attorney or CPA. Real Estate ownership is a known producer of wealth

Mar 19, 2019 06:52 AM
Rainmaker
1,728,867
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

The tax benefits are changing, so you need to be current with all the tax laws.

Mar 19, 2019 06:27 AM
Ambassador
6,426,155
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Most of us would be in trouble for answering this question since we are not CPAs.

Mar 19, 2019 04:39 AM
Rainmaker
1,093,547
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

It will vary from state to state and one person to another depending on their situation and the type of property.   Consult your CPA, tax attorney and real estate attorney for specifics.

Mar 18, 2019 10:43 PM
Rainmaker
5,246,557
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

While the new tax law has limited some former advantages, for most there are still some. Contact an accountant or tax attorney for more details!

Mar 19, 2019 04:07 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Ask your CPA

Mar 18, 2019 08:25 PM
Rainmaker
4,907,547
Richard Weeks
Dallas, TX
REALTOR®, Broker

1 the deduction of taxes and interest .

2 appreciation

3 appreciation

Mar 18, 2019 07:58 PM
Rainmaker
511,314
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Ah, tax questions. Real estate CAN offer tax benefits. BUT, it depends on the owners tax situation. It is different for everyone. Some get a lot of benefit some not so much.

Mar 18, 2019 07:31 PM
Rainmaker
2,222,281
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a great question for a CPA or tax adviser. 

Mar 19, 2019 06:16 PM
Rainmaker
1,712,876
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would have to do a long post on this.

Mar 19, 2019 06:33 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

They are a changing, so asking an accountant is a must.

Mar 19, 2019 05:32 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

tax questions are best answered by an accountant..... 

Mar 19, 2019 05:28 AM
Rainmaker
1,625,353
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Looks like a new reform favorites investment properties only.

Mar 18, 2019 11:04 PM
Rainmaker
5,879,816
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

Mar 27, 2019 04:00 PM
Rainmaker
4,968,101
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

As long as we can deduct interest it is major.

 

 

Mar 23, 2019 11:02 AM
Rainmaker
1,326,624
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

For this question, you need to talk to your tax professional.

Mar 20, 2019 02:48 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

SPA will have a good answer.

Mar 19, 2019 07:25 PM
Rainer
1,365
Dan Nolan
The Cornerstone Group - Orange City, FL

Federal tax free up to 500k appreciation for a couple on 1st home. 2nd home:-Hopefully, cost efficiency for extended stay in preferred location, possible tax relief of appreciation through long term capital gains. Income Property -, actual cash flow plus possibility of long term appreciation with long term capital gains taxation and wealth building.

Mar 19, 2019 03:05 PM
Rainmaker
902,538
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They have dwindled significantly due to the "tax reform".

Mar 19, 2019 01:13 PM
Rainmaker
5,773,367
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We do not give tax advice.  Each state differs, check with your local CPA

Mar 19, 2019 12:09 PM
Rainer
431,142
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

This is an excellent question for a CPA, or attorney. I am not licensed to give tax advice, and with the new tax laws, I have no idea what they are any longer. 

Mar 19, 2019 11:19 AM
Rainmaker
7,871,831
Roy Kelley
Retired - Gaithersburg, MD

Visit IRS website for all of the information you need.

Mar 19, 2019 10:15 AM
Ambassador
3,350,764
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Speak with a CPA or tax attorney. 

Mar 19, 2019 09:52 AM
Rainmaker
1,242,204
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

They are all different. 

Mar 19, 2019 07:50 AM
Rainmaker
1,507,073
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Check with you CPA and/or financial planner.  It varies based on your situation.

Mar 19, 2019 07:49 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Ask SPA.

Mar 19, 2019 07:29 AM