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Category - Real Estate Information - General Real Estate Information

What Are The Income Tax Implications For Real Estate Investments?

Present-day tax benefits include tax deductions for depreciation, the deferment of capital gains when property is exchanged and deductions of losses from real estate investments.  A buyer of investment property should seek professional tax advice to keep abreast of the changing laws.

 

A capital gain is considered a short-term gain if the asset is owned for 12 months or less.  It is considered long-term if the asset is owned for more than 12 months.  The maximum tax rate on long-term capital gains is 10 percent for taxpayers in the 15 percent tax bracket and 20 percent for all others. 


Category(s)
Home Ownership FAQ's - Homeowners Insurance
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Real Estate Information - General Real Estate Information
Home Buying FAQ's - Insurances & Taxes
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