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Does the buyer have to pay capital gains on the seller's concession if the property in question is for investment and not primary residence?
Wiki User
∙ 18y ago
No!
Wiki User
∙ 18y ago
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Can you deduct homeowner association dues?
Usually not, since your assessments pay for services and contributions to your reserve accounts.
Is Indianapolis investment property going out of business?
"The best way to answer this question is to say that The Indianapolis investment property is not going out of business. They are in fact thriving, and will continue to do so."
If you buy a condo for an investment can you deduct the interest on the mortgage?
Your tax consultant can answer your specific question, because of the details involved. But generally in USA, mortgage loan interest on real property is deductible. However, since this is an investment and not your primary residence, the answer may be different. Also, your answer may depend on whether you are asking on behalf of a corporation, or on behalf of an individual. == ans == The above is almost laughable. Interest incurred in the effort to make taxable income (on an investment) is an expense for tax. Corporate or personal return is not a consideration. Investment interest is an expense for either. There is no special tax on "real property" at all in the US. There is an interest deduction allowed if incurred for your primary residence (which may or may not be real estate), under a number of qualifying circumstances.
What is deductible when there is a loss in real estate invested?
There are so much information needed to answer this question but the general rule is that as long as it is a TRUE investment and not a personal residence then all costs related to the property are deductible but not the mortgage amount as you were not taxed when you received the mortgage-but again-beware there are many questions that must be asked before this topic is complete.
What are the meaning of concede?
To yield or suffer; to surrender; to grant; as, to concede the point in question., To grant, as a right or privilege; to make concession of., To admit to be true; to acknowledge., To yield or make concession.
What is meaning of concede?
To yield or suffer; to surrender; to grant; as, to concede the point in question., To grant, as a right or privilege; to make concession of., To admit to be true; to acknowledge., To yield or make concession.
Does a landlord or owner have to have a property insurance?
If the property in question is not paid off and there is still a mortgage to be paid, the mortgage company requires that the purchaser have full insurance coverage on the property. They do not want to lose their investment to a careless fire! If the property is paid for and there is a different person living in the house and paying rent, usually the property owner requires the renter to carry full coverage insurance on the house. I hope this is helpful and answers your question.
Who has a residence and stronghold of a feudal lord?
You answered your own question in your question
Where do I begin to look for an investment property in the Los Angeles area?
I really am not sure how to answer this question because I don't know myself. I did do a search and found this website. http://www.buyincomeproperty.com/
Can a search warrant be issued for a third party residence in Florida?
Don't understand the question. What do you mean by a "third party residence?"
Are Home owner association fees tax deductible?
Your tax attorney can answer your question directly. Assessments pay for maintenance, upkeep and protection of real estate assets, and these expenses are not normally tax deductible if this is your primary residence. If, however, your property is an income property, your tax advisor may have a different answer for you.
Can a mortgage debt from foreclosure be leined against a vacation home?
The answers on this depend greatly on the state the home is in, whether or not the home that was foreclosed was an investment or primary residence, and what type of mortgage debt you're referring to. If you can clarify these points I will be better able to answer your question. No matter what the answer, no lien can be placed on your other property without a court judgment. Whether or not the mortgage company can take you to court over the debt is what depends on the facts mentioned above.
