Tax deductions for victims of real estate theft and fraud
Article Abstract:
Owners of real estate may be able to deduct realty losses from their taxes if the losses stem from an act of fraud or theft. All or most of the property loss may be deducted if the property is used in business or trade. However, real property losses in which the property is for personal usually results in deductions that are only a fraction of the property's real worth. Other important issues to consider when real estate losses have occurred are covered.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1996
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Rev. proc. 2005-14 and the use of sections 121 and 1031 in tandem
Article Abstract:
The clarifications furnished in Rev. Proc. 2005-14 relating to usage of I.R.C. Sections 121 and 1031 in team are discussed. These sections relate to taxation of capital gains on real estate.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 2005
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Structuring the sale of an employee's home under an employee relocation program
Article Abstract:
The question of ownership of homes being sold by employers offering relocation program to its employees is discussed.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 2007
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