Strategic Representation With A Modern Approach To The Law

Real Estate

Real Property Law from the Perspective of Real Estate Brokers and Agents

From the standpoint of brokers and agents in the sale of real property, it is desirable for escrow to close as soon as possible, in addition to being paid upon close of escrow for services rendered. Unfortunately, issues involving real property law can cause delays, or in some instances, cause escrow not to close at all. While contractual and lender…

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Real Property Loss Limitations and Real Estate Professionals in California

It is quite common for a rental property to generate a loss for tax purposes, particularly where there are significant improvements made on a property, or where a property is unoccupied for a period of time. However, there may be some limitations on the amount of rental losses that are deductible in a given year, known as the “at-risk rules” and…

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Do You Have to Report Capital Loss on Real Estate to the IRS in California?

For most people and small businesses, transactions involving real property are often the most substantial transactions that they will experience over the course of their lives. When you sell real estate for less than you paid for it, you might feel embarrassment that discourages you from reporting your loss to the IRS. As a taxpayer, you must disclose all substantial…

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Are Property Taxes Deductible from Federal Income Tax in California?

Taxes are rarely simple. Many taxpayers turn to tax attorneys and other experts when filing their taxes to help them get it right. Nobody wants to file inaccurate taxes and possibly be hit with penalties. However, everybody wants to maximize their deductions to minimize the amount of money they owe to the government. Property taxes in California, and many other…

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