The First-Time Homeowner's Tax Guide: An Essential Guide to Preparing Your Tax Return for a Maximum Refund

Balducci, Robert L.

ISBN 10: 1572486457 / ISBN 13: 9781572486454

Published by Sphinx Pub, 2007

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Bibliographic Details

• Title: The First-Time Homeowner's Tax Guide: An Essential Guide to Preparing Your Tax Return for a Maximum Refund
• Publisher: Sphinx Pub
• Publication Date: 2007
• Language: English
• ISBN 10: 1572486457
• ISBN 13: 9781572486454
• Binding: Paperback
• Condition: new

About this title

Synopsis

For many, nothing is as nerve-racking as buying your first home--that is, until it is to time prepare your taxes for the first time after the purchase. Mortgage interest deductions, property tax deductions, closing costs, depreciation, itemizations and Schedule A are all terms that the new owner may be completely unfamiliar with. The First Time Homeowner's Tax Guide can help.

This tax guide explains all the rules associated with home ownership when preparing your tax return, with instructions for completing the necessary forms. It focuses on the changes most new homeowners will face when having the ability to now deduct home mortgage interest and property taxes from their individual tax return, and takes the new homeowner through the process step-by-step.

Plus, in addition to helping the first-time buyer, it helps the first-time seller with the special capital gains rules of selling a home, as well as giving crucial tax advice to the first-time real estate investor.

About the Author

Robert L. Balducci is a Certified Public Accountant who owns a part-time tax practice that services over 2,400 clients in New York City annually. He has been in the tax business for over 15 years and has earned the nickname Mr. Tax. He lives outside of New York City.