One of the many reasons people choose to invest in real estate over stocks and bonds is because of the tax haven. There are a lot of tax benefits when purchasing real estate, especially within the first few years. However, there is also additional tax exposure when investing in real estate, real estate as a Business.
Before you invest, speak with a licensed CPA or other tax professional so you can learn what the additional taxes are. Expenses like capital gains, on top of your property taxes, as well as other state and local taxes that will affect what you pay at closing.
Author:John Lewis Phone: 201-855-9377 Dated: March 31st 2019 Views: 134 About John: Specializing in Distressed Properties and Foreclosures, I have been regarded as "the angel realtor."...
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