Taxes

March 2020 Prop 13 Analysis – Will it change your property taxes?

https://youtu.be/AuOO0kvnxQQ   REVISED Prop 13 – An Analysis by Aaron Zapata, MBA (PLEASE COMMENT AND SHARE) NOTE: Thank you to those that provided me more data for me to review. I’ve updated my video and posting to reflect this information.There are two votes taking place this year: In March we are being asked to approve a $15 Billion Bond for our schools. In November we are...

Tax Tips for New Homeowners

Congratulations on your new home! Whether a condominium, cooperative apartment, single-family home, townhouse or mobile home, your home-sweet-home affects your tax status. If this is the first year you'll be filing your taxes as a homeowner, there are a few things you need to know to take the most advantage of your new status. Before filing your taxes, be sure to discuss each of these with your tax...

Will I pay taxes on my short sale?

Here is a great article that gives the basic nuts and bolts about debt forgiveness and the taxes associated with short sales. What You Need to Know about Cancellation of Mortgage Debt By Linda Goold -RISMEDIA, Monday, March 12, 2012— This column is brought to you by the NAR Real Estate Services group A lender will, on occasion, forgive some portion of a borrower’s debt. The general tax rule that...

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