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Home Events Austin Title: Mortgage and Real Estate Taxation

Austin Title: Mortgage and Real Estate Taxation

Course provided by CMPS Institute / License #10155 / TREC #36294 
When: Thursday, June 4th, 2020
Time: 10:00am – 1:00pm
Instructor:Matt PoseyCost: $30


Overview & Learning Objectives:In this course, we’ll discuss real life examples of how you can help your clients evaluate their real estate options in a way that’s fully compliant with federal tax laws and regulations. Here are three stats that point to the importance of why a real estate agent should be familiar with tax concepts: * According to the National Association of Realtors, cash buyers currently represent approx. 30% of all home purchases. Yet, many of these buyers are unaware of the tax consequences of doing so. * On the other end of the spectrum, 27% of first-time homebuyers use gift funds to help with their down payment. Further, the New York Federal Reserve Board recently concluded in a study that a homebuyer’s down payment strategy can improve housing affordability by a whopping 40%. * According to the National Association of Realtors, investors currently represent approx. 20% of all homebuyers. Many of these investors wonder about the benefits of converting their investment or vacation homes into primary homes, and vice versa. Learning objectives:* How the mortgage interest deduction works on primary homes and vacation homes, and how this impacts the client’s mortgage and real estate strategy* How to make better use of the primary residence exclusion to the capital gains tax* How the 3.8% investment tax works, who needs to pay it and when it needs to be paid* How the capital gains tax works when people convert their primary home into a rental property and vice versa* How rental income, depreciation, capital gains, and capital losses are taxed on investment properties* How the gift tax works, who needs to pay it and when it needs to be paid* How to make better use of the annual and lifetime exclusions to the gift tax when clients use gift money for a down payment* How to avoid paying gift taxes on a private loan between family members* How tax basis works and why it matters

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