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Home Events Austin Title: Mortgage & Real Estate Taxation

Date

Aug 11 2020

Time

1:00 pm - 4:00 pm
REGISTER

Austin Title: Mortgage & Real Estate Taxation

Mortgage & Real Estate Taxation 3 Hours CE Credit  
When: Tuesday August 11th, 2020
Time: 1:00pm – 4:00pm
Instructor: Matthew Posey

Cost: $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. * 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

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