Real Estate Tax Archives

Knott Learning

IRS Form 8582 – Special Allowance for Rental Real Estate Losses

The Form 8582 is used to report passive activity gains and losses. If a taxpayer is invested in rental real estate activities, there is a special allowance to claim losses for those that actively participate in the activity.

Jason Knott2024-07-16T11:38:25+00:00Tags: Form 8582, Passive Activity Loss, Real Estate Tax|

Real Estate Taxes vs. Property Taxes – What Are the Differences?

Real estate taxes and property taxes are not necessarily the same thing. Real estate taxes apply to real property assets while property taxes can apply to tangible or intangible personal property assets. This article and video discusses some of those primary differences.

Jason Knott2024-07-11T18:52:06+00:00Tags: Investing, Property Taxes, Real Estate, Real Estate Tax|

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