Financing in Las Vegas>Question Details

Waywardbelle, Renter in Las Vegas, NV

Which tax provision do home owners often overlook?

Asked by Waywardbelle, Las Vegas, NV Thu Mar 7, 2013

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3
AS: Because you receive a statement from the bank with details [such as] how much mortgage interest you paid over the year, and how much the bank pays on your behalf in real estate taxes, the number of mistakes has dropped.
But if you’re in a state where you pay the real estate taxes on your own — the bank doesn’t handle it for you — [people] make mistakes because sometimes real estate tax bills include other items besides pure real estate taxes. It could be trash collection fees; it could be snow removal fees that the state or county is assessing on the real estate tax bill. Since the items are included in the same bill, home owners sometimes deduct [those fees] regardless of whether the items are actually taxes.


David Cooper
http://www.lasvegaswinner.org
1 vote Thank Flag Link Sat Mar 16, 2013
The points paid could easily omitted sometime. If you are uncertain, talk to a tax consultant.

Margaret
Keller Williams Realty, the Market Place
RealEstate.LasVegas@aol.com
702.280.8859
0 votes Thank Flag Link Thu Mar 7, 2013
Consult a CPA.

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes Thank Flag Link Thu Mar 7, 2013
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