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Hudson River Property
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Hudson Valley Real Estate Resource
info@hudsonriverproperty.com

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Real Estate Accounting and Taxes

Real estate transactions involve lots of money, and
 a lot of people and organizations require strict accounting
and record keeping.   For example, the IRS has huge interest
in large real estate sales.   Because of that, you should
consult a good tax accountant if you plan to invest.
 
The good old IRS

Uncle Sam wants to know if you made any money on your investment.
    The good news is that Uncle Sam has also given you many tax breaks
that you can take advantage of IF you take the time to learn them.
 
State and local governments

Everyone wants a share of real estate transactions
so there are many fees added onto a typical sale.
State and local governments sometimes offer tax breaks too, however.
It could be an easement, business incentive, urban renewal,
or one of many other possibilities.   Check with your town and state.

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