Unit 18: Taxes Affecting Real Estate Flashcards

1
Q

Exemption from Property Tax

A

Complete

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2
Q

Immune Properties

A

Complete

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3
Q

Partially Exempt Properties

A

Complete

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4
Q

Deadline for Filing Homestead

A

Complete

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5
Q

Homestead Tax Exemptions

A

Complete

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6
Q

Additional Exemptions for Owners of a Homestead Property

A

Complete

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7
Q

Cumulative Homestead Tax Exemptions

A

Complete

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8
Q

Save Our Homes & Portability

A

Complete

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9
Q

Convert Mills to decimal

A

Complete

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10
Q

Calculate Property Taxes for a Homestead

A

Complete

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11
Q

Special Assessment - Math - Calculate Street Paving Assessment

A

Complete

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12
Q

Sale of Real Property - Calculate the adjusted basis Lines

A

Complete

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13
Q

Disposition of Real Property from Foreign Sellers

A

Complete

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14
Q

Requirments of the Foreign Investment in Real Property Tax Act (FIRPTA)

A

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15
Q

Calculate Withholding for FIRPTA

A

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16
Q

Determine Taxable Income

A

Complete

17
Q

Recognize qualifying deductions

A

Complete

18
Q

Reserve for Replacements

A

Complete

19
Q

Is the entire amount of Reserve for Replacement tax deductible?

A

Complete

20
Q

Straight Line Depreciation

A

Complete

21
Q

Is the annual percentage of the Straight Line Depreciation deductible?

A

Complete

22
Q

IRS useful asset life

A

Complete