Posts Tagged buying or selling investment real estate in Portland Oregon

The Point is………….?! Deducting “Points” on Real Estate Purchases and Refinances!

February10
"Getting to the Point" - Electric Light Orchestra Deductible Is the Point :-) To continue our week of blogs about real estate tax deductions...I wanted to "point out" that the term "points" refer to prepaid interest on a home mortgage and can be fully deductible by the buyer in the year paid if the right conditions exist. The points must be used to buy, build or improve a taxpayer's principal residence but not all fees charged by the lender are necessarily deductible. According to IRS Publication 936, "The term 'points' is used to describe certain charges paid, or treated a… Read More

Income Tax Deductions are a VERY Good Thing! Choose Wisely!!

February8
Brandy - "Decisions" Choose Your BEST Deduction! Once again it's almost tax time (sorry...didn't mean to bring you down) and we continue "Tax Week" on the Fabulous Portland Blog.  On Monday I posted a long list of documentation you might need to prepare your taxes.  However, some other "stuff" to consider:  one third of all U.S. households, 75% of households with more than $75,000 income and most homeowners itemize their deduction on their federal income tax returns (according to the IRS). Of course, this (usually) makes sense because the interest paid on their mortgage and their pr… Read More

The Tax Man Cometh…

February6
"Money for Taxes" - a parody! ;-) This is "TAX WEEK" on the Fabulous Portland blog!! Sorry to bring up taxes when we are just recovering from the holidays!! But, thinking ahead can make "tax-time" a little less stressful. Here is a list of information you might start digging up (if relevant to your tax situation) to get ready to complete your own taxes or submit to your accountant or CPA. Information and supporting documentation used to prepare tax returns Copies of all compensation and pension distribution reports – W-2(‘s), 1099(‘s), etc. Form(s) SSA 1099 (Social Security b… Read More

Utilizing a Self-Storage Unit During a Move: Tips and Compare!

February3
"Storage Wars Theme Song" This is a guest post by Matt Schexnayder of Sparefoot Marketing.  Check out and compare storage units for your move!! Top 5 Supplies for Self-Storage Storage So you thought you were ready for your move, until you realized that you just don’t have the space needed at your new home to house all of your belongings. What do you do? Sell your stuff, or perhaps give it away? Sounds displeasing. Instead, consider renting a Portland self-storage unit for the safe keeping of those non-essential items you can’t seem to part with. Self-storage units are the bes… Read More