Unit 8: Income Taxation and Homeownership

Question 1

T/F Real estate brokers should not advise on tax advantages or disadvantages but should recommend that buyers and sellers seek the advice of a qualified tax consultant.

Answer 1

True

Question 2

What can owners deduct on a first or second residence?

Answer 2

POIT

1. Points
2. Origination
3. Interest
4. Taxes