Unit 18: Taxes Affecting Real Estate

Question 1

Exemption from Property Tax

Answer 1

Complete

Question 2

Immune Properties

Answer 2

Complete

Question 3

Partially Exempt Properties

Answer 3

Complete

Question 4

Deadline for Filing Homestead

Answer 4

Complete

Question 5

Homestead Tax Exemptions

Answer 5

Complete

Question 6

Additional Exemptions for Owners of a Homestead Property

Answer 6

Complete

Question 7

Cumulative Homestead Tax Exemptions

Answer 7

Complete

Question 8

Save Our Homes & Portability

Answer 8

Complete

Question 9

Convert Mills to decimal

Answer 9

Complete

Question 10

Calculate Property Taxes for a Homestead

Answer 10

Complete

Question 11

Special Assessment - Math - Calculate Street Paving Assessment

Answer 11

Complete

Question 12

Sale of Real Property - Calculate the adjusted basis Lines

Answer 12

Complete

Question 13

Disposition of Real Property from Foreign Sellers

Answer 13

Complete

Question 14

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

Answer 14

Complete

Question 15

Calculate Withholding for FIRPTA

Answer 15

Complete

Question 16

Determine Taxable Income

Answer 16

Complete

Question 17

Recognize qualifying deductions

Answer 17

Complete

Question 18

Reserve for Replacements

Answer 18

Complete

Question 19

Is the entire amount of Reserve for Replacement tax deductible?

Answer 19

Complete

Question 20

Straight Line Depreciation

Answer 20

Complete

Question 21

Is the annual percentage of the Straight Line Depreciation deductible?

Answer 21

Complete

Question 22

IRS useful asset life

Answer 22

Complete