REALTOR® Magazine Online: Common Real Estate Tax Mistakes Quiz

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			SALES MEETING TOOL KIT: REAL ESTATE TAXES 101
	Real Estate Taxes 101, Introduction Component 1: Facilitator Talking Points Component 2: Real Estate Taxes 101 Meeting Agenda Component 3: Activity 1, Common Real Estate Tax Mistakes Quiz Component 4: Answer Sheet for Activity 1, Real Estate Tax Mistakes Component 5: Handout 1, What Can You Deduct When You Own a Home? Component 6: Activity 2, What Tax Deductions Mean to the Homeowner Component 7: Handout 2, What’s Your Real Gain? Component 8: Handout 3, A Basis Worksheet Component 9: Handout 4, Improvement vs. Repair Component 10: Activity 3, Name That Tax, or How Fast Can You Calculate Component 11: Answers for Activity 3, Name That Tax, or How Fast Can You Calculate Component 12: Other Resources		Component 3 Activity 1: Common Real Estate Tax Mistakes Quiz 1. A seller must buy another home within eighteen months of the sale of a principal residence to avoid paying taxes on gains. T F 2. You don’t have to live in your home at the time it is sold to qualify for the capital-gains exclusion. T F 3. A seller must be over 55 years of age to qualify for an exclusion of capital gains on the sale of a home. T F 4. An owner can deduct the mortgage interest for two residences at a time. T F 5. A homeowner may deduct all money spent on improving a home as expenses in the year the money was spent. T F Component 4: Answer Sheet for Real Estate Tax Mistakes Quiz >

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