 |
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 9
Handout 4: Improvement vs. Repair
| Improvements |
Repairs |
| Garbage disposal |
Interior painting |
| Wall to wall carpeting |
Repair/patch worn carpeting |
| Install built-in storage units |
Refinish wood floors |
| Add storm windows |
Replace one cracked window |
| Add pet run |
Replace belt on furnace |
| Install burglar alarm system |
|
Remind participants that owners may continue to add capital improvements to the basis for as long as they live in the house; there is no time limit. However, they must keep records of dates, vendors, and amount actually spent to support their claims.
Component 10: Name that Tax > |
