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What Tax Documents Do I Need To File My Taxes as a Landlord?

When becoming a landlord or property manager, you are responsible for reporting your rental income each tax season. You can be subject to costly fees, fines, or penalties if you don’t report the proper landlord taxes. This is especially true with the current 1099 requirement from the IRS.  1099 requires landlords to report rental income […]

Tax Time and Co-Op Living— What Co-Op Costs Are Tax Deductible?

If you currently live in one of Brooklyn’s historical & whimsical co-ops, you have a few things to keep in mind this tax season. We’ve put together a quick guide of tax deductions —and non-deductible costs— to help you out when you start to file. Check it out in the post below, and feel free […]

Understand Transfer Taxes – and Their Loopholes

If you’re looking into buying a Brooklyn home, it’s important that you understand all the costs that come up at closing. There are seller’s costs & there are buyer’s costs – and one of the trickiest costs that come up are called transfer taxes. What are transfer taxes? A transfer tax is the tax charged […]