nyc taxes Archives | Realty Collective

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

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

Apr 18, 2023 brooklyn,brooklyn landlord agent,Brooklyn Landlords,brooklyn real estate,landlord tax tips,landlords,nyc taxes,real estate taxes,red hook,tax season,taxes

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 […]

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

Jan 27, 2022 Brooklyn Buyers,Brooklyn Buyers Agent,brooklyn cooperative,brooklyn real estate,brooklyn realty,coop board,coop tax deductions,cooperative living,nyc taxes

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 […]

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Understand Transfer Taxes – and Their Loopholes

Oct 14, 2021 brooklyn real estate,brooklyn realty,buyer broker,Buying in Brooklyn,city taxes,closing,Closing Costs,mansion tax,nyc taxes,seller broker,seller costs,transfer taxes

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 […]

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