Legal Question in Real Estate Law in Florida

Is their any difference between property taxes between investment property and second home? And will I need a cpa to help me with my income taxes? And do I need an attorney to go over the contracts of purchasing condotels?


Asked on 11/06/09, 7:17 am

1 Answer from Attorneys
Chris McChesney The Law Firm of Chris McChesney

It depends on your location, but generally speaking, the property tax of a rental property can be higher than the property tax of a personal domicile. Also, the income from the rent counts toward your income for Federal income taxes. I can't speak the cpa question; however, any time you are considering the purchase of real property, an attorney can ensure that you understand all the implications of the contracts prior to signing them.

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Answered on 11/13/09, 11:19 am


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