Real Estate and Property Tax Foundations: How Real Estate Is Taxed

Real estate carries specific tax implications across ownership, sale, and rental. Understanding the basic frameworks helps homeowners, prospective buyers, and rental property owners plan well. This course gives you a calm, structured introduction. You will learn the basics of property tax, the role of mortgage interest deduction, capital gains treatment on home sales, and the tax treatment of rental income. The course stays grounded in widely used principles and respects that specific rules vary by jurisdiction and evolve over time. What you'll learn: - Understand property tax including assessment, rates, and payment - Recognize the mortgage interest deduction including current limits - Read primary residence sale exclusion including the section 121 framework - Identify rental income taxation including income, expenses, and depreciation - Apply principles for documenting basis in real estate from purchase forward - Distinguish informational guidance from individualized advice for actual filings The course begins with property tax, moves through mortgage interest deduction, primary residence sale exclusion, rental taxation, basis documentation, and closes with the line between information and individualized advice. Written exercises help you understand your situation. This course is designed for absolute beginners with no real estate tax background, including current homeowners, prospective buyers, and small rental property owners. No prior background is required. The course is informational and does not provide individualized tax advice; real estate transactions can have significant tax implications and benefit from consultation with qualified tax professionals.