Buying & Selling Real Estate in Washington

What tax considerations are involved?

Every real estate transaction has certain tax effects upon the parties involved. Steps may often be taken when negotiating the initial Purchase and Sale Agreement to reduce or adjust tax obligations or postpone payments. Federal income tax, estate taxes, excise taxes and other consequences are complicated and the laws frequently change. Whether buying or selling real estate, advice from one's tax professional can be critical in understanding and dealing with tax considerations.