I have added "Tax" as a keyword on the BP forum, doing some internet searches, and thinking a lot about it.        

Of course, it never hurts to tax a tax sale attorney out to lunch either....   ;-) 

Or do you pay an income tax as well?

NY recognizes 1031s for purposes of deferral of state tax as well. 

Title examinationRealty Transfer FeeRealty Transfer Fee TaxAs far as I am concerned, what other additional costs should a buyer pay beyond the title search and transfer tax?

All of us in the tax/accounting industry around Cleveland would tell investors about municipal tax (which as @Timothy Murphy III pointed out is not just RITA, but also CCA, and some cities run theirs independently... or don't have it but then it turns out that you're on the edge of a different taxing municipality than you thought...and then some cities don't tax passive income and others do...).Unfortunately, for most tax returns, I spend as much time figuring out my client's municipal tax as federal tax.

If you open up your own brokerage, you can operate as an "S - Corp" and have 50% of your profits not subject to FICA tax.

This is also why estates worth more than $5.43MM are hit with estate tax as they have exceeded the lifetime exclusion.Second, if your mother gifts you the property (i.e.

The tax record shows that it is a 2 family and previous owner paid tax as a 2 family for the past 28years.

Here in Nevada if you quit claim your property into an LLC there is no transfer tax as long as you are the sole owner of the LLC (your spouse can be an owner as well). 8)