I'm a little confused about deducting real estate taxes.  

Anything y’all do that makes tax season easier?  

The former creates more tax deferred liability. 

They may even start an actual audit of your tax return.What about private lenders then?

Why would I take commission on a house I bought and get taxed on it? 

-House was not in a trust- as I understand we will need to pay taxes on gains (parents bought it for about 12k in 1969, zillow says about 150k today)-House is not MLS-ready. 

I recently received a letter from the tax assessor explaining tax assessed value of the property increased to the purchase price I paid for. 

Specifically, the areas near Wake Forest Medical School and Wake Forest Baptist Medical Center have attracted investors, as students are seeking rentals during residency.Favorable Tax Laws:  North Carolina boasts relatively low tax rates compared to many other states, with property taxes averaging at 0.70%, which is below the national average.

I recently had my taxes filed with a new CPA, and i'm not 100% certain if my taxes were filed correctly.

Having reviewed what's previously been discussed on this forum regarding whether people list what their actual cleaning cost is vs. a reduced (or in some cases inflated) price, can anyone share if there is a tax liability with this I'm unaware of?