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  • Posted in: All member Forum

    Would a section 15 of the Illinois Condominium Property Act qualify for unforeseen circumstances on the sale of personal residence? Client's condominium building sold to investor who converted building into apartments pursuant to 765 ILCS 605/15). ------------------------------ ...

  • Posted in: All member Forum

    Paul, Following is the link to the DORs information page about the income tax and property tax rebates. I highlighted the question which answers your question since the rebate is not subject to Illinois income tax you do not have to adjust your ...

  • Posted in: All member Forum

    Numerous local governments in Illinois are currently rebating to taxpayers a portion of the property taxes they paid in 2022.  Are such rebates income to report on their Federal 1040 for 2022?  Or should the rebate be netted against the property taxes ...


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