DISCLAIMER: This guide is NOT intended as legal advice.

You should ALWAYS consult a tax attorney or specialized accountant for purchases of real estate in the USA.
We provide a roster of those at the end of this guide.
We are not obliged to update the contents of this guide, you should always check the sources for updated information.

The following article originally appeared in the Florida Bar Journal in May 2011.
It was obviously meant for attorneys, so it might at some point seem somewhat abstruse for the lay person.
We will attempt to clarify the terms used in a glossary.