28 Jul I’m selling an inherited home. What taxes will be due?
Your tax basis is generally the fair market value on the decedent’s date of death. ...
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27 Jul I’m an artist. What can I deduct for my donated paintings?
You must first determine its fair market value on the date of the contribution. ...
27 Jul If I sell on Facebook Marketplace or NextDoor, are the profits taxable?
The profit is subject to both income tax and self employment tax, ...
26 Jul If I work past age 70, can my Social Security benefits increase?
Social Security benefits are based on your highest earning 35 years. ...
26 Jul What happens if I don’t change a deed after a parent dies?
You need to record a deed before you can sell a property. ...
23 Jul My dad won’t sign off on our inheritance. What can we do?
You may need to have a court decide when there is a dispute....
23 Jul Dad died. How do we figure the taxes on Mom’s home sale?
You may be eligible for a capital gain exclusion when you sell a home. ...
22 Jul Can I get third stimulus because of the unemployment tax break?
Tax-free unemployment for 2020 may make you eligible for stimulus. ...