02 Nov Can you avoid the exit tax if you’re over 65?
The exit tax is really an estimated tax on the sale of your home. ...
Real Estate
28 Oct After my husband died, how can I qualify for the Senior Freeze?
There are specific requirements to qualify for this property tax break for seniors. ...
20 Oct We’re selling our home. What will we owe in taxes?
You may be eligible for a capital gains exclusion to reduce your tax liability. ...
16 Oct What happens with taxes when this married couple sells their home?
There are two tests to pass before you can take the capital gains exclusion....
14 Oct Will the IRS know if I’m truthful about early 401(k) withdrawals?
Early withdrawals under the CARES Act must be for a COVID-19 reason. ...
09 Oct Is there a COVID-19 exception for this real estate deduction?
Before you can take this deduction, you must meet very specific requirements. ...
05 Oct After divorce, what taxes will I owe on this home sale?
Several issues come into play when selling a home after a divorce....
25 Sep We bought a house and broke up. What happens with taxes when I sell?
You could owe capital gains taxes depending on the sale details. ...