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....
Real Estate
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. ...
25 Sep What taxes will our kids owe when they inherit our vacation home?
There are two taxes to consider when someone inherits a home. ...
24 Sep Can I evict my ex-girlfriend now that we’ve broken up?
If you've accepted rent payments, courts may decide you had a verbal agreement. ...
21 Sep Why isn’t the ‘exit tax’ collected when you file a tax return?
The exit tax is an estimated tax on the sale of a home in N.J....