17 Dec Can I deduct rental losses from another state?
You may get a credit in New Jersey for a losses incurred in another state. ...
15 Dec Should I add my daughter’s name to my home’s deed?
There can be big ramifications for Medicaid and capital gains taxes....
11 Dec I’m a Florida resident now. Will I owe the exit tax on my N.J. home?
The exit tax is really just an estimated tax withheld when you sell a home and leave the state. ...
09 Dec If I rent after I sell my home, do I have to pay taxes on the profit?
Taxes owed on a home sale are determined by several specific rules. ...
08 Dec When will I get a refund of the exit tax from my home sale?
Tax authorities had slowdowns because of the coronavirus pandemic. ...
04 Dec What happens to tax credits now that our home is in a trust?
There may be unintended consequences by putting a house in a trust. ...
02 Dec When I sell my N.J. rental home, can I buy in Florida and defer taxes?
If you try a 1031 exchange, make sure to work with experienced professionals. ...
02 Dec Can I count improvements twice for cost basis when I sell my home?
You can't double-dip when it comes to home improvements and capital gains taxes. ...
01 Dec Will this inherited house be subject to the inheritance tax?
The inheritance tax is based on the relationship of the heir to the deceased. ...
30 Nov Our primary home became a rental. What taxes will we owe when we sell?
Taxes owed on a home sale will depend on the history of your ownership....