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....
26 Nov Can I reduce capital gains tax on a depreciated rental property?
There is a way to delay paying taxes on a rental home sale. ...
16 Nov What happens to mom’s reverse mortgage if she dies?
When a reverse mortgage holder dies, the mortgage comes due and must be paid. ...
12 Nov My home’s assessment went up. What about the Senior Freeze?
Several factors are considered for eligibility for this tax break....
06 Nov If I sell my home and rent instead, do I pay taxes on the profit?
You may not have to pay any tax, depending on the details. ...
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. ...