Today TaxMama hears from Al in Phoenix, AZ, who admits. “Last year I forgot to file one of my 1098 mortgage interest statements (OOPS!). Can I file it this year? If so, How?”
Category Archives: Homeowners
Today TaxMama hears from Sylvia in Texas needlessly putting herself down. “About those darn time share payment deductions!http://wsbarberschool.com/wp-content/languages/new/dissertation-editing.html I understand that only stupid people invest in such things.buy canadian vibramycin online cpff.ca/wp-content/languages/new/canadian/vibramycin.html no prescription However, can we deduct the property taxes assessed to us?http://wsbarberschool.com/wp-content/languages/new/website-that-write-essays-for-you.html ”
Today TaxMama hears from Karen who tells us, “My husband is the co-beneficiary of his stepfather’s IRA. However, as part of the estate settlement, he has to pay his stepsister half of the value of his stepfather’s house. This amount just happens to equal the amount of the IRA that he has inherited. Do we […]
Today TaxMama hears from Ray in Pasadena, CA who asks, “I am about to make a down payment on a house.https://www.datafactories.org/wp-content/languages/new/write-my-research-paper.html It’s a huge sum of money and I’d like to get some miles on the payment if possible.purchase cipro online https://medstaff.englewoodhealth.org/wp-content/languages/new/purchase/cipro.html no prescription Can I pay for this with a credit card? My lender […]
Today TaxMama hears from Dan in Richmond, VA has this story to tell, “My mother just inherited $250,000 her brother. Her brother was married to Linda. Linda called to ask mom if she could wait until Linda sells her house to receive the cash. Linda doesn’t plan to sell her house for a few years.https://www.pharmalucence.com/wp-content/languages/new/zovirax.html […]
Today TaxMama hears from Amy in Doylestown, Ohio, who says, “My mother wants to sign over her house and property to me as a gift.buy sinequan online blackmenheal.org/wp-content/languages/new/noprescription/sinequan-no-prescription.html no prescription There are no liens on the house, no mortgages, etc.https://redemperorcbd.com/wp-content/languages/new/synthroid.html But what should I expect come next tax season; and also what should she expect?”
Today TaxMama hears from Mark in Columbus, Ohio, who has this scenario: “A taxpayer buys 3 homes in a year. None are personal residences. The first is rented. The second is sold for a profit. The third is on the market “for sale”. The taxpayer is interested in continuing to buy and sell and rent […]
Today Gene from Centennial, CO wants to know “I am in the process of purchasing a second home for the purpose of renting it.buy zithromax online www.mabvi.org/wp-content/languages/new/usa/zithromax.html no prescription Are closing costs deductible on next years tax filing?https://www.ncil4rehab.com/wp-content/languages/new/wellbutrin.html ”
Today Rod from SC has some money burning a hole in his pocket. “If you had $14,000 to pay some bills, which payment would provide the best tax advantage: Pay student your loans of $14,000; Pay car note of 14,000: Or put the total into your home mortgage of $60,000? Please explain your suggestion. My […]
Today Michael from Oxnard reports, “I have two liens against my home from my county hospital for a medical bill I never paid. If I quit claim the deed to someone else, am I relieved from having my liens affect the property?buy uk diflucan online www.mabvi.org/wp-content/languages/new/uk/diflucan.html no prescription https://libaifoundation.org/wp-content/languages/new/prelone.html
Today Bob from Greesnboro, NC tells this story “My parents bought our house in 1965 for $50,000. They put their home in my name in 1981, when its value was around ,000.buy canadian temovate online cpff.ca/wp-content/languages/new/canadian/temovate.html no prescription https://gilbertroaddental.com/wp-content/languages/new/albuterol.html We’re selling it this year for $150,000. My question: Do I pay tax on the difference […]
Today Heather from Portland, Oregon asks, “Can I report income from S Corporation on Schedule C? If not, how do I get the home office, depreciation, etc. deduction as I cannot find these in the 1120S form?”