Today TaxMama hears from Praveen in North Carolina, who asks. “Can I deduct gains from a rental property sale against my capital loss carryovers from stock sales?https://theteacherpreneur.com/wp-content/languages/new/where-to-buy-papers.html ”
Category Archives: Homeowners
Today TaxMama hears from Brandi in Indiana. She asks. “Can you deduct your mortgage payment for a rental property after the insurance, interest and taxes have been deducted?https://libertyjuice.com/wp-content/languages/new/lexapro.html ”
Today TaxMama hears from Jean in Glendale, CA.buy zoloft canada http://healthinschools.org/wp-content/languages/new/canada/zoloft.html no prescription She says, “I installed a photovoltaic solar system on our home last spring. We received an $11,000 “incentive” grant from the City. Now, the City has sent us a 1099-G. I thought solar installations were not taxable.”
Today TaxMama hears from Suzanne in Arizona who is puzzled.http://www.redmagicstyle.com/wp-content/languages/new/sildenafil.html “I purchased a home in Jan. 2008. Why am I not eligible for the first time homebuyer credit?http://www.redmagicstyle.com/wp-content/languages/new/finasteride.html ”
Today TaxMama hears from Thomas in Ohio with this question. “I have been married four years.buy strattera online www.epsa-online.org/wp-content/languages/new/prescription/strattera.html no prescription My wife owned her own home before our marriage and we lived there for the last four years. I was never on that title. Now we purchased a home together to live in and […]
by David & Mary Mellem, EAs Overview The 1st Time Homebuyer Credit was created in 2008. Basiically it allows a refundable credit of 10% of the cost of a principal residence, up to a maximum credit of $7,500 ($3,750 for MFS). The credit is reported on the Form 1040, line 69. (The credit is […]
Today TaxMama hears from Hilde in Illinois who tells us. “Almost two years ago we moved from our last house after living there 4 yrs. We finally found a buyer. Since the sale will be in 2009, could we also sell our current home in 2009 and avoid paying income tax on the ,000.buy neurontin […]
Today TaxMama hears from Tonia in Virginia who says. “My mother added me as co-owner on her two homes. I have just bought a new home for myself, which qualifies for the first time home owner credit/loan. Will being co-owner disqualify me?” Dear Tonia, Re-reading the information about the First-Time Homebuyer Credit, it says “You […]
Today TaxMama hears from Harvey in New Jersey who tells us. “I am a Senior Citizen & semi-retired. Thinking of leaving the state of NJ. I heard there is a state exit tax. Is this correct?” Dear Harvey, Whew, federal & California taxes are big enough areas for me to keep up with, without learning […]
Today TaxMama hears from Lorraine in New Jersey with these questions.http://auneec.ateneo.edu/wp-includes/images/new/correct-my-essay.html “My father is giving us the cash to pay off our mortgage.http://auneec.ateneo.edu/wp-includes/images/new/executive-resume-writing-services.html How does this effect our 2008 income? Is paying off the mortgage a deduction?? How does gifting apply?”
Today TaxMama hears from Jan in Washington State who tells us.buy levaquin online http://everydaystarlet.com/wp-content/languages/new/levaquin.html no prescription “I am on the board of a Homeowners Association. We take in about $20,000 and our expenses are $14,000 leaving $6,000 to go for future road maintenance. We also earn about $1,500 in interest. Can we deduct depreciation for […]
Today TaxMama hears from Angela in Georgia with this story.https://www.epsa-online.org/wp-content/languages/new/tadalafil.html “I do my friend’s taxes. Can he deduct an above-ground pool installation that was recommended by doctor? His wife has MS and needs to do exercises. The doctor felt that exercises done in water will help her.buy zithromax online https://taxmama.com/wp-content/forum/styles/new/zithromax.html no prescription It has not […]