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 […]
Tag Archives: Inheritance
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 helps Dave in Rochester, IL who is freaked about an audit “My mother died in 2003. She left about $35,000 to me to help send my 3 kids to college. I set up 3 custodial funds with evenly divided funds. My 2003 tax return is now being audited by the IRS. (Like I […]
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 […]