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My mom died and i having to do her 2020 taxes.she sold her
My mom died and i having to do her 2020 taxes.she sold her she lived for 60m years and she was 84 years old on ssi..she sold her home for 730,000 if could give me a ruff estimate how much i will have … read more
Christopher B, Esq.
Christopher B, Esq.
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My mother is 78 and is selling her house in Los Angeles. The
My mother is 78 and is selling her house in Los Angeles. The most recent property tax assessment was $338k. The house is listed for $1,000,000. She is on SSI and doesn't have the income to qualify to … read more
Rick
Rick
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I have recently moved into my mother's home to become her
Hello, I have recently moved into my mother's home to become her caregiver. We have discussed transferring the home ownership to me. I do not intend on selling the house, it will be a family home. In … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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My mother owns her home, which is in a trust with her 4 childrens
My mother owns her home, which is in a trust with her 4 childrens names. She is very low on cash to live on. She is 84, fair health. What is the best way to give her cash, can we children buy the hous… read more
Lev
Lev
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My mother put her house in my name 20 years ago (19007, Pa.)
My mother put her house in my name 20 years ago (19007, Pa.) to be held in trust for my sister (Not good with money). Our Mother has passed. and my Sister now wishes to sell and has a buyer. She has p… read more
Lev
Lev
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We are selling a property overseas and will like to transfer
Mother selling a property overseas and will like to transfer and wire $720 K to the USA, out of this amount , about $300K will be send first by June and then by January 2011 the balance of $420K .The … read more
Merlo
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Hi, my mother passed away in November 2004 and my brother and
Hi, my mother passed away in November 2004 and my brother and I inheirited her house. We closed the estate in early 2005. Her house was worth about $220,000 and she had about $180,000 in other cash/as… read more
Merlo
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I bought a house for my mentally unstable mother to live in
I bought a house for my mentally unstable mother to live in on January 16th, 2007. She took one look at it and drove awway and I went bananas and put it immediately back on the market. She refuses to … read more
Merlo
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as I said below - how does the inheritance taxes work After
as I said below - how does the inheritance taxes work? After selling my mother's home (she passed away 3 weeks ago). And after we pay out the few assignments she requested, plus paying the few remaini… read more
Merlo
Merlo
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My mother is 89 years old. When she dies, I and my brother
My mother is 89 years old. When she dies, I and my brother will inherit her house which is worth 132,000 dollars. Should my brother and I buy the house from her and give her a note now rather than wai… read more
Mark D
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My 73 year old mother has a home in the country with a reverse
My 73 year old mother has a home in the country with a reverse mortgage. The current balance on the reverse mortgage is 120,000. She wants to sell the home to move into a senior apartment in town. She… read more
Merlo
Merlo
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I have a client who owns a house that her son lived in for ...
I have a client who owns a house that her son lived in for several years. There was no mortgage. The son paid all other expenses including property taxes, insurance, repairs etc. He moved out 3 months… read more
Ed Johnson
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If you sell a home and you have lived in it 20 years or so ...
If you sell a home and you have lived in it 20 years or so and sell it for 600,000. and buy a smaller home for 350,000. would you be able to take your 250,000. one time exclusion and not have to pay a… read more
Jon Andrews
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My sister and I inherited my parents home -- my mother died ...
My sister and I inherited my parents home -- my mother died in August 0f 2004 and I have lived in the home since May of 2004 - my sister moved in in April of 2005 - we are now selling the house and th… read more
Zhicheng Lai
Zhicheng Lai
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My father -in- law passed away in 1999. In 2004 my ...
My father -in- law passed away in 1999. In 2004 my Mother-in-law had to move to a nursing home. In order to pay for the nursing home her home would have to be sold. Because the title to the property w… read more
Jon Andrews
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I need a tax attorney to answer this question. My mother ...
I need a tax attorney to answer this question. My mother passed away last December, leaving a will, which states that upon her death, her house is to be sold and split 4 ways to her 4 children. I unde… read more
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Jon Andrews
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my mother in law wants to give us her house. what are the ...
my mother in law wants to give us her house. what are the tax implications of this? To futher complicate it she want to split it between 2 children. One wants the money, the other wants to keep it for… read more
Lev
Lev
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My mother in law is finally considering buying a house ...
My mother in law is finally considering buying a house instead of renting. Does it make any sense for her kids to buy the house for her--or from her in a few years? The only reason I can think of is s… read more
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