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My mother has a trust which I am in control of do i file
My mother has a trust which I am in control of do i file taxes in the trust name or my mothers … read more
emc011075
emc011075
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If I sell rental property in Nevada that I inherited from a
If I sell rental property in Nevada that I inherited from a trust my grandmother set up how much would I owe in taxes?… read more
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Question: My have a small business (single member LLC -- so
Question: My have a small business (single member LLC -- so for the IRS it is a 'pass through entity'). 90% of the businesses income comes out of New York, and at least 6 months a year is spent in New… read more
Mark D
Mark D
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I want to sell my grandmothers house. she is in a nursing home.
I want to sell my grandmothers house. she is in a nursing home. I am her conservator. the house is worth approximately 900k. Will I have to pay capital gains tax on this transaction. the house is in a… read more
keeperumiami
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We are considering selling my 86 year old mother's primary
We are considering selling my 86 year old mother's primary home that she has lived in 20 years. It is currently in an irrevocable trust for her (brother has power of attorney). It was purchased for $1… read more
Megan C
Megan C
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I am a trustee of a Irrevocable trust in my mothers behalf.
I am a trustee of a Irrevocable trust in my mother's behalf. She has died. The only asset is a house. What if any capital gains tax are the beneficiaries liable for? Thanks, Bob… read more
MequonCPA
MequonCPA
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My mother is terminal. What are the tax implications for the
My mother is terminal. What are the tax implications for the estate if my mother sells her home before she dies or the house is sold after.… read more
keeperumiami
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My parents purchased a home in AZ in 1993 (their personal residence)
My parents purchased a home in AZ in 1993 (their personal residence) and placed the house in trust with them being the trustees. My father passed away in 1996. A Quit Claim deed was processed in 1998 … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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Last year my mother 87 years old took out a reverse mortgage
Last year my mother 87 years old took out a reverse mortgage so she can get 24/7 care in her home. Our lawyer had to break the trust to do this as the house was in both me and my sister's name. My mot… read more
socrateaser
socrateaser
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i have a house in trust to me it has been a year and she was
i have a house in trust to me it has been a year and she was my aunt i have not filed for tax how can i get some help without having to leave the house i have lived in for 12 years with her… read more
Ed Johnson
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I need to know where to find supporting tax law on ...
I need to know where to find supporting tax law on occupancy laws regarding airline crews stays in hotels in the following cites: Chicago, IL Los Angeles, CA Salt Lake City, UT New York, New York and … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
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i have moved into my grandmothers home to care for her, i ...
i have moved into my grandmothers home to care for her, i am an only child as is my father. we took a line out on the home to pay him his inheritance on the house, the house is now in my name along wi… read more
Matt Kesler
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Doctoral Degree
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If my mothers home has been in an irrevocable trust for 2 ...
If my mothers home has been in an irrevocable trust for 2 years can she take the $250,000 exemption on the capital gain? She has lived in the home for 50 years and still does.… read more
MequonCPA
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Master's Degree
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My grandmother is over 55 and moved from one home to ...
My grandmother who is over 55 sold her home and purchased another home of the same value in 1986. She was protected under prop 13 in CA and her property taxes remained low. If she sells a second time,… read more
Lev
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Capital gains determination on an inheritance (with a twist)...
I wish to determine the capital gains basis on the sale of property ($132,000) inherited from my mother (died Feb. '03). Her will states that my sister and I are to receive equal parts in “all the res… read more
Wendy Reed
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Master's Degree
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Our home does not have a garage. I have heard that if I ...
Our home does not have a garage. I have heard that if I build one after I am 55 the property will not be reevaluated so I property tax will not be increase. I live in Los Angeles County, California… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My husband passed away with Alzheimers in Dec. I have ...
My husband passed away with Alzheimer's in Dec. I have a quit claim on my house and have a will giving my son power of Attorney. When i pass away can he sell the house outright or have to go to court?… read more
Steven Weinstein, Esq
Steven Weinstein, Esq
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Post-Doctoral Degree
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my mother is widowed with three children..she owns a home ...
my mother is widowed with three children..she owns a home and wants the property to be divided without tax...do the names of all 3 children have to be on the deed? and how long a time period to be exe… read more
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