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I have a client who was in 2004 put on the title of his
I have a client who was in 2004 put on the title of his mothers home as Joint tenants with right of survivorship, parties of the second part. She passed away in 2018. Her will leaves everything to him… read more
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my mother is receiving a $100,000 from the sale of a house that is in my sisters name. Does she need to pay taxes on this money if she puts it into something other than a bank account and how does thi… read more
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TAX QUESTION. A GENTLEMAN RECEIVED FROM THE TITLE COMPANY
A GENTLEMAN RECEIVED FROM THE TITLE COMPANY AMOUNT OF PROCEEDS. DOES HE HAVE TO OWN HIS HOME TO GET AN EXEMPTION. THE 250,000 EXEMPTION. HE LIVED IN THE HOME FOR SEVERAL YEARS. IT WAS HIS MOTHER'S HOME. HIS SISTERS HAD TO PAY TAX ON THE 90K HE PAID THEM....CALIFORNIA IS THE STATE … read more
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My Father is 98. He put my Sister and I down as joint
My Father is 98. He put my Sister and I down as joint tenants thinking that the house would be our inheritance. The house has a sale contract on it now. We want to avoid capital gains, so we may give … read more
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My sister sold her home ( our mother quitclaimed it to her
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My 93 year old mother wants to get a reverse mortgage. My 68
My 93 year old mother wants to get a reverse mortgage. My 68 year old sister lives with Mom, and wants to remain in the house after Mom passes. Does sister have to be on the title of the house to be o… read more
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My parents bought our family home in 1952. Mom died in 1968.
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Lev
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my parent own a home together in ca. my mother wants to keep
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My husband and I have been living in our home for 3 years ...
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My mother signed her house over to me and my two siblings.
My mother signed her house over to me and my two siblings. We were to get the house upon her death. Recently, my mother moved in with my sister and my brother moved into the house. He had it appraised… read more
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my mom is selling her home in california. she will have a ...
my mom is selling her home in california. she will have a large capital gain as she has lived in the house for 42 years. is there anything else except the 250,000 exeption or all the upgrades she has … read more
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We recently sold my mothers condo in Michigan. My ...
We recently sold my mothers condo in Michigan. My sister and I both were named on the title along with my mother. We each received about $35000 in a check from the title mortgage company. Do I have to… read more
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The home is her primary residence. It is a single family home.
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My wife and I own a house and a rental condo. We have ...
My wife and I own a house and a rental condo. We have been married for 1.5 years. I lived in the condo for 10 years as a bachelor prior to our marriage. So, I have lived in the condo for 3.5 of the la… read more
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tax treatment of residence if converted to rental property
My sister and I were added to the deed on my elderly mother's house last year. Can we avoid capital gains on this property that my mother has lived in for over 50 years?? Is it possible to rent the pr… read more
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