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What is the best way to give my house to my son without tax
what is the best way to give my house to my son without tax involving … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Grandma wants to sell farm to grandson state equalized at
Grandma wants to sell farm to grandson state equalized at $253200 She wants to have deed say she can live there till death She is 95. Mt sister and I are on the trust to share inheritance. Would it be… read more
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Based on the answer from the previous question regarding the
Michael - Based on the answer from the previous question regarding the Quit Claim Deed and transfer to our son to avoid capital gains tax - What about avoiding the gift tax? - Is this applicable… read more
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My ex-husband died and our 2 children want to split their
my ex-husband died and our 2 children want to split their inherited life insurance, pension , 401k and house with me. Is there a safest way to do any of these?… read more
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My husband and I own a farm along with my husbands brothers
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If I buy a house for my son [33 years of age, unmarried, living
If I buy a house for my son [33 years of age, unmarried, living separately] and pay cash for the house, is it taxable. If yes, then what is the best way to make this happen.… read more
Robin D.
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my father gave me 50 thousand dollars a couple years ago and
my father gave me 50 thousand dollars a couple years ago and i had him keep it in his account untill i settled down and got married. he died this month and now his wife has the money. I owe back taxes… read more
USTaxAdvising
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What would prevent me from selling a piece of farm land to
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Merlo
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Years ago my in-laws transfered their land into one sons name.
Years ago my in-laws transfered their land into one son's name. They have sinced passed away and the 4 siblings want to sell the land. When the land sells - since it is only in one siblings name - if … read more
Merlo
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My family tree farm will be inherited by a son. I am 80 years
My family tree farm will be inherited by a son. I am 80 years of age and have an estate of about $6 million including a $1.5 million farm. The potential estate tax would probably force my son to sell … read more
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I AM 61 AND MY SON IS 28. A FEW YEARS AGO, I CO-SIGNED A VARIABLE
I AM 61 AND MY SON IS 28. A FEW YEARS AGO, I CO-SIGNED A VARIABLE SCHOOL LOAN AND THE BALANCE IS NOW $30,000. RECENTLY, MY MOTHER AND I TOOK OUT A FIRST ON OUR HOME THAT WE OWN TOGETHER FOR $125,000. … read more
Robin D.
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I am in Florida . If I pay cash for a home for my son whom
I am in Florida . If I pay cash for a home for my son whom is going to college and I put the home in his name , will he get first time home buyer tax credit ? How will the money I purchased the home w… read more
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my mother, 90 yeaes old is closing out some accounts. shes
my mother, 90 yeaes old is closing out some accounts. she's giving me 157,000.00 to pay off mortgage and a couple other bills . will I nee to pay fed income tax on that?… read more
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Divorsed 81 year old sister-inlaw has parkens and needs to
Divorsed 81 year old sister-inlaw has parkens and needs to be in a nursing home. She has $50,000 in savings and a small income from 700 acres of farm land values at $400 per acre. Can she utilize her … read more
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My question is about the following I would like to transfer
My question is about the following: I would like to transfer $50,000 to my son's account. Will any of us be under gift tax filing requirement. Do I have to file gift tax return? And, this is the exten… read more
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I want to buy our family farm from my grandparents. They are
I want to buy our family farm from my grandparents. They are not highly motivated to sell fearing a high level of capital gain tax. The land at question is 152 acres of tillable farm ground in Iowa pu… read more
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I am 84 years old, own a farm, and am interested in the ...
I am 84 years old, own a farm, and am interested in the most tax-efficient means of passing the proceeds of a sale to my three children. I'm unsure if I should sell it before I die, or let them inheri… read more
jgordosea
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My dad died in January 14 2006 .my mother got the farm ...
My dad died in January 14 2006 .my mother got the farm and i her only son gave to me as a gift she has a lifetime estate i want to sell the farm i am concerned about the taxes i would have to pay in g… read more
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