I am currently permanently disabled and my wife takes care of me full time. We own two homes, living in one, and our only income is my disability check. Do we need to file taxes?
September 16th, 2023
In 2004, I received $16000 from a trust set up for me and my brother by my deceased father. Should I have paid taxes on this money, and if so, what penalties might I face?
August 30th, 2023
Is a down payment paid when buying a house deductible on your Income Taxes in Texas?
September 5th, 2023
If I won 171 million dollars in the lottery, how much would I have once the federal government took out taxes?
December 26th, 2023
I live in Georgia and own a second home in Texas, which I rent to my in-laws at a rate below fair market value. My in-laws pay the mortgage, and I do not make any extra money from the rental. Can I legally write off the interest and taxes paid on this property?
October 26th, 2024
I am a single woman who bought her home for $225k eight years ago and is selling it for $530k next month. I still owe $120k on the house. Am I over the $250k limit to avoid capital gains? What about the 6% realtor commissions?
July 5th, 2024