asked
I got divorced this year and sold my house for $440,000 over the purchase price. As part of my divorce settlement, I had to pay my ex-wife half the proceeds received for the sale of the house. I owned the house before I married my ex-wife, so the title was only in my name. I will be filing my taxes this year as a single person, so my capital gains tax exemption is only $250,000. When the house sold, my ex-wife was paid directly by the real estate company handling the sale, as was I. So, I only received $220,000 of the $440,000 appreciation. Since I can only claim a $250,000 exemption as a single person, there is $190,000 profit that I appear responsible for. Is there a way to take into account that I actually only received $220,000 of the appreciation, not $440,000?
July 25th, 2024
I need to find proof of my hire date for my organization. I started on 11/17/2003, but they can't find any records prior to 2005. I'm looking for my W2 from 2003 to show my employer name and any other documentation that could prove my hire date. What steps can I take to find this information?
August 14th, 2024
Can the city of Ocala, Florida, legally provide fire and EMS services to Marion County residents who do not pay the special fire tax that city residents do, and would they need to hold a vote if they decide to do so?
October 19th, 2024
I lost my Social Security card. How can I get a replacement?
April 13th, 2024
What are the tax implications for me and my ex-spouse regarding the mortgage on my primary home, which was awarded to me in the divorce, and a separate loan forgiven by his company during a legal settlement? Additionally, who should fill out Form 982 if a 1099-C is received, and can this form be used for late tax filing?
April 29th, 2023
I need to pay my taxes but I can't get it to work. Where are you currently located? How old are you? Do you have any dependents? What is your typical filing status? Do you know roughly what you made this year?
December 2nd, 2023