I am moving from Florida to Pennsylvania, specifically around Philadelphia. What are the tax amounts and is there a significant difference in taxes between the two locations?

October 16th, 2023

I own 3 houses. My primary home has mortgages over $1.1M, which is the limit on deductible interest. I purchased the other 2 houses originally as primary and secondary homes while living overseas, and my divorced parents lived in each of the houses. When I returned, I purchased my current house and used up all the mortgage deduction. Are there any deductions I could use (such as investment interest) on these other 2 homes?

February 22nd, 2023

How much money can I gift my two children and their spouses each year without that money being taxed?

September 11th, 2023

My spouse and I have just sold a home and split the proceeds. He is using his share to pay off a loan from his mother but still has a lot of debt in his name that he cannot pay off. He is financially struggling and intends to file for bankruptcy in the future. I want to get my share out of my name. If I give it to my mother to put into an account in her name, how does it affect her and me taxwise?

February 26th, 2023

How should I account for various expenses related to a real estate transaction, including pre-closing expenses like property inspections, mortgage broker fees, attorney fees, and post-closing expenses like mortgage application fees and repair credits, in QuickBooks for tax purposes?

August 15th, 2023