How long do I have to pay an inheritance tax if my uncle left money in a life insurance annuity, and can I pay it when I take the money out to help spread out the tax burden?

June 15th, 2024

I have an offer on my home to sell. If I agree to the purchase price, we will incur in excess of $250K in losses. Can that amount be deducted in any way against Federal & State income taxes in future years? Do I realize any tax benefit in this scenario?

June 29th, 2024

I have a question about rolling over my 401k from my former employer into a traditional IRA at Ameritrade. I have half of the money in a Wells Fargo ESOP fund and the other half in regular funds. I want to know the tax implications of rolling over the Wells Fargo ESOP fund and what the tax implications would be if I take distributions in a couple of years (I am 42 now).

June 9th, 2024

How do I calculate the tax due on the sale of a rental property that was bought in 2002 and sold this year?

March 22nd, 2023

My mother, a non-US resident living in Greece, is considering transferring $500,000 to my US resident account as a gift. Do either my mother or myself have to pay any taxes on the gift, either federal or state?

January 14th, 2024