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10 posts tagged with taxes and estate. (View popular tags)
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Owning Property for Dummies?

My aging parents want to put their 160 acres (where we all live) in my name. I know nothing about owning property. I am in Oklahoma. What can I expect to have to pay? Are there any other ways this will affect me? YANMEstateL.
posted by ThisKindNepenthe on Jan 30, 2012 - 10 answers

Will I need to pay taxes on this inheritance?

Will I need to pay taxes on this inheritance? [more inside]
posted by miskatonic on Sep 26, 2011 - 8 answers

I Have a Real Estate Tax Question...

A real estate/math/tax question. I sold my house for $210,000. The buyers wanted a new roof but wanted that included in the loan so the sale price was changed to $217,000 and the $7000 for the roof was paid out of escrow. When I do my taxes next year do I need the receipt for the roof or do the buyers? I believe that since I technically paid for the roof, the cost of the roof could be used to offset the capital gains on the house. What do you think?
posted by MsKim on Feb 17, 2011 - 6 answers

Who do I talk to for estate taxs, losses, and income statements?

I have an estate tax statement showing a loss from the estate of my grandmother in another state. How do I find a professional who can tell me how to file this where I live to the best April 15th benefit? [more inside]
posted by Koffeeman on Jan 12, 2010 - 2 answers

How to invest $30k for 3 months?

What are some good low risk ways to invest $30k for about a 3 month period? [more inside]
posted by trbrts on Nov 4, 2009 - 8 answers

Just visiting for tax purposes?

My friend's mother has lived in Florida for over 20 years in a home that she owns outright. Three years ago her mother moved to a different state so she could live in an independent-living facility near her daughter. She kept her house in Florida, she paid all applicable Florida property and income taxes, and she voted absentee in Florida. Her income comes from Social Security, a pension and investments. My question is, should her mother be paying taxes in the state that she is living in now? Also, when she dies, should her estate be managed as though she had lived the last years of her life in Florida?
posted by retiree on Jun 4, 2009 - 5 answers

Tax law question for POD CD

Tax-filter and estate-filter. I live in Ohio. The deceased lived in Ohio and gave me a certificate of deposit upon her death using a payable on death designation during 2008. I then cashed it out and placed this money in a checking account. I am not otherwise involved with the estate in any way. I have usually used "free-file" to do my taxes.

Two-part question: a) does this money count towards adjusted gross income? and if so...um... how? (I know so little about it I'm not sure what I'm asking) b) assuming my AGI is still under the $56k limit for free-file, is there any other reason why I cannot or should not do my taxes in that matter since I inherited this CD? [more inside]
posted by RobotHeart on Feb 24, 2009 - 6 answers

Drowning In The Sea Of Stuff

Must get rid of a mind-boggling amount of hoarded items, including some theoretically very valuable pieces. Looking for advice on how to do so efficiently and profitably. [more inside]
posted by Gianna on Feb 2, 2008 - 12 answers

Property tax in NJ

I just bought what was once a very nice house in Maplewood, NJ (Essex County). It has become very rundown and was assessed by our mortgage company at a value of 340,000 in it's current condition. It was a great deal and after a little work will be amazing. Is there a way to have it's taxation rate changed based on the purchase price? Currently, it's very high. Is there somewhere I can go locally to ask about this? Also, anyone know how the property tax cuts will play out in NJ.
posted by Shanachie on Apr 11, 2007 - 6 answers

Best Web Sites for Real Estate Stats?

What are the best low cost or free web sites for researching real estate information and statistics? I'm primarily interested in current appraisals, past sales history and property taxes for a single address, and also current and historical inventory of homes for sale (# of MLS listings) in a single town or zip code. I'm aware of Domania.com. Any others? I had access to realquest.com for a short period of time, but they are rather expensive for individual use.
posted by de void on Jan 4, 2006 - 5 answers

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