Can I deduct real estate taxes in NY from more than one home on my federal tax return?
Wednesday, January 25th, 2006Albert T asked: I bought a new house and havent sold the first one yet? Can i deduct mortgage interest from both? What about real estate taxes? Both houses are in NY city.Eun Arre
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Does a trust or estate need to pay income tax?
Monday, January 16th, 2006Mike asked: I know that a trust or estate,for tax purpose, serves as a tax conduit whereby no income tax on it. Is my understanding correct? if correct, how come the IRS has income tax rates for estates and trusts?
If a trust or estate distributes its current year’s income to its beneficiaries, does the trust [...]