Archive for May, 2006

estate tax?

Wednesday, May 17th, 2006

kikime asked: i have aquired property valued at 50,000 and was sent a paper stating that i need to pay an estate tax i was wondering if anyone knows the presentage rate of estate tax? the property is located in maine if that makes a differance (im sure it does)Maggie Hendrix

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Filed under: Renting & Real Estate | 1 Comment »

Real Estate Tax Liability Question on transfer of property?

Tuesday, May 2nd, 2006

Marco asked: Scenario: Sister Claudia in California purchased a home at $330,000 and gives title to sister Isabella AFTER 2 years. Sister Isabella then refinances home at 429,000, but now decides she wants to sell the same home at 490,000. What is Isabella’s Tax Liability if any?Melanie

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Filed under: United States | 4 Comments »

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