Archive for May, 2009

Why do we have an estate tax? I worked hard for my money and have paid MUCH more taxes than I will ever have?

Sunday, May 31st, 2009

Princess1988 asked: used in services and I want to give all my money to my descendants so they will never have to work. Also I find it ironic that if libs have their way and let gays marry the only people that will have to pay the death tax are parents passing their money to [...]

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Inherited a property in Greece. Sold it in Greece. Do I have to pay estate tax in Florida?

Saturday, May 30th, 2009

Johnnyboy asked: I heard I dont have to pay taxes on it as long as it was sold for less than 1 million dollars…..anyone know? Im a Florida citizen.Sherril Pellegren

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My real estate taxes are about $4,000 per year. This includes my municipal or local purpose taxes, county tax

Friday, May 29th, 2009

burlingtony asked: , library tax, school taxes, trash collection ….. This is on a 200k single home with an 85 by 200 ft lot. I know the taxes in many areas may be cheaper but ….. including everything ….. what are the taxes you pay on your property …. in your state ???Latoyia [...]

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Who needs to file a 706 federal estate tax return?

Thursday, May 28th, 2009

ineedanswers asked: can i use any appraiserThaddeus Ulanski

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When Republicans changed the name of the Estate Tax to the Death Tax did they do that to fool the American?

Saturday, May 23rd, 2009

Birthday Persinowitz! asked: People into thinking this was a tax on everyone than a tax on the wealthy. The tax started at $2.6 million or more.
As an attorney I can tell you that none of them end up paying 50%
Ron D: e-mail me!!Gerardo Wilczewski

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My real estate tax in brooklyn ny is 5,226 a year. Lucky I have 15 year tax abatement. Please read on?

Saturday, May 23rd, 2009

David W asked: My condo is like 850 square feet. Is this possible? I mean it comes out to around 435 a month. I am thinking of selling when my tax abatement is up and moving to different state. Can anyone tell me what is their real estate tax for their property [...]

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when you pay capital gains tax on real estate, is the tax figured on the sale price, or your profit?

Friday, May 22nd, 2009

svelte_steve asked: for example, i buy a condo for $130,000, and sell it for $180,000;do i pay the 15% on the $180k, or on $50k?Nigel Councilman

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How can avoid pay tax for real estate increased value?

Friday, May 22nd, 2009

YY asked: If my home value increased for more than $250K, how can also save tax for the additional increased value at the selling time? I’m single.Morgan Imdieke

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qestion in deductions, real estate tax?

Wednesday, May 20th, 2009

Dave C asked: Here is my situation: real estate tax for home, $3000, doing tax return with taxcut
I entered real estate tax in Form 8829 for business use of my home, it deducts $300 in business expense for the 10% use of home business on Schedule C.
when I am upto the real [...]

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Capital gains tax real estate?

Wednesday, May 20th, 2009

robbievic asked: I’ve read in other questions about Capital gains tax in primary real estate home but how about investment property….Many home are bank owned and I’m interested in getting a home & fixing it to sell. I know how todays market is and it won’t be a turnover like in 2005. My question is [...]

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