Estate Tax-Federal Estate Tax

Rebecca asked:


A living trust, 2 rel estate properties, can a quick claim deed be done, would any inheritance tax be needed to be paid

Erika Tropp

jimmie49 asked:


4800 shares of stock. I got 1/3 in stock. The executor (my sister) sold the 3200 and distributed 1/3 of the cash to her and 1/9 each to a church, a college and a granddauhgter as specified in the will. Her accountant says I have to pay 1/3 of the capital gains on the sale of the 3200 shares even though I received none of the money. I later sold most of my stock and paid capital gains on it already. The other inheritors aren’t paying any of my capital gains for me. What can I do?

Jaclyn Defina

L T asked:


We just bought a house and I just got my property tax bill but I’m not sure if it’s included in our motgage payment.. We have a real estate tax inlcluded in out mortgage but again am not sure if it’s the same thing. I live in California and the taxes are outragious…!

Tambra Sonderman

Sheryl S asked:


Does anyone know if a prepayment penalty paid to my mortgage company when I sold my house, can be deducted?

Cristy Nassimi

eric e asked:


my wife and I file jointly with a combined income of $35000. we have a land sale pending which would total around $500000. we paid $100000 15 yrs ago. would we remain in the 15% income tax bracket, and therefore be taxed 5% on long term capital gains?

Refugio Hibbs

deepblondedeb asked:


In Washington state is there a value limit on the property for gifting?

Deana Plush

Joe Shmoe asked:


Well, the working class often complain that the rich were born into wealth. So why not have more estate taxes on the dead? I mean people might not agree to it at first, but think about it. Firstly, it insures that people aren’t successful just because they were born into wealth. it injures that people continue to work hard. Secondly, there would be more money for under privileged people without taking money from people that earned it. Thirdly, it ensures that intelligent people are in power, avoiding dynasties of families that forget what working hard means. Lastly, it contributes to the idea that everyone must work hard in America to become successful.

So why will this never happen? Because people in power have a lot of money and don’t want all their money given away when they die. Maybe if we have honest people like Washington or Lincoln.

Honey Derentis

mike asked:


Bought a property in Indiana for Dec 2009 for $14,000. Just sold it in April 2010 for $28,000. Did not put any money into property. What % in the capital gains tax will I have to pay? Thanks

Collin Vandon