Estate Tax-Federal Estate Tax

paleta28 asked: My home loan is under my mothers name but I pay the mortgage which gets automatically deducted from my account every two weeks. She didnt claim the mortgage interest and real estate taxes for last year for the house…no one did…would I be able to do an amended form and claim last [...]

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 [...]

Kelly asked: My fiance and I co-own our home, both of our names are on the title, but only his name is on the mortgage. Can I still declare the real estate taxes on my taxes? Can I declare half of the real estate taxes?Grisel Schuneman

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Kathleen S asked: The death was March of 09 in the state of Michigan.
The estate value is over/around 5 million dollars (Farm land, homes, business etc).
One spouse and one child (adult) and NO will.
Everything was going to be left to the child, but does it make a difference who it’s left to. Would they both [...]

dcfish@sbcglobal.net asked: When railroad rights of way are converted to rails-to-trails use, do they stop having to pay the real estate tax? And how does rail banking affect this tax policy?Edward Daylong

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John U asked: “A vacation home is rented out for 10 days during the year and used personally by the owner for 20 days during the year. What percentage of real estate taxes should be
deducted on Schedule A?”
Wouldn’t it just be 100%?Forest Adelizzi

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Christian asked: do you think the real estate tax credit will get extendedChad Luinstra

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copley asked: In the processing of doing an estate and gift tax return where the decedent’s spouse is not a US citizen. There was no QDOT set up before the death and therefore the executor or the surviving spouse is going to have to set it up before the estate tax return is filed. However, [...]

Moose asked: I live with my mother she owns the house we live in. I pay rent and she dosen’t have to file a tax return. Is there any way I can take the tax deduction for the real estate taxes she pays. We live in New Jersey.Fredric Janrhett

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aavoucherjunkie asked: Spouse died in 2006. Are attorney fees for setting up the trust documents, retitling assets to trusts, meeting with the PR, POA and Trustee tax deductible for the survivor?Roslyn Knieper

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