Tax hints for selling rental property and paying taxes on rental property sale. How to avoid paying capital gains taxes on sale of rental property. Options to sell rental property and avoid paying capital gains tax. Defer payment of capital gains and federal income taxes on sale of rental property with 1031 tax exchanges. Paying taxes after selling rental property is complicated for homeowners.
Refinance jumbo loan to lower monthly mortgage payments. To lower monthly mortgage payments, refinance jumbo loan. Proof of income is needed to refinance a jumbo loan and lower monthly mortgage payments. Contact a financial advisor and real estate attorney to see if you qualify to refinance a jumbo loan and lower monthly mortgage payments.
How to avoid foreclosure after one missed mortgage payment. Tips on how to avoid foreclosure after one missed mortgage payment. Avoid foreclosure after a late mortgage payment or missed mortgage payment. Homeowners that received a foreclosure notice from a mortgage lender may be able to avoid foreclosure. A missed mortgage payment notice does not mean a mortgage lender has started foreclosure proceedings.
Determine taxes owed on quit claim deed property by calculating the cost basis on purchase price of home. Include capital improvements and profit homeowner receives from the sale of the home to calculate costs basis on purchase price of home. Work with a real estate attorney and tax expert to calculate cost basis on purchase price of home owned through quit claim deed transfer.
Using a HELOC to buy investment property may or may not be the right choice for you. Shop around for interest rates on your HELOC before using a HELOC to buy investment property. A variable interest rate on a HELOC for investment property may end up costing you a lot more money. Think about paying off your first mortgage before using a HELOC to buy investment property.
Underwater with your mortgage? You’re not alone Are you underwater with your mortgage? You’re not alone. According to the latest figures from CoreLogic, 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down from 11 million and 23 percent in [...]
Do you know the history behind the tradition of New Year’s resolutions? New Year’s Day was established to honor Janus, the god of Roman mythology who, with his two faces, looked back on past events as well as forward into the future. The Romans made resolutions that had mostly a moral flavor. Today, all resolutions [...]
Do Undocumented Workers File Tax Returns? The mention of undocumented workers always generates an emotional reaction. However, the IRS has a pretty cool, straightforward attitude toward the subject. As far as the IRS is concerned, there are only two kinds of aliens: resident aliens and nonresident aliens. Either way, if you earn income in the [...]
Today, Ilyce Glink guest hosts the Clark Howard Show. It was stunning to find out over the weekend that Royal Marshall, WSB talk show host, sidekick to Neil Boortz, loving husband and father, and Deacon at his church, passed away. What a huge loss for the station and his family. We will all miss Royal so much.
With today's show we want to pay tribute to Royal. Ilyce also shares advice for Estate Planning -- how to write a will, choose a guardian for your children, and protect your family.
Many employees have choices when it comes to retirement planning. Here are three common retirement-planning choices: A Roth 401(k) A traditional 401(k) A Roth IRA How do you decide which is best for you? Retirement Planning: Eligibility Requirements First, determine if either of the Roth options is available to you. Not all 401(k) plans have [...]
