Posts Tagged ‘Capital Gains’
Re: Capital gains. Can a widow step up house to husbands death even if he is not on her deed, if he paid tax?
Saturday, November 7th, 2009The second husband while not on the deed was to have the house until his death according to their trust if he survived her. The property would then go to her children. the marriage lasted 17 years til his death, during which time he did all the repairs, filed joint tax returns and paid property taxes from a joint bank account. He also lived inthe house the entire time of the marriage.
Get Your Free Tax Lien/Deed Course - Click Here
Deed and Capital Gains?
Sunday, August 23rd, 2009Would I pay capital gains on the investment of my 35%. (down the road) If i pay 000 for the 35% of the property, and its deeded as sale - County state Transfer tax exempt, due to family. What haapens in 4 or 5 yrs if we sell. Will my 35% initial investment amount be taxed, or will it be anything over and above the ,000
