Also, don't forget that, if you pay taxes, it means you're making a profit.2.

That will show what proposed tax increase you will see.

I would also share pros and cons of paying taxes on the windfall versus owner carry.

You can always use a software like Turbo-Tax and follow the prompts.

The tenant was paying rent to the previous owner but hasn't been paying rent for a while since the property was foreclosed and sold to the bank.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

My mortgage increased earlier this year as my home owners insurance went up due to the company closing and my escrow didn’t have enough to make up the difference so I’m kind of pay check to pay check right now.

From the assessor's site, the land-use records show that the encroaching property owner has only been paying taxes for their plotted land, while the subject property has been paying the taxes for land on which the other’s building partially sits.

Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.

Quote from @Leeling Chew: It doesn't matter who pays the bills.