I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?

Hello everybody! Quick question, I have some body that is going to sell their home, Single Man 3 years living in the property as a primary. Bought it using an FHA Loan, What are the tax implications on this? When he s...

Hello,

I have a question about the sale of a property and the principal residence exclusion principle of the TaxpayerRelief Act of 1997. How does this apply to someone living in a four unit or less property and has b...

I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....

Hello,I recently had a couple move into the 2nd floor unit of a duplex I own.  The couple on the first floor have been there since before I bought the place and have a lot of stuff in the backyard (plants, grills, pat...

I own a 2,000 sq ft single-family outside of Boston, which has been my wife's and my primary residence for 2+ years.  I have ZBA approval  to create a two-family by building a 2,000 sq ft addition mostly in my current...

i found a wholeseller who has a home under contract but he cant find a buyer the house has a tax levy on it. So i told him i could find a cash buyer from my list to buy it.

But,how can i secure my self from h...

Hello,I recently acquired a few tax liens in Alabama via the county tax lien auctions.  After browsing this site and several other google searches, I can't get a clear idea of the how to take possession of empty lots ...

Hello,I recently inherited a house when my Step Dad passed away four months ago.  In case it matters, the property is located in San Luis Obispo County.  He did a Transfer on Death Deed so all we need to do now is com...

I currently own a 3br/2ba SFR in a desirable neighborhood of the Kansas City, Missouri area.Purchasing for 127k in 02/15, financed at a 3.875 rate, currently about 120k left on the note.Since our purchase, home values...