I am doing my Taxes online and I have a question. I am a homeowner, and on my form It has two different boxes. I have a real estate box, asking how much I have paid in real estate taxes and I have a property tax box, asking how much I paid on my property tax…..can I put both down? I don’t own any other property….

I am selling 3 acres of land for a substantial gain and would like to avoid paying 30 percent of my selling price in capital gain taxes. Are there tax breaks that allows for reinvesting without taking a big hit in taxes?

I just got married 2 months ago, new husband owes $200,000 plus in taxes and has never filed in 10 years. I have separately held real estate and separately held retirement accounts. Can the IRS seize these assets if I deceide to stay with him? Don’t ask me why I would stay with him at this point? I know I should divorce him.

Thinking about moving to Charlotte…..what are the Real estate property taxes like up there because I’ve noticed the house prices are pretty decent?

Last year I was able to tax a $9,000 tax deduction for interest, principle, and insurance on my taxes and received a decent tax credit. I am renting my property out and will incure a loss of about $250 per month and a depreciation amount of $400 per month for a total of $7,800 for the year. Will my tax credit be better or worse? I am ignorant as to how the regular deductions are taken vs. a loss of income? Thanks for the help!

I have a plot of vacant land that was falsely sold as a result of identity theft. The title company is going to offer a cash settlement. At what rate will the cash I receive be taxed? Does it count as earned income? I had no intention of selling the property, in the first place, now I’m afraid of being taxed on the settlement. The property I owned was a gift from my parents for which I paid nothing.

Thanks.

Can anybody send me a link, also as a michigan residents, what will my take rate be for capital gain taxes. I will make 50,000 this year from my job and 180,000 dollar profit off of the investment property.

Hello,
My dad owns a real-estate property in California. He asked me if it’s a good idea to add me on his property in case something happens to him. I told him it might be wise to find out the tax ramifications (or any other ramifications for that matter). Anyone knows or knows where I can find out more info?

Thanks,

M

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Miscelleaneous
Property taxes
Property and Liability Insurance

Sold some land and making sure I am filing out the right forms