Art Of $aving Questions. Answers. Advisors.

Blog
Q&AQuestions and Answers
Directory

Ask a Question Answer Questions Add New Blog Add Your Listing Feedback Q&A RSS Feed: Q&A RSS Feed: Blog

3claudiae67100rp1's Questions

Ask a Question:

Share

Search Questions by Category

Sort by

Found: 0 questions.

Add Blog

Answers Needed

Which affords more protection-having payments made from your bank account or authorizing your creditor...?
Do we have a National Savings Day in U.S.?
I'm leaving an employer, and have paid most of my deductible for 2009 already. If I switch to COBRA, does my deductible reset? Or is it a continuation of my original policy, and I have already satisfied the deductible requirements?
Rental House - Gift vs Inheritance.

My mother has a rental house for 23 years and now she wants to give it to me . What is the tax consequence? How can we avoid paying tax?

My friend suggested that my mother just leave the house to me in her will since it will be an inheritance the basic will be FMV at that time and I won't have to deal with the past rental. Is this true?
What are mortgage (origination) points?

Questions

Rental House - Gift vs Inheritance.

My mother has a rental house for 23 years and now she wants to give it to me . What is the tax consequence? How can we avoid paying tax?

My friend suggested that my mother just leave the house to me in her will since it will be an inheritance the basic will be FMV at that time and I won't have to deal with the past rental. Is this true?
Is commission rebate from the buyer's Realtor to the buyer a taxable income? Transaction was done outside of the escrow and 1099-Misc (Box 7) was issued to the buyer following January. 1) is this taxable income for the buyer and 2) if so, is he responsible for SE taxes as well?
My mom's IRA has gone down 60% just in 2008...?
She has lost $14K of her IRA in 2008. With only $11K or her IRA left and no guarantee for a recovery, is it better to cash out, pay the income tax and put the $11K into CD's where at least the money is safe? Please give reasons with your answer.
How many people actually go in for a Health Insurance? It is observed that most people think it is a waste of money so avoid it. What do you think?
What is the formula for annual rate of growth of earnings per share?

Recent Answers

Can The IRS Revoke My Passport?
When can I file my 2017 tax returns?
Can I claim child tax credit for my son born on December 31?
What is the best way to save credit card surcharges?
Do we have a National Savings Day in U.S.?

Blogs

Academix

Termites, How to prevent termite damage/costs?

Lew Sichelman

Phone bill tax refund

Mark Goldman

The Fed's Influence on Mortgage Rates

Alan D. Fisher

Future Payments or Cash Now

Velizara Petrova

BULGARIA LEADS BALKAN PROPERTY BOOM

Please enter correct e-mail

Log In and start right away!

Wrong E-mail and/or password.

Email address Password

Keep me logged in

Forgot password?

By Log into ArtOfSaving, you agree to our Terms of Service.

You don't have account? Sign Up here!

Sign Up and start right away!

Name Email address State County

By signing up for ArtOfSaving, you agree to our Terms of Service.

Already have an account? Log In here!

Questions And Answers

2024 Art Of Saving

Top

OK