Tax on Captain Gain for a Rental Purpose House in FL

I agree with my colleague, but for your information, the federal capital gains rate for the sale would likely be 10-15%.

How can we transfer an investment property in FL to an LLC or land trust without triggering mortgage issues?

You may run into a problem with the due on sale clause, and trigger documentary stamp tax on the amount of the mortgage. I would recommend...

How do I transfer title of ownership of a house that was inherited and is in a revocable trust?

The trustee of the trust needs to have deed prepared in favor of your wife, and sign and record it in the local county clerk's office.

Will?

It's best to have a lawyer prepare the codicil to ensure that it complies with NC law and that it does not revoke or otherwise negatively affect...

Can the attorney who drafted a trust provide a copy

Generally only the trustee has the authority to release a copy of the trust document.

For 1041 capital gains: did the irrevocable trust buy AND sell or "inherit" and sell an apartment?

If the trust was revocable at the time of her death, the property receives a step up in basis for fair market value on the date of her death. The...

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IRS 1041 and related questions?

This is too complex a matter to be dealt with in this type of forum. Please consult with a tax attorney or CPA very experienced in the preparation...

Does a non-profit employee pay income tax?

The non-profit must also pay its share of employment taxes for the employees.

Can I receive my QDRO payment without having to pay taxes?

in most cases you are not required to have taxes withheld, but you are required to report the payment as income and pay taxes.

It's not possible to accurately answer the question without reviewing the trust, but typically a grantor trust becomes a complex trust after the...