What is my step up basis for tax purposes? Do I need to have the house appraised to substantiate its current value?
Thomas's answer
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Answered on October 25, 2022
If you lived in the house for at least 2 of the last 5 years, you may exclude $250,000 of gain.
Your basis is the sum of the following:
1/3...
My grandmother went into a nursing home and her house is willled to me but in her name can nursing home get it
?
Thomas's answer
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Answered on October 23, 2022
The value of your grandmother's home is at risk for the cost of her medical care.
Your grandmother may want to consult with her own attorney to...
What can I do about my brother not doing his job as executor of my mother's?
Thomas's answer
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Answered on October 23, 2022
You can hire your own attorney, who can file the documents needed to get the judge's attention to resolve your concerns.
For a grantor/grantee affidavit, do I need an attorney if the grantor is deceased?
Thomas's answer
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Answered on October 23, 2022
Once you file your acceptance you are the owner.
The TODI and acceptance your evidence.
What to do when non-custodial parent moves and changes all contact information without giving notice?
Thomas's answer
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Answered on October 22, 2022
You should hire a private detective to locate him.
Removing a squatter from a bank owned reverse mortgage house in Arkansas?
Thomas's answer
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Answered on October 21, 2022
If you buy the home with the son living in the home, you will need to file an eviction lawsuit to get him out.
How do I get the IRS to remove a Federal tax lien against me even though I have an installment agreement.
Thomas's answer
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Answered on October 21, 2022
Attorney Willi answer is correct.
You will need to provide the IRS with an incentive to act (pay a part of the amount you owe with loan proceeds.)
Mom died. Her husband was poor and now wealthy. We didn't talk to them much. We are 4 kids, do we get anything at all?
Thomas's answer
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Answered on October 20, 2022
If all of your mother's assets were owned jointly with her husband, her husband would retain those assets.
If you mom owned assets that had a...
Selected as the best answer
Is the long term capital gains rate really zero percent for low income?
Thomas's answer
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Answered on October 20, 2022
No one can answer your question without getting more facts from you.
Based upon the large value of the house, it is more likely than not that...
If you live in in a house and the sowe oner lives there to he dies there's no wel and his son make you move
Thomas's answer
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Answered on October 20, 2022
Assuming you were not married to the decedent and was not an heir, you do not have any right to remain in the property.
If you do not move...
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