How to protect home equity ?

The best way to protect it from capital gains is to sell it for less than your adjusted basis. You may be able to exclude all or some of the gain...

Do I need to file an amended 2015 Federal and Maryland State tax return due to a calculation error ?

What did the IRS process for 2015? A return with itemized deduction or a return with standard deduction? On one hand you are saying that if you...

How does one purchase a home using a revocable living trust?

I have used living trusts for people that want to remain anonymous. Real estate records are public information. Some people don't want that...

Just received the 1099-S from the sale of my home, the gross proceeds were $670K? Do I pay capital gains tax on $170K.

You compute your capital gain (net proceeds- adjusted basis) and any exclusion you are entitled to and pay taxes and that bottom line number will...

You are correct to be worried. You are most likely not responsible for his business payroll taxes. I don't know how your finances and assets are...

If I have the loan on a house and other person has a quit claim deed on same house, if the property is sold, who gets profit?

The owner of the house gets the net proceeds of the sale.

Can a mother give her adult daughter a living gift of$200,000 ?

You can but you will need to file a gift tax return and claim the lifetime credit.

I bought property with a x girlfriend back in 2015 it's a joint tenants with rights of survivorship in Tennessee she was arrest

You need to consult with a TN real estate lawyer. You may be able to go after her for 1/2 of the taxes paid on the property but she can come back...

If I marry a inmate will the government be able to snatch my taxes when I file WITHOUT him on them?

Don't file jointly and your refund belongs to you and you alone.

You have a contract so you need to hire an attorney to review all the paperwork to see what your rights, responsibilities and remedies are.