Posts Tagged ‘federal estate tax exemption’
No Tax on Sale of Principal Residence
No Tax on Sale of Principal Residence Question: We have lived in our Phoenix home for almost 20 years. For many years we rented a home that we own in Surprise to a nice elderly couple. The husband has now died and the wife is moving in with one of her children. We want…
Read MoreTaxes on Gift to Relative are Paid at Death
Taxes on Gift to Relative are Paid at Death Question: My granddaughter and her family live in a home that I own in Cottonwood. I have been paying the mortgage payments, property taxes, repairs, and other costs of the home for the past two years because my granddaughter has been sick and unable to…
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