Posts Tagged ‘taxes’
Vacation Home Sale May Have Tax Consequences
Question: We have owned a vacation home in Sierra Vista for 15 years. We would like to sell this Sierra Vista home, but we do not want to pay any taxes. Will we have to pay any taxes if we sell our vacation home? Answer: Probably. Although there is a $250,000 single-person exemption/$500,000 married exemption…
Read MoreTitle Passes to the Widow
Question: My husband and I purchased our home in Phoenix 12 years ago as community property with right of survivorship. My husband recently died. The home has increased in value to $186,000, and I am worried about paying taxes. Should I have the title transferred to my name only? I am in my late…
Read MoreCan I swap Pinetop Land for FH Home?
Question: We originally intended to build a home on 5 acres of vacant land we bought in Pinetop several years ago. We now want to be closer to our elderly parents who live in Fountain Hills, and we are thinking about buying a home in Fountain Hills. If we trade the Pinetop land for…
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