Recent content by ELNbluemax2

What is the name of your state? Ohio Can a rented condo be sold while tenant's lease is not up yet?

What is the name of your state?OhioWhat is the name of your state? A very large credit card company sent my son a card with checks that he could begin using immediately. Unfortunately, he wrote out payments for lots of bills. All the checks he wrote were bounced at his bank because the credit...

What is the name of your state? Ohio Is it illegal for a father to insist a 20 yr. old daughter leave the home because of irresponsible behavior, not helping at home and using foul language to her parents? Mother doesn't want her to leave and threatens to call sheriff.

What is the name of your state? W hat is the name of your state? Ohio My daughter is beneficiary of my Annuities. When I die, the deferred interest will become taxable. Does my Estate pay the taxes at my rate or does the beneficiary pay the tax at her rate?? Thanks

Ohio....if a woman gives a check to a man toward a vacation home he is buying, but, marriage plans have fallen through, can she recover her money by filing a lien on that property or on his home???? He did not include her name on the deed.

Which takes precedent...the will says 50% goes to son and 50% divided among the grandchildren or the CD's that are "payable on death" to various family members?? Thanks

ohio I am trustee of an irrevocable trust. My home, insurance and a CD are in it. I have been paying the real estate tax and insurance premium out of the interest from the CD, which about covers those costs. Do I have to pay income tax on the full amount of the interest at the Trust inc. tax...

We sold our Fla. vacation home in 1996. I declared the profit as regular income. It was not rented out, but, was I supposed to figure it as a long term gain (15 yr.) and pay a lower capital gains tax?? I know it's too late (more than 3 yrs.) but, I keep thinking I paid $2,000 more income tax...

what is the law in Ohio on this problem. Daughter, 19, living at home, does absolutely nothing to help working mother. Pays no board. Father wants daughter to leave home to help her grow up and become independent. Causing turmoil between parents. Mom insists on daughter being allowed to...

May husband passed away in 2000. I filed a joint return for 2000. The rebates are calculated on the 2000 return. My letter says I will receive $600. The envelope was addressed to my husband's name, with Dec'd after it, and my name, so they are aware of his death. Will I have to return the...

To Taxguy, In a previous post, I said that the new IRS rules have changed...that profit on a vacation home is not taxed if it had been used for two of the last 5 years, as it is for the primary home, also. Well, I searched the rules and, evidently, our newspaper is wrong on that. Can't...

If President Bush's tax plan, regarding the Federal Estate Tax (death tax) is voted in, what happens to the "stepped-up basis" on inherited property?? They have been awfully q quiet about it. Ohio

If I order something from a TV infomercial, and then call back within half an hour to cancel the order, and they tell me to call another number the next day, which I did...do they have the right to charge my credit card immediately, after I'm told the delivery will be in 3 weeks? If I refuse...

After my husband's death, the Trust B became irrevocable. Our home is in the Trust. If I, as Trustee, sell the home, and put all proceeds back into the Trust B,does the 250,000 tax exemption still apply on any increase in value?? Thanks

As I understand it..the elimination of the Fed. Est. Tax might not be such a good thing, because along with that, goes the stepped up valuation of Real Estate, causing a huge income tax due, in most cases. For instance, if Grandma paid 20,000 for her house in 1950 and it's worth 100,000 now...