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    1. R

      Capital Gains Tax Owed?

      Thank you FlyingRon for that clarification.
    2. R

      Capital Gains Tax Owed?

      Thank you everyone for your information and assistance, much appreciated. So, we would owe taxes, both NYS and Federal, on the sale, from the 1958 purchase date to the sale price in 2019? Also, our federal tax rate based on our sole income of a NYS pension, lies in the 0% bracket of less...
    3. R

      Capital Gains Tax Owed?

      Thank you for the information
    4. R

      Capital Gains Tax Owed?

      What is a life estate?
    5. R

      Capital Gains Tax Owed?

      I mean my wife's mother lived there, not her grandparents
    6. R

      Capital Gains Tax Owed?

      My wife's mother lived alone in the house until she went into a home, essentially from 2006 until 2018
    7. R

      Capital Gains Tax Owed?

      My wife and I live in the USA. My wife, a UK citizen and green card holder in the U.S., sold a house in London UK in October, 2019 that was co-owned by her and her sister. The house was originally her mother's, who deeded it to my wife & her sister in 2006. The house was originally purchased...

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