What happens when a property is sold for less than the amount owed and there is a second mortgage? The spouse's name was not on the 1st loan but the name was on the deed.

I purchased a lot in El Dorado Ranch in San Felipe in the Municipality of Mexicali. I paid $167 pro-rated property tax for 2007 to the Municipality of Mexicali. Is this amount deductible on my 2007 Federal Income 1040 tax form?

Last year I took a early withdraw from my 401k last year after leaving my job. I had 30% withheld for Fed. Taxes. I am getting ready to have my taxes prepared. I have several questions. 1. Was 30% enough? Does 10% penalty still apply? 2. I live in the state of IL. Will I owe state taxes? ...

We have sold property in Indiana that will be part of and estate settlement. The property sold for less than $100,000. The money from this property will be divided between the 6 children. What taxes will be owed for the sale of this property?

My fiancés father passed away and left him our house and a commercial piece of property that is used in our business. The trust states that he is to receive the properties and up to 20% of the trust. Now the brother is wanting to evict us because my fiancé won't agree to the offers they have made...