My mother died in 1980 without a will. The house was split 4 ways and my father was one of the 4. in 1990, he signed his share over to the three kids and has lived there rent free For the past 17 years. Now he is moving and we need to sell the house. He showed me An appraisal done at my...

For income tax purposes, major improvements to my rental property must be depreciated over a period of years. Can I take the sales tax on those improvements as a deduction in the year of the improvement, or must the sales tax amount be included in the depreciation schedule? Thank-you, ...

My father and I purchase a home a couple of years ago for an investment. We fixed it up and sold it. We bought it for $67,000.00 and sold it for $76,000.00. After all the closing cost, commission and tax we cleared $69,000.00. The property taxes and expenses in fixing up the home average around...

I inherited a home from my mother. The home was sold six months from the time of her death, and no improvements were made on the home. Do I have to pay capital gains tax?

I was deeded a piece of property about 5 years ago and never paid the tax on it as I just found out it belonged to me , can I get it back if it was sold for back taxes?? PLEASE HELP... [email protected]