Homeownership

Latest Articles

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  Pay IRA penalty or foreclose?

  To save a home with nearly $200,000 in equity, be willing to pay a penalty — or maybe not.

  3 min read Sep 15, 2009
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  Video: Overlimit on gift tax

  Adoptive mother went over the limit in gift tax. What can she do?

  Aug 01, 2009
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  Reporting gains in a 1031 exchange

  The usual capital gains rules are different when the property is a like-kind exchange.

  2 min read Jul 23, 2009
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  Is an insurance settlement taxable?

  In certain cases, the remains of a settlement to repair a home’s sinkhole damage could be taxed.

  1 min read Jul 21, 2009
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  Claiming capital loss on a home

  Converting your home to a rental so you can claim the capital loss won’t fly with the IRS.

  1 min read Jun 18, 2009
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  Avoiding capital gains on foreign property

  How can a U.S. citizen avoid paying capital gains tax on the sale of property in another country?

  2 min read Jun 16, 2009
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  Property taxes too high? Get help

  Third parties help homeowners appeal property tax bills. But should you do it yourself instead?

  6 min read Mar 26, 2009
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  Figuring depreciation recapture

  Depreciation recapture on the sale of real property can be offset by capital losses.

  2 min read Feb 09, 2009
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  Computing rental depreciation

  Your income threshold makes a difference when figuring depreciation on a rental building.

  2 min read Feb 05, 2009
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  Capital gains exclusion amount

  Newlyweds selling their premarital homes will each get the $250,000 exclusion.

  2 min read Feb 02, 2009