I sold a house in 2005 and claim the house selling exemption for my capitol gains and that time I was single. I got married in 2006 and before I got married my spouse sold her house and made a profit on it. We are now filing a joint return. Can we claim the capitol gains exemption since she was single at the time of the sell and meets all the requirements?
My dad is planning on short selling one of his homes. Originally bought to be remodeled, but because of the economy he cannot even afford to keep the house. Home was bought for 1.3mil and he is planning on short selling it for 800k.
My question is, what will the bank do about the 500k deficiency? Can they go after his retirement accounts? Thanks
In these days, if you had to sell your home or condo, would you consider selling it on your own?
On the flip side, would you prefer to do a private sale through the owner without the input of an agent?
I live in Minnesota. I have lost two cats (6 months old) and I think they may have been taken by owls, but I am not sure if this is possible. I live in a heavily wooded area. We are unable to find any remains on the property. Can an owl catch and eat a cat? I wouldn’t think that an owl would eat such large prey, as I though they ate mice. Plus, this has happened between the hours of 9pm and 6am.
My house has been listed for 3 weeks with no feedback, except for one drive by that was looking for a home for 250k less. Is it b/c of the weather we have been hit with a lot of snow and this weekend was the 1st nice weekend for looking for home? Also, does anybody have any feedback on open houses do they work or is it more of a show for the Neighbors.
This would technically be real estate investment in a contract for deed type of situation…
If this is possible, what forms would be required for either party- to ensure that the amount loaned remains tax differed?
Also- we’re in Minnesota, if that has any effect.
I am using the profit to build a garage on my primary residence, can I use this to offset the capital gains tax on the 2 nd home I sold? I never lived in the 2nd home, it was a lake house. Also I had to give 1/2 of the profit to my father because he helped pay for the property, but the deed was in my name only.
I own 2 homes,1 is a rental. I’m not late on payments for either house but we really want to sell the rental. We know that it is worth a lot less than our loan amount now. What do we do?
We are thinking of relocating. I really like this town but would like to see more.
