Credit card interest
Auto loan interest (auto was paid for by a home equity loan on residence)
Auto insurance
CPA for preperation of last year's taxes
Safety deposit box for ...
I am married, my wife stays home (and has all of 2006) with our only child....I think that is the prime example of H.O.H....but I am not sure. How will I benefit and how should I be filling out my W-...
ok, so the last 2 numbers of my soc, are 11, and still no stimulus payment. I filed with turbo tax, paid the fees on my credit card, and got direct deposit back in february. Where is my money!!! ...
I am having my baby in January and I was wondering would i be able to get child tax credit for him since he wasn't born this year in 2008 and I'm gonna be filing taxes for 2008 would he ...
I'm currently on a situation were 4-5 years ago i tried to apply for a house. the lady that submitted all the paper work. created a false W-2 saying that for a single year i made over 50,000.00 ...
has anyone got theres yet. i thought they where spose to come out friday. i havent seen mine but national citys online banking sucks. Additional Details sorry ya i am independent. and ...
How do i stop my ex from claiming my son on his taxes, i have a court order that said i get to claim my son, but my ex said he was going to claim my son away....
I was wondering what was better. Separate or joint filing?? Hears whats happened this year. We bought a car so we are both on the loan. We are renting an apartment currently. i have had 3 jobs but ...
Nope -- not if your reinvesting in another house. Chances are your new house will appreciated in value so that when you finally sell it you may have some capital gains and depending upon what the law is then you may have to pay.
SDD
As long as that house has been your principal residence for two years, you have a capital gain exemption of $250,000 -- $500,000 if you're married. It does not matter whether you buy another home.
Lillie
theres so many different answers, who is right?
Judy1
You're in luck. As long as you owned the house and lived in it as your main home for at least two of the last five years, you don't pay tax on the first $250,000 of gain ($500,000 if married filing a joint return). If you made more than that..... well, congratulations.
steve t
i think you have to file both if you have started the building it.
for furthur clarification go for the tax online efiling siets. here are some sites for your use. these will provide you with tax filing with deductions. all the best
dhd h
Home Owner You are on newspaper!
http://208.109.69.157/funstuff/extra/extra01.asp?strName=Home_Owner
cesare214
Not usually , there is a certain amount of time that is required to "reinvest" the money you gain from the sale of the 1st. home.....See your tax man to find out how much time you have before you are taxed on capital gains........
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