DEAR BENNY: My parents gave their house to me and my three sisters in 1997. They purchased the home in 1965. They set up a life estate. Unfortunately my father passed and my mother is in assisted living. She will ...Read More »
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DEAR BENNY: I am at my wit’s end. This is a long story so please bear with me. (Note: For brevity’s sake, I am summarizing: Peter appealed his real estate tax assessment, but first the county got it wrong, and ...Read More »
DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...
Tagged with: accurate home estimates appraising property deed home assessments IRS last will and testament property distribution after death tax basis of capital investment title Trulia trust document Trusts ZillowRead More »
DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info ...Read More »
RESPONSE FROM A READER: Read your recent column regarding the house rehab project which stopped in the middle. Just a thought: Most building permits have an expiration date, which local authorities may enforce, or ding the homeowner with some sort ...Read More »
DEAR BENNY: I am not a U.S. resident, and my wife and I are selling our house for less than $300,000, with $100,000 profit. We are selling the house in order to buy a new one. I searched and saw ...
Tagged with: Benny Kass FIRPTA Foreign Investment in Property TAx Act principal residence STaker Section 1031 like-kind exchange withholding certificate withholding of tax on nonresident aliens and foreign entitiesRead More »
DEAR BENNY: My fiancée wants to add me to her house title. I’ve been living here about three years now. The house is paid for as of June 2013. My fiancée has no kids and is a widow (her name ...Read More »
DEAR BENNY: I saw some real estate columns you wrote and wanted to write to see if you could answer a question for me. I am under contract on a house in Washington, D.C., with a separately metered basement apartment. ...Read More »
DEAR BENNY: I did a Starker exchange four years ago thinking we may move in for a few years, rent our residence and then sell the exchanged property to capture the 500k exclusion. We are now told that we are ...Read More »