DEAR BENNY: I am selling my house to a good friend and taking back 80 percent by way of a promissory note and a recorded deed of trust. I have heard I need to comply with the AFR but don’t ...
Tagged with: taxesRead More »
DEAR BENNY: We plan to add a new room to our house and have talked with several contractors. We are about to select one but don’t know what kind of contract to use. Can you assist? – Betty DEAR BETTY: ...Read More »
DEAR BENNY: I am a board member of our association, and am responsible for landscaping, grounds maintenance and security. Over the years, our association has had a number of contractors who render service to us – whether this be in ...Read More »
DEAR BENNY: Our mortgage lender just sent us the yearly statement of interest that we paid in 2015, and we believe it is wrong. We obviously want to include the correct amount of interest on our tax return. What should ...Read More »
DEAR BENNY: We are getting ready to file our 2015 tax return. Can we still deduct the mortgage insurance premiums we paid last year? – Sara DEAR SARA: The answer is a qualified “yes.” Congress works in mysterious ways. Late ...Read More »
DEAR BENNY: What are the options when three people own property and only two want to sell? – Mike DEAR MIKE: Great question, and brings up one of my pet peeves: two or more people who buy property and make ...Read More »
DEAR BENNY: I am 61 years old and the sole owner of a single-family house. The home is paid in full. I am considering giving title via a quit claim deed to my daughter and son-in-law. Is this a good ...Read More »