Thursday April
- 2013
- 4
Ask The Expert - Short Sale Loss
by Lee Reams in Mortgage
Question: Can I take a $3000 capital loss deduction on a property I sold through short sale? The Original Cost is $165K, the bank forgave $90K in 2010, I kept the lot and in 2013, sold for $67K. Read More
Monday February
- 2013
- 11
Ask The Expert - 2nd Home Mortgage
by Lee Reams in 1040 & Personal Finance
Question: Is it considered a loss if I rent out a 2nd home for less than the actual mortgage payment? Or If I can't rent it for more is it better to have it rented than to have it empty? If so, do I pay the difference out of my pocket every month along with maintenance fees, warranties, etc.? Read More
Friday May
- 2010
- 28
Raising Capital Gains
by Lee Reams in Q&A E-mail QuestionsQ – I heard the other day that the government is thinking about raising the capital gains rates in 2011. Is that true?
Read MoreFriday May
- 2010
- 28
Expensing Limitation for 2010
by Lee Reams in Q&A E-mail QuestionsQ – I am considering buying some new machinery for my business this year but I am not sure what the expensing limitation is for 2010?
Read More
Friday May
- 2010
- 28
Adopting a Child
by Lee Reams in Q&A E-mail QuestionsQ - My wife and I are in the process of adopting a child. I heard there were major changes associated with the adoption tax credit. Can you provide more information regarding this?
Friday May
- 2010
- 28
Home Improvements
by Lee Reams in Q&A E-mail Questions
Q – I am anticipating making some home improvements to reduce my energy consumption and someone told me I should make the improvements before the end of 2010. Can you tell me why?
Read More
Read More
Get the latest news...
- Breaking News (9)
- 1040 & Personal Finance (238)
- Small Business (53)
- Mortgage (2)
- Tax Planning (2)
Question that were buzzed...
