Montani asked:


My mother had a stroke and can’t communicate with me. I am her conservator and guardian. I must sell a small rental house she owns to help pay the medical bills. I have no idea what she originally paid for the house since my deceased father built it a little at a time and there are no records to be found. How can I figure the capital gains tax on the property?

Mortgage House Loan

Varsha asked:


If I sell my house (primary residence) less than a year and go to another city because my job has changed, do I need to pay income tax on the profit from house sale?

What if, I purchase another house as primary residence? how much tax?
I am on H1B visa?
I am planning to purchase a house at my new job site. Will it help me getting a tax break?

UK Web Dating

Bhaskaran K asked:


I am staying in US.I am staying with my friend.I am paying house rent monthly 700$ to my friend.But I don’t have any proof.I would like to know house rent is exempted for US federal and State Tax.I need proof receipt of house rent or can i claim house rent exemption directly(If available)Please let me know ASAP.

Fast Track Loan

imaginationdreams asked:


A couple sold their principal residence (in NJ) in 2008 while residents of SC. The HUD shows the government charged a ‘non resident holdback’ of $10000. They should not have to pay capital gains on the sale. How do they claim this money?

Lazaro