| Title | : | Inheriting Your Parents House | Do I Have to Pay Tax On A House That I Inherited |
| Lasting | : | 7.14 |
| Date of publication | : | |
| Views | : | 34 rb |
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Thank youbrVery informative Comment from : Leo Hammond |
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If you are in a state that allows it and the heirs are in agreement with it you might want to look at a Lady Bird Deed Up front cost are minimal, no probate, grantor maintain control of the house till death, live in a house for 5 years sell for less than 500,000 no capital gains tax Of course, Lawyers don’t like talking about it because they make less money on it Comment from : JAMES ELER |
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Very well done vid My mothers home, which my wife and i live in as well, is in a Trust Fund for me But i'm still concerned that smthng can go wrong upon her passing What do i do when that time comes? Comment from : J W |
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Why is it so hard to find out if you have to pay taxes if you inherit a PAID FOR HOUSE and you just wanna keep it and live it?? I have literally found the answer to 100 other Obscure possible situations But the most basic situation Inheriting and living in it It’s like there is no information on it 🤷🏻♂️ Comment from : Michael Privette |
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What happens to the Quit Claim deed if it is never executed and the seller dies?
brHow do the buyer get found out that they are using the sellers disabled benefits on the property tax? Comment from : Sg |
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Why is the government involved in anything to do with the death of my parents? brbrThey died, they gave me their house, end of story brbrWhat is the purpose for having the government injected into the handing down of a gift or inheritance from one human to another? brbrIt’s like being at a restaurant and a random stranger comes over and takes your wallet brbrHe says, “This is mine now, you owe me because this is mine now” brbrWhat? There’s a disconnect here somewhere brbrTell the stranger to stay out of your business Don’t just allow them to steal from you brbrWhat am I missing? Comment from : MilitaryDog |
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This info is now irrelevant and outdatedThere are no gift taxes unless you give more than 10 millionThere is no estate tax unless your home is more than 10 million If you parents give you a houseyou just got yourself a free house Comment from : flauze |
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Question for you! My father helped me and my kids by buying a house in 2015, only his name listed on the loan or deed I lived in it and paid the mortgage the whole time My father added me to the deed in Feb 2022 and we sold it July 2022 I took all profits from the home and applied to a new home Can I be considered owner for 2 years in this situation or do I have to break down my actually time on the deed? Comment from : William Rothamel |
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I inherited house and sold it 4 months later To determine house value for capital gains, should I have obtained an appraisal on the date I inherited it and the date I sold it? Comment from : TE S |
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Thank you sir!!! Comment from : Marnie Brimhall |
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The title of this video implies the parent is gone and therefore inherited 🥺 Comment from : LavenderPatch |
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Failure of your tenants to pay rent would result in EVICTION If you let it go to FORECLOSURE that's on YOU Comment from : Goatbeez |
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Liked and subscribed Thank you for the thorough description of the capital gains tax I've shared this with several of my clients Comment from : Alex Jandick |
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Will the new king be hit with inheritance tax like the rest of us I think not Comment from : Martin Fulton |
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Just sold my dad's old house after fixing it up for 2 years since his death Who says what it was worth when he died? I say it was worth more than what I sold it for because I was hard to sell Comment from : martysk8r |
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I was with him until the reverse mortgage part He failed to give options to keep the house like a forward mortgage, buying it, use life insurance Comment from : TheThearchangel90650 |
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What if the house inherited is no longer their primary residence but rather they have been renting it out to the heir, will there be a difference in taxes? Comment from : czardexter |
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burdens spelled correctly , not the one you have here " BURDONS" Comment from : Rogelio Asuncion |
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What if grandma and mom own house 50/50 mom pass away and the heirs her (kid) inherits house but house has debt does the person inheriting it also inherit the debt? Comment from : Chan woods |
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Do you have any videos what to do if minor inherits the house? Can it be sold if guardians don't want to deal with it? Comment from : Обычная Америка |
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Very nice video! I was surprised to see so little views good luck to your channel! Comment from : Обычная Америка |
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I got a question so my mom inherited the house to me , but still owned by her if she get marry later does the new husband have right to house? Comment from : IamDRAW |
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Mom Granted the house to me and is still living in it this day I live at my brother's house and tax season is coming😬 Comment from : Wesley Groth |
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What’s the tax on a sibling buy out? Comment from : Staci Young |
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What happens if parents transfer deed to them self and child name on house so both parent and child are on the deed and that is paid off and parents die 10+ years later? Comment from : Emily Deitering |
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I inherited my moms home there is 24k owed I pay the mortgage, taxes and homeowners insurance How do I get the property transferred in my name with less than perfect credit? Comment from : NOLA Trap News - Hey my good Cuzzins! |
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Medicaid estate recovery can be waived if a parent spouse or first-degree child takes care of the person for a period of two years You must also prove that by doing so, you saved the state money and delayed admission to a institutional setting, such as skilled nursing facility, assisted living, home health/PCA services not covered under Medicare Comment from : Jack Sycz, Jr |
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