Archive for the ‘United States’ Category

How does buying a house change your income taxes?

Friday, April 22nd, 2011

JWilridge asked: We bought a house this year, what can I expect as far as my income tax return? Some one told me that you get the interest and the sales tax back, Is that true? It doesn't sound right to me. It is our first house, ...

Main house in Canada, is the mortgage interest deductible?

Friday, March 4th, 2011

Yingping L asked: I work in US, but my family is in Canada, and we bought house in Canada (no house in US). Wonder whether the mortgage interest paid in 2008 is tax deductible. Thanks. Sorry, I forgot to mention the question is about the deduction in US income tax return.black ...

When buying a house when do you have to start paying property taxes?

Tuesday, April 13th, 2010

♥♫♥ Crystal ♥♫♥ asked: Do you pay property taxes right away? Or do you wait until the house is paid off before you start incurring property taxes? I am thinking about buying a house but I am afraid I wont be able to afford property taxes.open house plans

What happens if you buy a house up for taxes and there is someone living in it?

Friday, August 7th, 2009

sapphire asked: Ok, here's the situation. My fiance and I are looking to buy a house that is up for deliquent taxes. The only problem is there are people living in the house. I was told all we have to do when we buy the house is give them 30 ...

Buying a house how do I figure what my taxes will be?

Sunday, October 19th, 2008

Tim B asked: I am buying a house. The value of the house is 160k. I am buying it for 90k. It has 3 acres. What will the taxes be on it? Well the seller owns 2 houses on a total of 20+ acres. I am buying 3 acres and 1 ...

How does capital gain tax work on selling 1st house?

Wednesday, September 24th, 2008

HartMen asked: We bought and lived in a house for about 1year before moving out of state for job reason. We later bought another house in the new state, while keeping the first house. It has been 2 years since then, and now we plan to sell the ...