3
votes
1answer
41 views

What will be the capital gains tax after we sell a rental home?

I'm in desperate need of some help. I've been asking different tax consultants about this situation, and I keep receiving different answers. My parents purchase a Tudor style home about 30 years ago ...
1
vote
1answer
85 views

Are Roth IRA withdrawals within the same year as contributions tax free?

A couple of months ago, in this calendar year, I contributed $1,500 to my Roth IRA. I didn't invest it, so it still is worth only $1,500. I now need $1000 back, and so started to fill out a ...
2
votes
2answers
46 views

Need to Purchase Homeowner's Association Documents?

I'm selling my home. As part of the transaction, I'm being asked to get some documents related to my homeowner's association: the bylaws, the rules and regulations, minutes, something called a 22.1. ...
0
votes
1answer
52 views

Selling within a Roth IRA and contributing the same year?

If I contribute $5500 into my Roth IRA at the beginning of 2014, but sell $5500 in July, does my contribution amount go to $0, and I can reinvest $5500 later the same year? Or does the contribution ...
1
vote
1answer
145 views

Should I be filling out form W-9 for somebody I sold used equipment to?

I sold about $3,500 worth of used lighting equipment to a local business last year. I'm not a business, just an individual. I just received an email from them asking me to fill out a W9 form for ...
5
votes
1answer
309 views

Should I sell the home in 2014 or continue to rent it out?

The home was bought in Dec. 2010, and we lived there from Dec. 2010 to Jan. 2013. It's been a rental property since Feb. 2013, when we moved into a rental home to be closer to work (about 30 miles ...
8
votes
1answer
186 views

Taxes on Selling a Classic Automobile

When I was in high school, my father-having just had a heart attack-gifted me a classic automobile. This year, he passed away and I ended up selling the car. (The car has been in my name now for ...
5
votes
3answers
3k views

What is the standard real estate commission to sell a million dollar home?

I want to list my condominium for US $1.3 million. How can I decide on a fair real estate commission?
12
votes
3answers
464 views

Where can I sell some gold ounce bars I own, without getting screwed?

I have some gold ounce bars that I'd like to sell while the price is high, but I don't know where to sell the gold. I've Google'd around, but there seems to be a lot of shady places out there. So my ...
4
votes
1answer
63 views

How to approach sale of municipal bonds (USA)

I am in a fortunate position of having invested income (about $41K) from a trust becoming fully mine in August. The trust was previously maintained by my mother, who invested the money in tax-free ...
4
votes
1answer
336 views

Tax liability for selling inherited collectibles on eBay?

When I was a kid, my grandfather gave me some collectible items, which at the time were worthless. Many years later, this stuff is actually worth a few thousand dollars. If I sell this stuff on ...
3
votes
3answers
187 views

What forms of payment am I compelled to accept?

In relation to this question about maximum amounts a check can be written for If I sell something like a car or other expensive item on Craig's List or in the local paper classifieds, am I compelled ...