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Results tagged with pennsylvania
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user 10613
Use this tag for questions related to rules and experiences specific to the State of Pennsylvania in the United States.
2
votes
I believe I have paid too much for my home, what are my options?
It may be worthwhile to study what happened home owners that bought prior to 2006. The market crashed later that year and those that had ARMs had a lot of difficulty holding onto their homes. Some a …
- 79.6k
5
votes
My 18 yo son inherited his grandmother's house and his father wants to buy it for $1
Inherited real estate is purchased at a "stepped up" basis. That is for tax purposes the house price is the value at the time of death. So grandma might have bought the house for $20, and the time o …
- 79.6k
11
votes
In the donut hole of assistance, Should I buy a home?
I am with Joe.
Just doing some rough budgeting you should be able to swing 2-2.5K per month. Here is how I got that:
You gross 60K, 5k per month. 75% of rent ~1000, 75% of 600 for groceries 450, …
- 79.6k
2
votes
When investing a settlement, what tax ramifications should be considered?
Well this is not the best situation. Sorry to your friend.
First off ROTHs are out, you need earned income. Secondly, I don't think the focus should be on retirement planning until there is again a …
- 79.6k