The good ole IRS looks at the home value on the day of the parent’s death. It does not matter if the home is paid for or has been in the family for 100 years. The children’s cost-basis will be … [Read more...]
Are seller-paid points deductible in Missouri?
January 19, 2011 By
In January on 1991 the law changed. Homeowners are able to deduct points paid by the seller. It used to be only the buyer. Your Tax accountant and you Real Estate agent should be able to expand on … [Read more...]
How do appraisers estimate my homes value?
January 19, 2011 By
Smoke and mirrors? Some people think so. It actually comes from several factors. They include the homes size and square footage, the condition of the home and the location or neighborhood. Recent … [Read more...]