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Our father died, then our stepmother passed away Will my siblings and I owe taxes when we sell their house?

“My father remarried at the age of 65. He kept his house in the revocable trust where he had control of his assets.”

United statesJonathan forsterLos angelesWeinstock manionTerminable interest propertyDear tax guyQualified terminable interest property trustRevocable trustState taxesHouse in floridaCost basisThe house

I sold my house and invested in IRA CDs They mature next month How will I be taxed?

The IRA CD has its own tax twists compared to other types of CDs.

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I m a 42-year-old father with a $210,000 investment property Can I leave it to my daughter without triggering a large capital-gains tax?

‘‘I bought the property for $120,000 and it’s currently valued at $210,000. My daughter says that she wants this home to be her first home.”

United statesDear tax guyInvestment propertyEstate tax

Can I leave my $210K home to my daughter without triggering capital-gains tax?

‘‘I bought the property for $120,000 and it’s currently valued at $210,000. My daughter says that she wants this home to be her first home.”

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I m doing my taxes for a CD maturing in 2024 Why don t I have the paperwork?

The IRS treats interest from CDs and other cash investments as ordinary income.

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