I’m sorry for so many questions. I’m getting confused. You said I have it right but for which scenario? The taxing at 24% my marginal rate (based just on my job...
@NCperson- So for clarification:I make $100,000 a year.I sell the house for a $218k profit.So I will have to add my income and the profit together, $318k, and g...
@NCperson- Our main question is just if we have to add the profit from the home sale to our job income and be taxed at that rate or if we are taxed solely from ...
@NCperson - My parents bought the house for me and my wife as we did not have great credit. We paid them the monthly mortgage but their name was on the house. O...
@NCperson- I appreciate the reply. We bought the house from my parents in April. They had their name on the house before we bought it from them.So say my wife a...
