kritter-k
Level 3
Member profile
- Replies
- Posts
-
So I think you're saying I'd still pay income tax on any interest I receive each year, which makes sense. But how would I claim the step-up in basis and show th...
-
What impact would not having any profit from the sale have? The house is a long-term asset in a community property state, and my husband died a year ago. Becaus...
-
Based on the first answer to my question, I would get a step-up in basis. So once again, I am getting contradictory answers, just as I did from two financial ad...
-
Thank you. My husband and I were living in AZ (a community property state) when he died, but I have since moved to CO (which is not a community property state)....
-
I think I found how to enter the step-up in cost basis in the TurboTax software.1. Enter the actual sale price in Selling Price.2. Enter any sales expenses in S...
Activity Feed for kritter-k
- Posted Re: Tax implications of offering an interest-only owner financed loan when selling a house on Investors & landlords. 2 weeks ago
- Posted Re: Tax implications of offering an interest-only owner financed loan when selling a house on Investors & landlords. 2 weeks ago
- Cheered Re: Taxes for gifting $125K in lump sum to a sibling for rjs. 3 weeks ago
- Cheered Re: Tax implications of offering an interest-only owner financed loan when selling a house for Vanessa A. 3 weeks ago
- Cheered Re: Taxes for gifting $125K in lump sum to a sibling for Vanessa A. 3 weeks ago
- Posted Taxes for gifting $125K in lump sum to a sibling on Investors & landlords. 3 weeks ago
- Posted Tax implications of offering an interest-only owner financed loan when selling a house on Investors & landlords. 3 weeks ago
- Cheered Re: How to weigh when to sell government savings bonds to maximize return while minimizing taxes? for DianeW777. April 8, 2025 8:26 AM
- Posted Re: Is there a step-up in cost basis for government bonds held in a Trust when a spouse dies? on Retirement tax questions. April 6, 2025 4:12 PM
- Posted Re: Is there a step-up in cost basis for government bonds held in a Trust when a spouse dies? on Retirement tax questions. April 6, 2025 4:10 PM
- Posted Is there a step-up in cost basis for government bonds held in a Trust when a spouse dies? on Retirement tax questions. April 6, 2025 1:49 PM
- Posted How to weigh when to sell government savings bonds to maximize return while minimizing taxes? on Retirement tax questions. April 6, 2025 1:44 PM
- Cheered Re: Do I need to pay state tax to a state I lived in for only 2.5 months if I received no income ... for MaryK4. February 24, 2025 7:18 AM
- Posted Do I need to pay state tax to a state I lived in for only 2.5 months if I received no income from sources in that state? on State tax filing. February 23, 2025 1:54 PM
- Posted Re: How to enter full step-up in cost basis for sale of 2nd home in community property state on Deductions & credits. February 23, 2025 6:49 AM
- Cheered Re: How to enter full step-up in cost basis for sale of 2nd home in community property state for MaryK4. February 23, 2025 6:47 AM
- Posted Re: How to enter full step-up in cost basis for sale of 2nd home in community property state on Deductions & credits. February 22, 2025 5:26 PM
- Posted How to enter full step-up in cost basis for sale of 2nd home in community property state on Deductions & credits. February 22, 2025 4:20 PM
- Got Cheered for Re: How can I estimate taxes on inherited CDs and government savings bonds?. July 27, 2024 4:15 PM
- Posted Re: How can I estimate taxes on inherited CDs and government savings bonds? on Retirement tax questions. July 27, 2024 3:51 PM