Taxes

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Asked by an anonymous user
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - You should check with a Certified Public Accountant (CPA) in your local area for specific tax advice. There was a forgiveness program for canceled debts that ex...
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Asked by Tamer
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - It sounds like this is your personal residence. As long as you have lived in the home for at least 24 months (two years) the sale of a personal residence receiv...
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Asked by Connors Sue
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - I like those words "large profit". If this is a personal residence and you've lived in the house for at least two years, there is no federal income tax on a gai...
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Asked by an anonymous user
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Good question! You are close, the 1035 tax free exchange will allow you to exchange an existing annuity or permanent life insurance contract to a new one that has a L...
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