Tag: General Finance

Posted on 03/14/2021

Photo by James DeMers via Pixabay If you're hoping to make some major changes to your home, you're likely interested in the types (and terms) of financing available to you. The 203k loan was designed to give homeowners an attractive interest rate, so they'd be more likely to upgrade and modernize their homes. However, it's not available to...

Home Repair

General Finance

+ 1 more

Posted on 02/16/2020

Step-Up Basis and Real Estate

Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...

Real Estate Taxes

Personal Finance

+ 1 more