The post can be viewed on Investopedia here. Question Headline: What is my capital gains tax liability if I sell two homes to buy one? Question Body: My spouse and I plan to sell both our primary residence, which we’ve lived in for 19 years, and a second vacation home, that we’ve only owned for 10…
Category: Financial Planning
Not understanding the basics rules for inheriting an IRA can cost the beneficiary of an IRA money. The below information summarizes the key points of inheriting an IRA. Inheriting Traditional IRA as Spouse When a spouse inherits an IRA they first need to retitle the IRA into their own name. By doing this they are…