Q: How do I minimize taxes for my parents? They have a rental property and own it without a mortgage. They want to sell it to me. Here’s the problem: They want the money as a lump sum instead of ...

Gain on the sale of property depreciable by the purchaser is ordinary gain if the sale is between certain related parties. For this purpose, related parties are: (1) a person and a corporation or ...

If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage interest ...

Q: My wife and I are about to sell a Chicago rental property we purchased together. The house was our first home, and we moved out about seven years ago. After we moved, we rented out the property. We ...

QWe have owned a house in the District for many years that we used for investment purposes. We finally decided to sell it, and have signed a sales contract. We know that our tenants have certain ...