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I divorced my husband. He did not pay his taxes. We filed jointly for a few years and then I got wise and refused to file jointly. There are liens on the home we own, some liens are in his name only and for the joint filings, are in both names. The proceeds of the home sale will not cover the total lien amount, both joint and separate. My half of the proceeds will more than cover my share of the joint lien. His half of the proceeds will not cover all of the lien amount. Will the IRS view the proceeds from the sale as half mine and half his and take for the liens accordingly, which would give me a little money from the sale?
Asked by Mos on 8/10/2006 11:26:10 AM | See Answers
I know I could roll home sale profits tax free(at least for now) to the purchase of another home, but can I do anyting similar to roll it tax free to a college fund/IRA of anykind?
Asked by Thomas M on 4/23/2007 6:41:32 AM | See Answers
A home listed for sale had a water softener completely disconnected before the buyers saw the property for the first time. The softener was kept in the basement - disconnected - while the potential buyers made 2 separate visits to the home. After the buying contract was signed by both parties, the buyers decided they wanted the softener. The home was never listed in the MLS as having a water softener - because the sellers disconnected it to take with them when they move out. Who gets the softener?
Asked by David M on 5/3/2008 12:53:09 PM | See Answers
The seller isn't accepting offers with a home sale contingency clause. We've been approved by our lender to proceed without the contingency, but the payment is really ugly. Would you proceed without the contingency or let the house go? I just don't know what to expect in this market.
Asked by Brooke22365 on 11/16/2006 11:28:12 AM | See Answers
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