That is true
The money is gone after foreclosure.
In the US, the money is not taxable if the beneficiary is an adult.
It grows tax deferred. If you take an income stream or annuitize the annuity, the money is taxed as ordinary income.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
That is true
Money received as a beneficiary from an estate is not considered taxable. Money that is left on behalf of an estate is an inheritance and is considered to be tax free.
depends where you live
Example sentence - She was surprised to learn the money she received for spousal support is taxable income.
Its income
The government will take any money they can from you so I would say that they will tax it. You can thank Obama for that.
In general, money received from a civil lawsuit may be considered taxable income by the IRS. However, there are exceptions for certain types of damages, such as physical injury or sickness. It's best to consult with a tax professional to determine the tax implications of money received from a civil lawsuit.
The fee paid to the executor is considered taxable income.
Depending on whether the "sale" gave you a deductable loss, or a taxable gain you might or might not be liable to income tax.
IF the amount of the money that you received from the school is taxable income YES you should file a 1040 federal income tax return.
The money is gone after foreclosure.
In the US, the money is not taxable if the beneficiary is an adult.