You can buy a house and pay the taxes for that year, but not for life of the house. The taxes change each year due to local tax bonds that are passed to pay for things like schools and other items the city may need.
Yes, they do
Yes you would have some rental income that you would be required to report on your income tax return.
Do you have to pay taxes on deceased mother's house when it sells
You pay tax on the profit from a sale. And get a tax benefit from a loss.
No. You are being reimbursed for a loss. It would be like if you lost your wallet and someone returned it, you don't pay taxes on the cash you got back.
if they pay the taxes for the house then no if they don't pay taxes then they do pay
Answeryou will pay more tax if someone gives you a can them if you make out a bill for 100.00 if you do not have a sale bill then you are going to pay taxes on the current value of that vehicle. so if the book says is wot=rth 3000.00 with no bill of sale you will pay taxes on 3000.00. so make out sale bill for the amount that is fair
You should not have to pay sales taxes in Florida if it was a gift. Cloud Chaserz
you dont
You can buy a house and pay the taxes for that year, but not for life of the house. The taxes change each year due to local tax bonds that are passed to pay for things like schools and other items the city may need.
Someone has to pay taxes, yes. Contact your local Bureau of Motor Vehicles.
Yes, they do
income taxes ? no insurance payments are exempt
Yes you would have some rental income that you would be required to report on your income tax return.
You need a lawyer.
That is the question !