Question: I created a living revocable trust and sold a house that was in the trust. The purchase price was $115,000 and we made improvements which cost $7,800, which brings the cost basis to [...]

Question: This is a divorce question regarding how capitol gain taxes apply if one spouse would like to “buy” the other spouse out. What is their tax basis after the divorce and is [...]

Question: We recently sold my father’s home which was in a trust. My sister lived with my father from the 1990 until my father died in 2005, and continued to live at the property until 2022 [...]

Question: If two spouses deed their primary home, within one year of one spouse’s passing, from their living trust to the ill spouse, and the ill spouse had willed everything to a [...]