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    • I Inherited Property. How Can I Tell Its Fair Market Value?

      SmartAsset via Yahoo Finance· 10 months ago

      Inheriting property, whether expected or unexpected, can raise some questions about what to do with it and what it's worth. Specifically, you'll need to know the property's fair market value ...

    • How Does the IRS Verify Cost Basis?

      How Does the IRS Verify Cost Basis?

      SmartAsset via Yahoo Finance· 3 months ago

      The IRS expects taxpayers to keep the original documentation for capital assets, such as real estate and investments. It uses these documents, along with...

    • Required Minimum Distribution (RMD) Calculator

      Required Minimum Distribution (RMD) Calculator

      SmartAsset via Yahoo Finance· 4 months ago

      Use SmartAsset's RMD calculator to see what your required minimum distributions will look like now and in the future. Enter your retirement account...

    • What is a 1099-C Cancellation of Debt form?

      What is a 1099-C Cancellation of Debt form?

      Bankrate via AOL· 3 months ago

      Key takeaways You will receive a 1099-C Cancellation of Debt form if a lender forgives more than $600 of taxable debt on your behalf. You must include...

    • How to Legally Avoid The Gift Tax on Money

      How to Legally Avoid The Gift Tax on Money

      SmartAsset via Yahoo Finance· 2 years ago

      The gift tax is a tax levied on any unilateral transfer (a gift) from one person to another. The federal tax is aimed partially at making sure wealthy...

    • Will I Have to Pay Taxes on Canceled Debt?

      Will I Have to Pay Taxes on Canceled Debt?

      SmartAsset via Yahoo Finance· 3 months ago

      Usually, if you have a debt canceled, you will owe taxes on the amount of the canceled debt. The Internal Revenue Service does not consider debt as...

    • Can you use home equity to buy a second home?

      Can you use home equity to buy a second home?

      Bankrate via Yahoo Finance· 2 months ago

      Key takeaways You can use home equity to buy another house if you have enough of an ownership stake in your residence and meet other eligibility...