I live in IL where we pay taxes in arrears. Thatmeans we pay property taxes the year after they were incurred. 2014 is paid in 2015. So at a closing, the seller pays the buyer for the taxes for when … (View Post)
I've got a dollar that says they have been filing as Head of Household and Single if there are kids involved. That's why the lady brought up the living apart for the last six months of the … (View Post)
I don't disagree Hoffse with any of that. It's just that there is no way a farm of 80 acres is going to be worth 5,000,000. I looked up average farmland prices and NJ and CA are the only pl… (View Post)
Let's talk some real numbers. 80 acres of farmland isn't going to get close to the 5.43 million limit. Even at $10,000 an acre, that's only $800,000. If you are in the 25% tax bracket,… (View Post)