For the property you sold, you may have property taxes you already paid that year before the sale. Additionally, you will give the buyer a credit for property taxes accrued up to the date of the sale. Deduct both of these amounts. For the property you purchased, you may pay property taxes after the purchase. The seller gave you a credit for the taxes due up to the date of purchase. Deduct the credit from what you paid. If any remains, you may deduct it on Schedule A. If the credit is for more than you paid, you should carry the remaining credit forward to the next year and deduct it from what you paid. Many Accountants will simply deduct the entire credit from all of the payments in the same year. While this is technically incorrect, it is easier, and eliminates the likelihood you will forget to carry the remaining credit forward. I've never had the IRS object to this treatment. Example: Paid property tax in June $2,000 Sold property in July, gave buyer credit 4,000 Bought property in July, got seller credit -5,000 Paid property tax in September 2,500 Total paid during year is $2,000 + 4,000 + 2,500 - 2,500 (credit) = $6,000 and carry a $2,500 credit from buyer to next year, or Total paid during year is $2,000 + 4,000 + 2,500 - 5,000 (credit) = $3,500 and no credit carried forward.
A property that is bought by means of monthly payments is said to be paid by installments.
If you get a written agreement.
you should get a devorce with him!!! i would.
was fidelity federal loan and trust bought out
International Paper bought Federal Paper Board
You cannot "get your name back on the property" unless the investor conveys the property back to you by deed. If you did not notify your bank of the transfer you should contact an attorney to determine your exposure and negotiate for you with the lender.
You need to consult with an attorney who can review your proof of payments, agreement and any documents that you signed and then explain your rights and options.
Do you want the mobile home? If yes then you must pay. If not, then let the bank come and repossess it.
1989, Southeast Bank bought First Federal of Jax. Southeast was later bought out by another bank
It is a federal offense and a felony to tamper with someone's mail and mailbox. The mailbox is actually considered the property of the post office, no matter who bought it.
Roy Kroc bought the company and built the headquarters in Illinois.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.