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yes. you still have to pay property taxes every year.
And the "gift" of something in the form of property, or service, or whatever, is INCOME just like any other circumstance.
What you call it or the form it takes makes no difference.
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∙ 13y ago
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Can you buy a house and pay off all the taxes?
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.
Does a member of the House of Representatives have to pay taxes?
Yes, they do
If someone moves in your house and you move out and they pay your mortgage is this considered income and do you have to pay taxes on it?
Yes you would have some rental income that you would be required to report on your income tax return.
Do you have to pay capital gains tax on your deceased fathers house when you sell?
Do you have to pay taxes on deceased mother's house when it sells
Do you pay taxes on a house buyout?
You pay tax on the profit from a sale. And get a tax benefit from a loss.
Do you have to pay taxes on a house insurance pay out?
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.
Do people in China pay for education?
if they pay the taxes for the house then no if they don't pay taxes then they do pay
Do you have to pay sales tax if someone gives you a used car?
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
If someone gives you a car as a gift how much sales tax would you pay to register in Florida?
You should not have to pay sales taxes in Florida if it was a gift. Cloud Chaserz
How do you accuse someone who does not pay taxes?
you dont
Can you buy a house and pay off all the taxes?
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.
Do you have to pay taxes on a car that is a gift?
Someone has to pay taxes, yes. Contact your local Bureau of Motor Vehicles.
Does a member of the House of Representatives have to pay taxes?
Yes, they do
Do you pay taxes on house insurance claim?
income taxes ? no insurance payments are exempt
If someone moves in your house and you move out and they pay your mortgage is this considered income and do you have to pay taxes on it?
Yes you would have some rental income that you would be required to report on your income tax return.
What if you pay the taxes on your roommates house and he died?
You need a lawyer.
Do you have to pay taxes on selling your deceased fathers house?
That is the question !
