Q: I have lived in my parents’ house for the past 19 years. I’ve been paying rent the entire time. They want to sell it to me for less than the market value but are afraid of the huge capital gains taxes. The home was purchased 19 years ago for $120,000 and the home has doubled in value. If they sell the home to me under the market value, are they still responsible for capital gains taxes on the market value?
Q: I have a question about adding a name to the deed of a house. My boyfriend (we have never married) and I have one son together. Our son has my last name and is now an adult. My boyfriend is the one who bought the home we live in and the home is in his name.
Q: First off, thank you for all the wonderful information on Ilyce’s YouTube channel. The videos are very well made and informative. I am trying to gather some initial information about a situation my family will be dealing with shortly and was hoping that you could shed some light on things for me.
"Although infrastructure spending will add to the deficit in the short run, it will also add to the ability to pay down the debt later on."
Here are three things you should do to help land that first house in 2021.
Q: I enjoyed reading your recent article on the differences between using a will and a quitclaim deed in order to pass property to heirs or family members.
A daily roundup of interesting newspaper editorials and blog posts from around Madison and Wisconsin.
As millennials flock to certain parts of the U.S., home prices in those areas are surging.
Dear Editor: There is an important question on the April 3 ballot regarding eliminating our state treasurer. I urge you to vote NO. Now is not…
The purchase will give the Oregon bank six locations in south-central Wisconsin.
While creditors and community members alike wait for the results of a Monday auction of Gordy’s Market assets in Milwaukee, one company is objecting to the upcoming sales.
The Madison bank is part of Heartland Financial USA, based in Iowa.
The city, home to three state prisons, is working to rebrand the community for economic development and growth.
Special Counsel Robert Mueller should call upon the states where Trump properties are located to seize all properties that fall under such "suspicions" of being financed, partnered, purchased, or used as the "scene of the crime" by Russian criminal enterprises.
Isthmus Partners, LLC, a Madison-based registered investment advisor serving institutions and families, has crossed the important three-year m…
Madison-area credit unions are nearly all in tip-top financial shape, according to the grades they have earned from an independent bank resear…