Taxes
How to calculate capital gains on a primary residence
How to calculate capital gains on a primary residence Dear Phyllis, I look forward to your weekly column. My husband and I are thinking of selling our home and moving to Nevada. He has a civil service pension, and we could have a much...
Dealing with death, taxes and real estate
The loss of a loved one is devastating. For the one tasked with the responsibility of handling the real estate and other assets it is often overwhelming. There are so many decisions to be made when dealing with death, taxes and real estate. In ...
New Tax Laws
New Tax Law When Selling A Home Dear Phyllis, My husband and I are in a position to retire now, or we could wait several more years. We own a vacation home in Palm Springs and can live there until we decide where we want to move. Hous...
The Mills Act and historic preservation
The Mills Act is a California program that allows owners of qualified historic homes to receive a property tax reduction. Cities utilize the Mills Act to encourage historic preservation. Each local government establishes its own criteria. And...
Saving On Capital Gains
Saving On Capital Gains Dear Phyllis, My parents moved out of state two years ago and converted their La Canada home to a rental. To avoid capital gains tax, my accountant thinks my parents should sell. Particularly as it was their pr...
Transferring Property Taxes
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here This is an old question and answer, and the tax laws have changed. Learn more about Proposition 19 Dear Phyllis, ...
Determining your Tax Basis
I am a real estate agent and am not qualified to offer tax advice. But of course, as a California Realtor, there are certain general things I should be aware of. When it’s time to sell your home, you certainly want to take advanta...
Ask Phyllis: Capital Gains Tax
Ask Phyllis is a blog series of frequently asked real estate questions. Have a question about real estate? Email us here Capital Gains Tax Dear Phyllis, My parents moved out of state two years ago and converted their La Crescenta...
