New real estate rule thwarts investor’s tax strategy
Home acquired in exchange can’t be sold too quickly Robert J. Bruss Inman News DEAR BOB: I bought a rental property in 1991, which I sold for $450,000. To avoid capital gain tax, I used an Internal Revenue Code 1031 tax-deferred exchange to buy another rental...Gas starter addition to old fireplace requires pro’s touch
Homeowner seeks a convenient way to start a fire Bill & Kevin Burnett Inman News Q: I live in an older home. I think it was built about 1930. It’s two stories and has a masonry fireplace in the ground-floor living room. The home has natural-gas central...Unpaid child support could score real estate victory for divorcee
Ex-wife fights IRS for ex-husband’s half of deed Robert J. Bruss Inman News In 1988, Jennifer and Terral Croft divorced. The court awarded Jennifer use of the jointly owned family home and ordered Terral to pay child support for their children. But Terral was...How to obtain reverse mortgage to buy a second home
Down payment may present problem for retiree Robert J. Bruss Inman News DEAR BOB: I would like to buy a second home in Phoenix, but all my money is tied up in retirement accounts. I am thinking a reverse mortgage will give me the money I need (about $250,000). Can I...Commuter rail to link Boston to Providence airport
Plans are under way to expand commuter rail service to T.F. Green Airport in Warwick, R.I., by 2008, linking the airport with Boston via Providence, the Boston Business Journal is reporting. Initially, there will be eight trains, on weekdays, but no weekend trains....Condo Listings by Neighborhood
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